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The bank is licensed and regulated by Central Bank of Nigeria (CBN) and insured by the Nigerian Deposit Insurance Corporation (NDIC)

Yes, we have a microfinance banking license from the Central Bank of Nigeria. Our registration number is RC 796975.

We don’t have branches (because you don’t need branches). CEMCS MFB runs entirely on your phone (with an internet connection) and we’ll deliver your debit card to any address in Nigeria. Because we don’t have branches, we save a lot of money. That’s why we can afford not to charge you ridiculous fees and pay you more interest than most banks.

We’ll give you 25 free transfers every month if you sign up with your Bank Verification Number (BVN). Extra transfers will cost you 10 naira each.

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