Fees
Transparent pricing from the previous Raiz website, covering local rails, USD transfers, remittance, cards, and crypto operations.
Naira Transactions
Sending Naira (Below NGN 10,000)
Raiz transaction fee
NGN 15.50
Sending Naira (NGN 10,000 and above)
NGN 50 electronic stamp duty + NGN 35 Raiz transaction fee
NGN 50 + NGN 35
Receiving Naira
No fee for receiving Naira
NGN 0
USD Bank Transfers (Sending)
ACH Transfer
ACH transaction fee
$2
ACH Same Day Transfer
ACH same-day transaction fee
$5
Wire Transfer
Wire transaction fee
$15
International Remittance
International Remittance Fee
No fee for international remittance
$0
USD Receiving
ACH Deposit (Under $10)
Free
$0%
ACH Deposit (Over $10)
Flat fee
1.5%
Wire Deposit (Under $20)
Percentage only
0.5%
Wire Deposit (Over $20)
Flat fee plus percentage
$15 + 0.5%
Card Transactions
Naira Card Transaction
Per transaction fee
NGN 35
Swaps and Currency Exchange
Currency Swaps
No fee for currency swaps
$0
Crypto Operations
Crypto Swap
Fee for crypto swaps
$2
Crypto Deposit
Variable fee based on network conditions
$1 - $2
Crypto Withdrawal (USDT and USDC)
Variable fee based on network conditions
$1 - $5
Virtual Cards and Business Services
USD Virtual Card Top Up
Per top-up transaction
$3
B2B USD Account Creation
One-time business account fee
$10
B2C USD Account Creation
One-time personal account fee
$5