What differentiates Mkobo from other banks?

• Related Articles

• How is Mkobo different from other banks?

  Mkobo is a digital bank offering transparency and fair banking practices. It operates solely on your phone (with internet access) and delivers debit cards to any address in Nigeria.

• Is my money safe with Mkobo?

  Yes, your money is safe with us. We secure all accounts with the same high-security encryption used by regular banks and we are transparent in all our dealings. In addition to the high security encryption, we offer extra protection by ensuring that ...

• Is Mkobo a licensed bank?

  Mkobo Microfinance Bank is licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC).

• What do I need to open a Mkobo account?

  To open an account with Mkobo, you must be at least 16 years old, own a BVN, a phone number and an email address or an already existing account number.

• How does Mkobo make money then?

  We charge a flat withdrawal fee for each transaction. A minimum of N500 and Maximum of N1,000 for earlypay withdrawal above N10,000