Boldswitch fee overview
A plain-language summary of the fees you may see on Boldswitch and how they're set.
Last updated June 18, 2026
Boldswitch keeps fees simple and clear. Here's a quick overview of what you might see and the exact amounts.
Types of fees
| Fee | What it costs |
|---|---|
| Boldswitch to Boldswitch transfer | Free |
| Transfer to other banks | ₦25 per transfer (capped at ₦50) |
| Stamp duty | ₦50 on transfers of ₦10,000 or more |
| Convert NGN to USD | 0.5% applied to the exchange rate |
| Convert USD to NGN | 1% applied to the exchange rate |
| USD virtual card creation | $3 |
| NGN virtual card creation | ₦1,000 |
Internal Boldswitch-to-Boldswitch transfers are always free. Each membership tier also includes a number of free daily transfers to other banks before the ₦25 fee applies.
How fees are shown
Before you confirm a transaction, the app shows the exact fee and the total. There are no hidden charges — what you see is what you pay.
Tip: Higher membership tiers come with more included free daily transfers — Starter gets 0, Elite 2, Gold 3 and Diamond 5.
Dig into the details: Transfer fees explained, FX conversion fees, Card fees and Stamp duty on transactions.