OPay charges N10 as bank transaction fee and most of its users believed that is the standard fee, but unfortunately, OPay has now introduced a 1% transaction fee on bank transfer services.
Before now, the app charges N10 when users made transactions from their OPay wallets to regular bank accounts. This fee will no longer apply; you will now be charged N45 for every first transaction made in a day. Subsequent transactions will attract a flat 1% processing fee.
Initially, it was unannounced 2% transaction fee as at Tuesday morning, but the company was forced to return it to 1% transaction fee when users were reacting negatively online.
Meaning if you are going to transfer N100,000 from the app to any bank account, instead of paying N10 transaction fee, you’ll now pay N1000 (1%) processing fee. If it’s the first transaction you are making for that day, you’ll only be charged N45 processing fee.
We have now reviewed our bank transfer fees and from 6 AM tomorrow, the fee for our bank transfers will be N45 for the first transaction of the day and 1% for subsequent ones.
Again, we apologise. Thank you for your understanding.
— OPay (@OPay_NG) November 5, 2019
Nigerian users have kicked against the sudden increase in charges with OPay and have been reacting negatively online. Bank excessive charges is one of the major reason why most individuals prefer to use OPay but the recent development appears to be giving its users a second thought.
Rubies Is An Alternative To Opay App
Rubies bank is another alternative to Opay App that can rescue you, and it seems, as per charges, that might not change that anytime soon. Transfer to any bank in Nigeria regardless of the amount is N21. You also have access to free Debit Verve card, deliverable to any location you are in Nigeria.