Are there fees for card usage?
POS transactions are free. ATM withdrawals cost ₦25 per withdrawal. Card maintenance is free for all tiers. Virtual card creation is free with a ₦200 ...
Last updated August 5, 2026
Card fees on Cashmatrix are transparent and affordable.
Physical card fees
| Service | Fee |
|---------|-----|
| Card issuance (Classic) | ₦1,000 |
| Card issuance (Premium) | ₦5,000 |
| POS transactions | Free |
| ATM withdrawals | ₦25 per withdrawal |
| Card maintenance | Free |
| Card replacement | ₦1,000 |
Virtual card fees
| Service | Fee |
|---------|-----|
| Card creation | Free |
| Monthly maintenance | ₦200 |
| Funding | Free |
| Transactions | Free (standard exchange rates apply for international payments) |
ATM withdrawal limits
- Minimum per withdrawal: ₦100
- Maximum per withdrawal: ₦100,000 (ATM dependent)
- Daily limit: Same as your POS/ATM card limit
Tips
- Use POS for free transactions instead of ATM where possible.
- Keep your virtual card for online payments to avoid physical card fees.
- Check your card limits in the app before making large purchases.
Tip: Card maintenance is free for all tiers. You won't be charged monthly fees just for having a card.
Need a hand? Email hello@cashmatrix.ng.