How to Bypass The N52.50 Transfer Charges When Performing Inter Bank Transfers

We understand that this is a festive period and you are going to make a lot of transfers; to save yourself of the abnormal inter-bank transfer charges of N52.50 plus value-added tax, you can make use of any of the following apps.

Rubies Bank: Rubies bank is a digital bank that only charges N21 transfer charge to any bank of your choice. We’ve discussed extensively on it here.

Banks

How to Bypass N52 Transfer Charges Using OPay Wallet.

You can bypass the transfer charges using OPay wallet app.

1. Download Opay from Google play Store

2. Register on Opay app if you are not yet on it. Very simple and straight forward. (You don’t need anybody to guide you).

3. Your account number is your phone number on Opay app without the first zero e.g 8055556666.

4. You can fund your Opay app using your ATM card without any charges or fund it through an Opay agent nearness to you.

5. If the person you want to transfer to is also using Opay. You can scan the QR code of that person. You will still get extra cash for using QR code to transfer.

6. If the person is using a bank. Your first 3 bank transfer on Opay is free of charge while others are transferred at the rate of N10.

You can still use your Opay app to

  1. Buy Airtime at N90 (10%off)
  2. Data Subscription
  3. Pay your Gotv, DStv and startime
  4. Pay electricity.

The simplicity of the app makes it easier to use, and I bet you are going to fall in love with the app. Most time, you get up to 40% discount on airtime purchase which you won’t get elsewhere.

Let us know what you think in the comment.

Spread the love

15 thoughts on “How to Bypass The N52.50 Transfer Charges When Performing Inter Bank Transfers”

      • It’s not really, you can open your account within 5minutes on your smartphone through their mobile app and you start enjoying all the benefit that comes with it. Standard Chartered bank is still the best with no charges whatsoever, you can actually open a standard account through their mobile app without stepping into any of their branch and your ATM will be deliver to your home free of charge

        Reply
    • Hmhm. Opay charged me N10 for my very first transfer to another bank 2nd January 2020 even as an agent with KYC level 3 😭😩. Rubies has reduced inter bank transfer fee to N10 too. No need for u to port to Opay.

      Reply
  1. I use a sporty bet app to deposit money from my bank account, then withdraw funds to the bank I want to send or transfer money to.

    Reply
  2. Standard Chartered bank is still the best with no charges whatsoever, you can actually open a standard account through their mobile app without stepping into any of their branch and your ATM will be deliver to your home free of charge

    Reply

Leave a Comment