Bank transfer fees are simple and affordable.

Transfer fees

| Transfer type | Fee |

|--------------|-----|

| Under ₦5,000 | ₦10 flat |

| Above ₦5,000 | ₦25 flat |

| Bulk transfer | ₦25 per recipient |

| To Cashmatrix business | Free |

Fee examples

| Transfer amount | Fee |

|----------------|-----|

| ₦1,000 | ₦10 |

| ₦4,999 | ₦10 |

| ₦5,000 | ₦25 |

| ₦100,000 | ₦25 |

| ₦5,000,000 | ₦25 |

Tips

• Transfer to other Cashmatrix business accounts for free.
• Use bulk transfers for payroll — ₦25 per recipient regardless of amount.
• Keep the transaction reference for your records.

Tip: Encourage your suppliers and partners to join Cashmatrix for free transfers.

Need a hand? Email hello@cashmatrix.ng.