The digital-focused bank announced the introduction of its “Near-Zero” fee policy, allowing customers to carry out transactions at a flat rate of just ₦5, despite the newly approved ₦1,500 charge for ATM card issuance and maintenance within the banking industry.
The move is part of Dash’s broader strategy to promote financial inclusion and make digital banking more affordable for everyday Nigerians navigating increasing service costs.
According to the bank, the initiative is designed to ensure that students, traders, salary earners and small business owners can continue to move money conveniently without being overwhelmed by high transaction fees.
Speaking on the development, the Managing Director and Chief Executive Officer of Dash Microfinance Bank, Rotimi Awofisibe, said the institution remains committed to simplifying banking experiences for customers.
“We believe that banking should be easier and made just for you,” he said.
He explained that the decision to maintain ultra-low transaction fees was influenced by concerns about the impact of rising banking charges on ordinary Nigerians.
“With the new ₦1,500 card charges, we wanted to find a way to give back to our customers,” Awofisibe stated. “By offering ₦5 transactions, we are empowering the student, the trader and the professional to move money freely without the fear of high service costs.”
Beyond low-cost transfers, Dash said it is positioning itself as a lifestyle-focused digital banking platform tailored to the daily needs of Nigerians.
The bank highlighted several features integrated into its ecosystem, including instant top-ups for transport services such as Shuttlers, utility bill payments for electricity, DStv and GOtv subscriptions, as well as fast wallet funding for sports betting platforms.
Dash also noted that its Point of Sale terminals are designed to support small and medium-scale businesses with high transaction success rates and next-day settlements.
In addition, the bank said customers can access competitive fixed deposit savings options aimed at encouraging long-term financial growth and stability.
The company described the “Near-Zero” initiative as part of its mission to build a more accessible and technology-driven banking system that aligns with the realities of modern Nigerian consumers.
As digital banking adoption continues to rise across the country, financial institutions are increasingly under pressure to balance innovation with affordability, especially at a time when customers are becoming more sensitive to transaction costs.
Dash Microfinance Bank says it hopes the latest policy will help users retain more of their money while enjoying seamless banking services in their daily lives.
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