Disclosures & Tariff

Bompai Microfinance Bank Limited is licensed by the Central Bank of Nigeria (CBN) as a State Microfinance Bank with operational reach across Kano State and beyond. We are supervised by the CBN's Other Financial Institutions Supervision Department (OFISD).

Deposits with Bompai are insured by the Nigeria Deposit Insurance Corporation (NDIC) up to the maximum coverage prescribed for microfinance banks (currently ₦200,000 per depositor). This protection is automatic — you do not need to apply.

The following rates are indicative and reviewed monthly. The applicable rate for your product is shown on your account opening pack and statements.

• Easy Savings: up to 7.5% p.a. (interest paid quarterly, conditions apply).
• Target Savings: up to 10% p.a. on goal completion.
• Bompai Boost Fixed Deposit: up to 14% p.a. (30/90/180/365 day tenors).
• Current Account: non-interest-bearing.
• Salary Advance: from 4% flat/month; Trade & SME loans: from 3.5% reducing/month.

• Account maintenance fee (current): ₦1 per ₦1,000 on customer-induced debits, capped per CBN rules.
• Savings accounts: no maintenance fee.
• NIP transfer (out): ₦10 (≤₦5,000), ₦25 (₦5,001–₦50,000), ₦50 (above ₦50,000), plus 7.5% VAT.
• USSD per session (*977#): ₦6.98 (telco charge, where applicable).
• SMS alert: ₦4 per alert (debit alerts only).
• Card issuance (Verve/Visa/AfriGO): ₦1,000; replacement: ₦1,000.
• ATM withdrawal: free at Bompai ATMs; ₦35 after 3rd off-us withdrawal in a month.
• POS withdrawal at agent: ₦100 per ₦5,000 (capped per CBN agent banking framework).
• Cheque book (50 leaves): ₦2,000.

We will give you at least 30 days' written notice (via email, SMS, in-app or branch notice) before any increase in fees or material change to our tariff. You have the right to close your account without penalty within that period.

Where you report an unauthorised electronic transaction within 24 hours, your maximum exposure is limited per the CBN Consumer Protection Framework. We will provisionally credit eligible disputes within prescribed timelines while investigation continues.

"Bompai Microfinance Bank Limited is licensed by the Central Bank of Nigeria. Deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC) up to the prescribed limit."