Best Bank in Nigeria

If you're partial to hybrid solutions that combine several types of services into one package, Ogvio might just be the best bank in Nigeria for you. Unlike conventional banks that spread their products and services across multiple categories, Ogvio is geared towards money transfers. It stands out among other similar apps by offering the most competitive fees and a minimalist, user-friendly interface.

Let's get straight to the main selling point: Ogvio transfers to other users are 100% free, no matter how much you're sending or where. Once you add a friend to your contact list, you can both send and request money from them in just a couple of clicks, and these transfers will go through instantly.

	OGVIO
Overall Score	9.8
Transaction Fees	Free-to-Low
Pricing Model	Per-transaction
Value For Money
Verdict	A global money transfer service with an additional volatile currency rate pegging to USD or EUR.
	Visit site Read review

Table: Ogvio main features

International payments outside the ecosystem are still cheaper than you'd expect: instead of relying on SWIFT or other global wire networks like traditional banks, Ogvio processes transactions through local instant payment systems, significantly cutting down on fees.

Crypto enthusiasts will discover another perk that puts Ogvio ahead of many competitors. Alongside its main purpose as a digital bank, it also doubles as a full-fledged crypto wallet, with the potential to replace crypto exchanges in Nigeria for casual trading needs. You can buy or sell 9 cryptocurrencies on the Base network, deposit or withdraw crypto, or even cash it out to your bank account.

Ogvio supports several top-up and withdrawal methods. You can top up your balance with a bank transfer, a credit/debit card, crypto, or a direct transfer from another Ogvio user. If you choose to make a bank transfer deposit, Ogvio generates an IBAN number that can be used just like a traditional bank account number.

Ogvio's geographical support is pretty broad: you'll be able to send money to over 160+ countries in 40+ currencies. However, any local currency you deposit is automatically pegged to USD or EUR (your choice) as a way to stabilize the value of your balance. This way, Ogvio protects your funds from inflation and market fluctuations some local currencies are prone to.

When in doubt, it never hurts to heed the experts. Zenith Bank has claimed the title of the Best Bank in Nigeria in the Global Finance Best Banks Awards 2025 for the fifth time in six years. Founded in 1990, it's now the third largest bank in Nigeria and one of the top 20 largest banks in Africa (as of January 2026) by the number of total assets.

Zenith Bank offers four types of current accounts. Individual Current Account is a solid entry-level option that doesn't require a minimum balance and allows depositing up to NGN 10 million. Gold/Platinum Premium Accounts ask for an opening balance of NGN 1/3 million and offer a 9.17% or 10.17% annual interest rate, respectively. Meanwhile, Timeless Account is designed for seniors over the age of 60.

The bank's range of savings accounts features seven options. Individual Savings Account, EazySave Classic, EazySave Premium, and Timeless all offer a generous 8.725% annual interest rate, while Aspire Account (aimed at students aged between 16 and 25) and Zenith Children’s Account (for children aged under 8) have a more modest 5.5% rate.

Zenith Bank's card range is pretty broad, too. You'll find MasterCard, Visa, Verve, and AfriGO debit cards, available in NGN or USD, as well as Gold and Platinum debit cards with extra perks like insurance and access to exclusive airport lounges. Debit cards allow up to 5 daily withdrawals. You can also get a prepaid card in NGN, USD, EUR, and GBP, or a virtual debit card.

If you're a fan of digital banking, Zenith Bank is potentially the best online bank in Nigeria, at least among conventional banks. Its mobile app lets users send or receive transfers, make QR payments, buy airtime from network providers, and connect to eNaira Wallet. Its companion app, Eazy, is a digital wallet platform that supports free transfers between Zenith accounts and deposits/withdrawals via Zenith agents and ATMs.

Zenith Bank's Salary Current and Savings Accounts include some financing features: you can get up to 60% of your net monthly salary in advance, take out a personal (consumer) loan, a car loan, or a mortgage. In addition, instead of borrowing money from the bank, you can opt for a Lease, where the bank buys the asset on your behalf and leases it out for you in exchange for repayments.

Founded in 1990, Guaranty Trust Bank (usually referred to as GTBank) is a Nigerian-based bank that operates in 9 other African countries and the United Kingdom. As of writing this, it owns NGN 3.1 million in assets and holds the Euromoney Award for Excellence 2023 as the Best Bank in Nigeria. All in all, it's one of the top alternatives for its varied range of accounts and other products.

GTBank's Individual Current Account comes with a personalized Naira Mastercard and a free chequebook. If you only need a card for digital transactions, the e-Account is a decent alternative, offering a 5.25% annual interest rate. Meanwhile, the Domiciliary Account (available in USD, GBP, or EUR) is best for international remittances and cash withdrawals in foreign currency.

This bank features six types of savings accounts. GTSave offers the highest interest rate of 8.25% p.a., while GTInstant (a lite version of GTSave with a lower entry barrier) follows closely behind at 8.175%. Those saving for a specific goal can opt for GTTarget, which offers an additional 1% bonus interest to customers who maintain a Standing Order deposit for 1 year.

GTBank's credit and debit cards come in several types. The Naira debit card has a daily ATM withdrawal limit of NGN 40,000 and a daily transaction limit of NGN 6.5 million, while those who want a USD-denominated account can opt for the Dollar Debit Mastercard or Visa cards. In addition, there are NGN and USD-based prepaid cards and a virtual prepaid card.

Aside from a fully-functional online banking platform and a mobile app, GTBank has some additional services up its sleeve. GT Sweep enables automatic transfers between all of your accounts, so that even if one of them has insufficient funds, the payment will still go through. It's accompanied by GTRescue, another neat addition for accessing emergency cash without a debit card.

If you're wondering which bank is the best in Nigeria for non-residents, GTBank provides a number of services for Nigerians in the diaspora. You can open an account from anywhere in the world and access internet banking, NGN or USD-denominated debit cards, and use GTConnect to check your account balance or transfer funds.

As of 2026, Access Bank is the largest commercial bank in Nigeria by the number of total assets, serving more than 60 million customers across 20+ countries. It features a broad array of products and services for both resident and non-resident Nigerians and a number of money transfer services.

If you need a basic bank account for everyday transactions, Individual Current Account is your best bet. It has a fairly low initial deposit of NGN 10,000 and a maintenance fee of NGN 1 per every NGN 1,000 in your account. In contrast, Solo Account has a lower initial deposit of NGN 500 and comes with an 8.25% annual interest rate.

Nigerians looking for a savings account can check out the Instant Savings Account. If you don't mind the rather low maximum deposit and cumulative balance allowance (NGN 50,000 and NGN 300,000, respectively), the 8.25% annual interest rate is higher than what you'll find on many other banks. One of the only drawbacks is that this account only allows domestic transactions.

When it comes to card options, Access Bank is possibly the best bank to use in Nigeria for the sheer selection size. It has a total of 9 debit card options, 3 prepaid cards, and 3 credit cards. You'll find a variety of providers: Mastercard, Visa, Verve, and even American Express. On the downside, most debit and prepaid cards only support domestic ATM withdrawals.

AccessMore app serves as the bank's mobile banking hub, mostly on par with the online banking platform feature-wise. Among the bank's other mobile-oriented features is FacePay, an alternative instant payment solution available for registered merchant outlets, and AccessPlus, a USSD-based banking service that lets users handle their banking needs directly from their mobile phone without an internet connection.

Finally, Access Bank has plenty to offer for remittances and international money transfers. With the AccessAfrica service, you can make USD transfers to the bank's subsidiaries within Africa, with the payee receiving either USD or their local currency in their local branch, mobile app, or as a cash pick-up. This bank also integrates with a few popular money transfer services like MoneyGram and Western Union.

Traditional banks are all well and good - but which bank is the best in Nigeria among fintech alternatives? Take a look at Kuda Bank. Styling itself as a "microfinance bank", this platform focuses on providing low-fee money transfers and other features increasingly valued by fans of mobile banking, such as flexible savings options and an all-in-one bill payment platform.

To begin with, Kuda is possibly the best online bank in Nigeria for free money transfers. Unlike many competitor apps that boast zero-free transactions between other users, each Kuda account comes with a generous monthly allowance of 25 free transfers to other banks. However, the fee for subsequent transactions is 2%, which is quite pricey compared to most alternatives.

Kuda app has integrations with the major electricity, mobile, and internet providers in Nigeria, letting users easily pay their bills or top up airtime directly from the app. You can also pay for bus, train and ferry tickets in Lagos by topping up your Cowry wallet, or pay for a DStv, Showmax, GOtv, or StarTimes subscription.

Like most neobanks these days, Kuda has a debit card. You can order one on the app and pick it up from one of the agent locations or book a home delivery. It has a daily ATM withdrawal limit of NGN 100,000 and a daily transaction limit of NGN 1-2 million for online or POS terminal payments, respectively. There's no maintenance fee, but the delivery costs NGN 1,000.

One of the benefits of digital banks VS their traditional counterparts is higher interest rates, and Kuda definitely knocks it out of the park in this area. Its Fixed Savings plan yields an annual interest rate of up to 12%, though it doesn't allow early withdrawals. Meanwhile, the Spend+Save feature lets you set aside a percent of each purchase as a way to automate a small-scale savings plan with zero effort.

On top of all that, Kuda has a selection of US stocks for easy investment opportunities. You can create a stock trading account in just a couple of clicks and buy a minimum of $10 in shares. However, the minimum allowed deposit is $20. Kuda will automatically convert the NGN in your account balance to USD when buying stocks.

Headquartered in Lagos, this multinational bank has 820+ business locations on the continent and an agent banking network with more than 233,500 locations across Nigeria. Its lineup of products and services includes current and savings accounts aimed at both resident and non-resident Nigerians, a mix of credit/debit cards, loans, and more.

This bank might not be the best bank in Nigeria for sheer variety of accounts, but it still offers an adequate range. Current Account requires an initial deposit of NGN 5,000, but no minimum balance after that, and no monthly withdrawal limit. It has a monthly maintenance fee of NGN 1/NGN 1,000. FirstCurrent Plus, on the other hand, has a higher initial deposit of NGN 50,000 and a maximum of 10 monthly ATM withdrawals, but no maintenance fee.

First Bank of Nigeria has several types of savings accounts. FirstInstant is a hassle-free option that requires next to no documentation to open (only a passport photo), while Savings Account is the standard pick, requiring an initial deposit of NGN 100. There are also accounts for teenagers (ages 13 to 17), children (under 12), and women. Sadly, this bank's interest rates are lower than most competitors' at ~4.2 p.a.

First Bank of Nigeria has integrations with many of the most popular money transfer apps, including Western Union, WorldRemit, and MoneyGram. What's more, it has launched its own remittance platform, First Global Transfer (FGT), that provides seamless money transfers throughout the bank's subsidiaries in Ghana, Gambia, Sierra Leone, Guinea, Senegal, and the DRC.

You'll find credit, debit, and prepaid cards by Visa, Verve, and Mastercard. The Virtual Visa debit card is a great option for those who only need a card for online purchases, while the Multi-Currency debit card (the first of its kind among Nigerian banks) can be linked to any or all of your NGN, GBP, USD, and EUR accounts. Naira Mastercard is one of the most popular picks among debit cards, allowing up to 10 daily ATM withdrawals.

The bank's mobile app is an adequate replacement for its online banking platform, supporting funds transfer, bill payment, and card management features. When it comes to mobile banking, one of the more unconventional services you'll find is Chat Banking through WhatsApp. You can use it to check your account balance, send money, pay bills, or purchase airtime.

Founded in 1988, Fidelity Bank might not be the best bank to use in Nigeria in terms of a long track record, but it still has enough to offer. You'll find a mix of current accounts, several types of savings accounts aimed at specific demographics of users, digital banking services, and a selection of financing products.

Fidelity's Individual Current Account is designed for both private individuals and business owners. There's no minimum balance, only a 1 NGN/mille maintenance fee. Premium Current Account is a step above, offering a 0.5% annual interest rate, access to Priority Pass Card, and advisory services, with a minimum operating balance of NGN 5,000 (Basic) or NGN 200,000 (Prime).

For those who've set their eyes on more impressive returns, High Yield Savings Account is a much better value for money. It has a tiered interest rate structure of 8.35% to 8.85% p.a., depending on your account balance. However, to remain eligible for earning interest, you're allowed a maximum of only 3 withdrawals per month. Other savings accounts offer lower interest rates in exchange for more flexible withdrawals.

Unlike most other banks on this roundup, Fidelity Bank doesn't feature a prepaid card option, but you can choose between 4 types of credit or debit cards each. Visa Debit Card comes in a USD or NGN-denominated version and supports international ATM withdrawals, while Verve Debit Card can only be used in select African countries.

Among Fidelity Bank's digital banking services, you'll find *770# banking (a keypad-based instant banking option available offline from any phone or other device) and a no-nonsense online banking platform alongside a mobile app. Both the web and mobile platforms support money transfers, bill payments, and purchasing airtime, but the mobile app still lacks some features, like the option to manage transaction limits.

On top of all that, Fidelity Bank has various diaspora banking services: current and savings accounts meant for non-resident Nigerians, domiciliary accounts in foreign currencies, and Diaspora Mortgage (the first of its kind in Nigeria, offering high interest rates and a flexible repayment plan). This bank integrates with 10 money transfer services in total, including WorldRemit, MoneyGram, and Western Union.