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BANKING · QUARTERLYas of 2026-07-28

OPay: USSD Code, Transfer Charges, SWIFT Code & Rates

Digital bank · OPay · ₦5M NDIC coverage

AT A GLANCE
SWIFT
USSD
Savings rate
4–6%
Fixed deposit
WHY THIS BANK

Biggest mobile money. Free transfer. POS everywhere for Lagos.

Opera back am. Biggest mobile money — 35M+ user. Free P2P transfer. POS agent dey everywhere.

ABOUT OPay
Bank profile · we don verify am

OPay na Digital bank (CBN license, NDIC dey insure am) wey dem start for 2018 (8 years ago), and na Opera / Zenith Bank JV dey operate am. For 2026 e dey serve about 40M+ customers.

Dem start am
2018 · 8 years dey serve Nigerians
Owner company
Opera / Zenith Bank JV
Customer base
40M+
Bank type
Digital bank (CBN license, NDIC dey insure am)
Website
opayweb.com
HEAD OFFICE
OPay headquarters
Address
Landmark Towers, 5B Water Corporation Road, Victoria Island, Lagos, Lagos
CHARGES
CBN-regulated · effective May 2026
Transfer <₦5,000
FREE
Transfer ₦5,000–₦50,000
₦10
Transfer >₦50,000
₦50
SMS alert
FREE
Email alert
FREE
ATM card issuance
₦1,500
ATM card maintenance· scrapped May 2026
FREE
Virtual card
FREE
Current acct maintenance· ₦0 from 2027
₦0.5/₦1,000
Hardware token
₦2,500
Min opening balance
₦0
NDIC coverage
₦5M NDIC coverage
TRUE YEARLY COST
at typical use

If you dey do 20 transfer, 4 other-bank ATM visit, and 30 SMS alert every month:

OPay2,400/year

This na the cheapest for the tracked banks at this usage pattern.

Compare with all 23 bank →
HOW TO OPEN ACCOUNT

Time to open: 3 minute · Online through app

UNIQUE FEATURES
POS Agent Network

500,000+ POS agent for Nigeria — deposit, withdraw, and transfer cash for any OPay agent. No need go bank.

OPay Wallet

Dem accept am for most Lagos POS terminal. Pay for ride, food, bill — everything from one wallet.

Instant Settlement

Merchant receive POS payment instantly — no waiting 24-48 hours like normal bank POS.

OPay Owealth

Savings product wey dey pay reach 18% p.a. — dem dey auto-sweep am from OPay wallet balance.

APP RATINGS & CONTACT
iOS rating
4.3 / 5
Android rating
4.1 / 5
Lagos branches
0
Lagos ATMs
0
QUESTIONS PEOPLE DEY ASK PASS
Answer about OPay
Wetin be OPay transfer charges?
bankingDetail.faqTransferA
Wetin be OPay savings account interest rate?
OPay dey pay 4%–6% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.
Where OPay head office dey?
OPay headquarters dey at Landmark Towers, 5B Water Corporation Road, Victoria Island, Lagos, Lagos, Nigeria.
NDIC dey insure OPay?
Yes. Deposit for OPay dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦5,000,000 per depositor per bank.
How I fit contact OPay customer service?
Website: opayweb.com. Phone: —. Head office visit: Victoria Island, Lagos.
COMPARE WITH OTHERS
FeatureOPayKudaProvidus
SMS feeFREEFREE₦5
Transfer ₦5K-₦50K₦10₦10₦10
Savings rate6%12%6%
NDIC₦5M₦2M₦5M
App rating4.3/54.5/53.8/5
Yearly cost₦2,400₦2,400₦4,200
RELATED
SAVINGS vs STOCKS
6% vs NGX +55% YTD

Where ₦1M dey grow faster — savings or NGX stock?

IN RICE BAGS
₦2,400 = 0.0 bags rice

Yearly banking charge for Lagos market term.

Back to all 23 bank wey we compare