Issuing Overview
Mono issuing
Instantly issue Bank accounts, Virtual Naira accounts and Virtual USD/Naira cards to your customers. We've done the hard work of partnering with the major financial institutions in Nigeria to instantly make it easy for you to start issuing.
Virtual account coverage
- GTbank
- Providus
- Fidelity
Virtual cards coverage
- Naira (Mastercard)
- USD (Visa)
Bank account coverage
- Safe Haven MFB
Pricing
a. Virtual account
| Account Type | Creation Fee | Inward Transfer Fee | Outward Transfer Fee | Account to an Account Fee |
|---|---|---|---|---|
| Deposit | NGN 0 | 0.6%, capped at 1,000 | NGN 20 per transfer, VAT inclusive | NGN 20 VAT inclusive |
| Collection | NGN 0 | 0.76% + NGN12, capped at 1,000 | Not available for collection | Not available for collection |
b. Virtual USD cards created after August 23rd, 6 pm.
| Currency | Creation Fee | Funding Fee | Monthly Fee | Minimum Funding | Max Funding At A Time | Max Card Balance |
|---|---|---|---|---|---|---|
| USD | $ 0.8 per card | $ 1.5 per funding | $ 2.5 per active card | $10 | $10,000 | $10,000 |
| NGN | NGN 50 | Free | NGN 100 | NGN 100 | NGN 1M | NGN 1M |
Updated 7 months ago