Dash MFB Introduces N5 Transaction Fee for Customers

Dash Microfinance Bank (MFB) has announced a new policy to charge a flat rate of N5 for transactions, aiming to support its customers in the evolving financial landscape of Nigeria. This initiative comes in response to the Central Bank of Nigeria's recent decision to peg ATM card issuance and maintenance fees at N1,500.

The Managing Director and CEO of Dash MFB, Rotimi Awofisib, emphasized the bank's commitment to minimizing costs for customers, particularly in light of the increasing financial burdens faced by many Nigerians. The N5 transaction fee is designed to empower students, traders, and professionals to move money freely without the fear of high service costs.

Additionally, Dash MFB aims to distinguish itself by integrating seamless daily routines for users, offering a reliable banking experience with features such as instant payments and a competitive fixed deposit account for long-term wealth growth. The bank encourages Nigerians to join its platform for a faster, cheaper, and more reliable banking experience.