In response to the evolving financial landscape and the latest CBN policy, which sets the charges for ATM card issuance and maintenance at ₦1,500, Dash Microfinance Bank has moved to cushion the effect for its customers. To ensure that banking remains affordable despite industry rising costs, Dash has officially announced its “Near-Zero” fee policy, offering transactions at a flat rate of just ₦5.
According the Managing Director/Chief Executive Officer, Rotimi Awofisibe, this strategic initiative positions Dash as a leader in financial inclusion, directly addressing the pain points of millions of Nigerians by lowering the barrier to digital payments. “Balancing the cost of banking as the Nigerian economy shifts further towards digital-first interactions, Dash Microfinance Bank is committed to ensuring that the cost of moving money remains minimal. By introducing the ₦5 flat-rate fee, Dash is providing a necessary buffer for customers presently adjusting to the updated card charges.
“We believe that banking should be easier and made just for you. With the new ₦1,500 card charges, we wanted to find a way to give back to our customers. By offering ₦5 transactions, we are empowering the student, the trader, and the professional to move money freely without the fear of high service costs.”
Awofisibe said that with a specialized lifestyle niche, Dash Microfinance Bank distinguishes itself by integrating seamlessly into the daily routines of its users. “Beyond the ultra-low transaction fees, the platform is optimized for, seamless transit integration; top up transport wallets like Shuttlers instantly for a friction-free commute. It is also the fastest route to funding betting wallets for the sports community, ensuring no downtime.”
He said that the platform helps in paying essential utilities like electricity tokens, DStv, and GOtv subscriptions within a unified, low-cost ecosystem. It empowers commerce through reliable Dash POS terminals for SMEs with high success rates and next-day settlements. “High-Yield Savings: Competitive fixed deposit accounts that offer a secure haven for long-term wealth growth.”
