The invention of smartphones had brought about a lot of changes to our world. One of those changes is the development of banking apps. Which in turn has helped reduce the stress of going to the banks before we can carry out any kind of transaction. For this very reason, I have decided to list out the Best Digital Banking Apps in Nigeria, so sit tight and let’s explore these amazing apps together.
Mind you, these banking apps are not like the traditional bank apps you and I know. They are online platforms that offer banking services just like the commercial banks around. These apps have made a name for themselves in the country, I believe you are curious to know more about them, that is why you are here.
These apps will present to you the freedom to transfer money to any account with no form of charges and their interest is way better than the ones commercials banks give. And they are very simple to operate. These banking apps are registered and are been monitored by the Central Bank of Nigeria, I will not argue that some other apps are owned by scammers.
But these apps I will be listing have strong credibility and are certified by CBN so you cannot be scammed by them. Another thing is that they are simple to operate so do not worry about anything. All you need is to register with them and enjoy easy banking.
The Best Digital Banking Apps in Nigeria in 2021
Kuda Bank-Best Banking App In Nigeria
This banking app is one of the popular online digital banks in Nigeria, it’s a free mobile bank with a microfinance banking license from the Central Bank of Nigeria. Kuda helps you to save money and gives you total control of your finance.
There are lots of features found on this app that can be of great benefit to you, these features include using the private mode to hide account balance. On transfers, you get 25 free transfers every month, and to cap it up, you also get a free debit card to any location of your choice in Nigeria.
If you have a problem with saving for the future, just use Kuda saving and budget features, there you can experience how effective the app is and you also get a 15% interest rate annually which your traditional bank doesn’t offer. It also has an overdraft feature where you can get a quick loan before your salary comes but to enjoy this feature, you have to be a constant user of the app.
In case of a missing debit card, you can deactivate the card right there in the app and reactivate it when found. To get a kuda account, all you have to do is to download the app and sign up for free, it won’t cost you anything. Delay in account verification is the only drawback about this app.
There are also no USSD code for transaction, you will not receive any SMS alert when credited or debited. Lastly, the card takes time to arrive. But if you are cool with it, you can join them today and experience unlimited banking.
MyMintApp- Best Banking App In Nigeria
MintApp is a self-service banking platform that gives customers the liberty to carry out series of digital and mobile banking transactions on their account. On Mint your account your rules, means you have the freedom to do whatsoever you want to do with your account.
This app offers different kinds of banking services which include SME banking, personal banking, corporate banking, internet banking, and lots more.
One of the fascinating features of MintApp is the ability to create up to five saving goals for a different purpose, so it helps you to be disciplined.
You can also use the app to pay bills, make transfers to any kind of account without any fee, let me not spill all the benefits get the app if you want to enjoy other features not listed here.
Having doubts about the safety of your money, worry less. The Nigeria Deposit Insurance Corporation, help to secure your funds. And your data is secured according to the Nigeria data protection requirements, so do not panic your money is safe on MyMintApp.
However, you will not get any refer bonus when you refer a friend or a family member and the selfie verification takes time.
VBank
Vbank has over 100,000 downloads on play store that shows you how good the banking app is, this app over a wide range of banking products to professionals and entrepreneurs across all sector of the economy.
Just like the others on the list of Best Digital Banking Apps in Nigeria, Vbank doesn’t charge on transfers, account maintenance is also free of charge. In the Vbank app, there is a feature that allows set up and track your spending budget to get you n check, unlike some apps, this very app supports a USSD banking service and you can order a debit card directly from the app.
And for those of you who love saving, Vbank gives you an 8% interest on your savings. However, new updates can cause the app to misbehave and leads to constant crashing of the app, and updating KYC takes a longer time. But if you feel these setbacks won’t bother you, you can go for it.
AlatbyWema
AlatbyWema is owned by Wema bank, do not panic this app is a fully functional digital bank you don’t have to visit a bank before you can use it. With over 500,000 downloads on Play Store, you know that Nigerians love it.
It offers all the features a digital bank offers from free card delivery to any location of your choice in Nigeria to get a virtual Dollar card for online payments. Account opening is also free and you can request a loan when you regularly use the app with no collateral option available.
It also posses a saving goal feature where you set a target goal for your savings. To be a disciplined saver, you have to try this feature of the app. However, physical card delivery takes time before it arrives.
Onebank
Lastly on the list of Best Digital Banking Apps in Nigeria is Onebank. Sterling bank having the good of the masses at heart, help to develop this app. And it comes with awesome features that will make you go for it. Onebank is highly secure, safe, and convenient. It has positive reviews by those who have used it on Play Store.
According to some the banking app bring a new whole of experience to digital banking. The app offers features like lending, payments, investment, and lots more. All you need to open an account on this very app is your mobile number.
You can also enjoy 100% returns on investments, you can also get quick loans of up to 5 million in few minutes. You can also use the app to pay for airline tickets, internet, and cable bills. It also supports cardless withdrawal isn’t that great.
Howbeit, the mobile app come with a few setbacks of its own. in a case of a failed transaction, it takes like forever for it to be reversed, users complain of bad experience and constant showing of error when trying to sign in. but still is one of the best apps around.
Conclusion
There you have it the Best Digital Banking Apps in Nigeria, I believe you’ve taken your time to go through the review of these apps I listed above and by now know the benefits and drawbacks these apps possess.
If you are one who has a thing for online banking, these banking apps are the very best in Nigeria. However, as you have read from their features above, your job is to install the app that best suits you.
Please do well to share the post on your social media handles it might be of help to someone. Let me know which you might be going for or which of the apps I omitted so I can make updates.
