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Transparent Pricing

Simple, transparent fees. No surprises.

At BellBank, we believe you should always know what you are paying. Here is a complete breakdown of all our fees and charges.

Free Account Opening

No Hidden Fees

Free BellBank Transfers

Personal Banking

ServiceFeeNotes
Account OpeningFree
Account MaintenanceFreeNo monthly charges
Local Bank Transfer (BellBank to BellBank)Free
Local Bank Transfer (to other banks)N10 – N50Based on amount
Airtime PurchaseFree
Data PurchaseFree
Electricity Bill PaymentN50Per transaction
Cable TV PaymentN50Per transaction
Physical Debit Card RequestN1,000One-time card issuance
Card MaintenanceN50/monthAfter issuance
ATM Withdrawal (BellBank ATM)FreeFirst 3 per month
ATM Withdrawal (Other Banks)N35After free usage
SMS AlertsN4/alertPer transaction notification
Account Statement (Email)Free
Account Statement (Stamped)N500Per request

Business Banking

ServiceFeeNotes
Business Account OpeningFree
Business Account MaintenanceFree
Local Transfer (BellBank to BellBank)Free
Local Transfer (to other banks)N10 – N50Based on amount
Bulk Transfers (payroll etc.)N10 per transferMinimum N500
Business Debit CardN1,500One-time issuance
POS Terminal (Standard)Free to qualified businessesRefundable caution deposit may apply
POS Transaction (Card)0.5%Capped at N2,000
POS Transaction (Transfer)N50 flatPer transaction
POS SettlementFreeInstant to BellBank account
Business Account StatementFree (email)Stamped: N1,000
Certificate of Account BalanceN1,000Per request

Merchant & Payment Gateway

ServiceFeeNotes
Merchant Account SetupFree
Card Payment Processing1.5%Capped at N2,000
Bank Transfer Payment1.0%Capped at N1,500
USSD Payment1.0%Per transaction
Payment Link GenerationFree
Invoice CreationFree
Settlement (to BellBank account)Free / Instant
Settlement (to other banks)N50 per settlementNext business day
SoundBox DeviceFree to active merchantsSubject to eligibility
API AccessFreeDocumentation at docs.bellmfb.com

Agent Banking

ServiceFeeNotes
Agent RegistrationFree
Agent POS TerminalRefundable depositTerms apply
Cash Deposit Commission0.5% of amountPaid to agent
Cash Withdrawal CommissionN50 per transactionPaid to agent
Bill Payment CommissionN20 per transactionPaid to agent
Account Opening CommissionN200 per accountPaid to agent
Transfer CommissionN30 per transactionPaid to agent

Important Notes

Things to know about our fees

  • All fees are subject to applicable government levies, including Stamp Duty as required by Nigerian law.

  • Transfer fees are determined by the Nigerian Interbank Settlement System (NIBSS) and are passed on at cost.

  • Fees may be revised from time to time. Customers will be notified at least 30 days before any fee changes.

  • VAT (7.5%) may apply on certain service fees as required by the Finance Act.

  • For enterprise pricing or volume discounts, contact our business team.

For the most up-to-date fee schedule or to enquire about enterprise pricing, please contact our team or visit our Help Center.

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Get an account that suits you.

At BellBank, we understand that every individual and business is unique. That's why we offer a range of accounts tailored to suit your specific needs. Whether you're looking for a personal account, a business account, or something in between, we've got you covered.

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