Dash Microfinance Bank Lowers Transaction Fee to ₦5 to Support Customers Following New ₦1,500 Card Charge Policy

In response to the evolving financial landscape and the latest Central Bank of Nigeria (CBN) policy, which sets the charges for ATM card issuance and maintenance at ₦1,500, Dash Microfinance Bank has moved to cushion the effect for its customers.

To ensure that banking remains affordable despite these rising industry costs, Dash has officially announced its “Near-Zero” fee policy, offering transactions at a flat rate of just ₦5.

This strategic initiative positions Dash as a leader in financial inclusion, directly addressing the pain points of millions of Nigerians by lowering the barrier to digital payments.

Balancing the Cost of Banking

As the Nigerian economy shifts further toward digital-first interactions, Dash Microfinance Bank is committed to ensuring that the cost of moving money remains minimal. By introducing the ₦5 flat-rate fee, Dash is providing a necessary buffer for customers currently adjusting to the updated card charges.

“We believe that banking should be easier and made just for you,” says Rotimi Awofisibe, MD/CEO.

“With the new ₦1,500 card charges, we wanted to find a way to give back to our customers. By offering ₦5 transactions, we are empowering the student, the trader, and the professional to move money freely without the fear of high service costs.”

Similar read: Dash Microfinance Bank strengthens digital offering with new mobile app

A Specialized Lifestyle Niche

Dash Microfinance Bank distinguishes itself by integrating seamlessly into the daily routines of its users. Beyond the ultra-low transaction fees, the platform is optimized for:

• Seamless Transit Integration: Top up transport wallets like Shuttlers instantly for a friction-free commute.
• The Weekend’s Favourite: The fastest route to funding betting wallets for the sports community, ensuring no downtime.
• Essential Utilities: Pay for Electricity tokens, DStv, and GOtv subscriptions within a unified, low-cost ecosystem.
• Empowering Commerce: Reliable Dash POS terminals for SMEs with high success rates and next-day settlements.
• High-Yield Savings: Competitive Fixed Deposit accounts that offer a secure haven for long-term wealth growth.

Start Saving with Dash Today

Join the thousands of Nigerians enjoying faster, cheaper, and more reliable banking. Experience the “Near-Zero” lifestyle and keep more of your money where it belongs with you.

Download the Dash Microfinance Bank app on your preferred device:

Download on the Apple App Store

Get it on Google Play Store

About Dash Microfinance Bank

Dash Microfinance Bank is a forward-thinking financial institution dedicated to providing simple, fast, and affordable banking solutions. By leveraging cutting-edge technology and a deep understanding of the Nigerian consumer, Dash is committed to making banking a seamless part of everyday life.