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.

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Virtual account coverage

  • GTbank
  • Providus
  • Fidelity

Virtual cards coverage

  • Naira (Mastercard)
  • USD (Visa)

Bank account coverage

  • Safe Haven MFB

Pricing

a. Virtual account

Account TypeCreation FeeInward Transfer FeeOutward Transfer FeeAccount to an Account Fee
DepositNGN 00.6%, capped at 1,000NGN 20 per transfer, VAT inclusiveNGN 20 VAT inclusive
CollectionNGN 00.76% + NGN12, capped at 1,000Not available for collectionNot available for collection

b. Virtual USD cards created after August 23rd, 6 pm.

CurrencyCreation FeeFunding FeeMonthly FeeMinimum FundingMax Funding At A TimeMax Card Balance
USD$ 0.8 per card$ 1.5 per funding$ 2.5 per active card$10$10,000$10,000
NGNNGN 50FreeNGN 100NGN 100NGN 1MNGN 1M