Affordability First: Dash Lowers Fees as Card Charges Increase

In response to the recent Central Bank of Nigeria (CBN) policy setting ATM card issuance and maintenance fees at ₦1,500, Dash Microfinance Bank has announced a new “Near-Zero” fee structure with transactions now costing just ₦5.

The initiative aims to cushion the impact on customers as they adjust to higher industry costs. As Nigeria’s economy continues its digital transformation, Dash is positioning itself as a leader in financial inclusion by minimizing barriers to digital payments.

Balancing Cost and Access

“We believe that banking should be easier and made just for you,” says Rotimi Awofisibe, MD/CEO of Dash. “With the new card charges, we wanted to give back to our customers. By offering ₦5 transactions, we’re empowering students, traders, and professionals to move money freely without worrying about high service costs.”

The flat-rate fee provides a necessary buffer while ensuring banking remains accessible despite rising operational expenses.

Beyond Transactions: A Complete Financial Solution

Dash differentiates itself with features tailored to daily Nigerian life:

• Seamless Transit: Instant top-ups for transport wallets like Shuttlers
• Entertainment Ready: Fast funding for betting platforms
• Essential Payments: Pay electricity tokens, DStv, and GOtv subscriptions
• Business Support: POS terminals with high success rates and next-day settlements
• High-Yield Savings: Competitive fixed deposit accounts for wealth growth

With a focus on simplicity, reliability, and affordability, Dash is redefining the banking experience in Nigeria.