What are the transfer fees?
Transfers to Cashmatrix accounts are free. Transfers to other banks cost ₦10 flat for amounts under ₦5,000, and ₦25 for amounts above ₦5,000. No hidde...
Last updated August 5, 2026
Cashmatrix offers transparent and affordable transfer fees.
Transfer fees
| Destination | Fee |
|-------------|-----|
| Cashmatrix account | Free |
| Other banks (under ₦5,000) | ₦10 flat |
| Other banks (above ₦5,000) | ₦25 flat |
What's included
- All transfers use the NIBSS Instant Payment (NIP) platform
- Transfers are processed in real time
- No hidden charges or deductions
Other fees
| Service | Fee |
|---------|-----|
| Airtime purchase | Free |
| Bill payment | Free |
| Card maintenance | Free |
| Virtual card creation | Free |
| Virtual card maintenance | ₦200/month |
| Card issuance (Classic) | ₦1,000 |
| Card issuance (Premium) | ₦5,000 |
| ATM withdrawal | ₦25 per withdrawal |
| Stamp duty | ₦50 (on transactions ≥ ₦1,000) |
Tip: Transfers to other Cashmatrix accounts are always free. Encourage your friends and family to join Cashmatrix.
Need a hand? Email hello@cashmatrix.ng.