5 Best Online Bank Apps You Should Try In Nigeria

Hello readers, we the recently increasing number of financial institutions in Nigeria, similarly digital banking system also become more acceptable in recent years.

This is because must of these banks have less transaction fee, fast transaction, easy banking system, past customer service, and more accessible than traditional financial institutions.

With digital banking, one can easily open an account using a mobile application without going to the bank.

What makes digital banking more effective is one can do all bank activities using the bank app without striving to go to the bank.

Activities such as bank account opening, identity verification, address verification, ATM card request, bank transfer, bill payment, loan request are all carried out online in digital banking without going to the bank.

In Nigeria, due to many people adopting this banking system, there are several digital banking operating online with the regulation of the central bank of Nigeria.

However, some of these digital banking apps have more effective services than others based on customers satisfaction and review. Below are the top five digital banking apps that one can use in Nigeria:



Vbank is among the leading and pioneer digital bank in Nigeria. The bank is owned and managed by VFD Microfinance Bank, Licensed by The Central Bank of Nigeria.

Vbank is a Lagos-based financial services institution operating as a dynamic bank under the microfinance banking sector.

One can open an account as fast as two minutes without any paper or written application required.

They offer a wide range of financial products and services to small businesses and entrepreneurs across all sectors, intending to help all customers achieve their desires, solve intermittent problems and create wealth through high yield savings accounts and low-interest rates on loans.

Part of the interesting thing about this bank include:
Users can open an account in 2 minutes, No paperwork is required, Cardless withdrawal on ATMs, Fixed Deposit, Budgeting, Loans, Target savings, Business products, etc.

Similarly, users can also become agents and make money by referring people to open accounts in the bank.


As the name implies, Kuda bank is among the best and most popular digital banks in Nigeria. The bank is owned by Kuda Microfinance Bank and prides itself on being a free bank.

Some people regard this bank as the best in Nigeria due to its low transaction fee and past transactions.

Among the unique features of Kuda Bank includes:
Users can open an account in minutes. There is also no required paperwork. Users will be given an account number online, Free debit card, Free withdrawal, no card maintenance fee, savings, loans, budgeting, etc.

They also take pride in offering free services, things that other banks will charge customers.

The most interesting thing about Kuda bank is that they offer free ATM cards and transfers.


ALAT is Nigeria’s first fully digital bank owned and managed by Wema Bank. Alert is straightforward and has lots of features that make it more acceptable and effective.

Alert has the following features:
Users can open an account with just a few clicks. No written application is required. Users will be given an account number online, savings, transfers, and payments, Instant loans, business products, virtual dollar cards.

4. One Bank

As the name implies, ‘OneBank’ is a digital online bank owned and managed by Sterling Bank. Opening an account with One Bank is simple and easy for non-tech-savvy people.

Among its notable features include:
Users can open an account in minutes, and paperwork is not required, savings, Investing money, borrowing money, bills payment, airtime, data, etc.


The digital bank Sparkle was launched in 2019 by the former Chief Executive Officer (CEO) of the defunct Diamond Bank, Uzoma Dozie.

With SparklePay, customers can send and receive payments using a uniquely generated payment link. Once you create the unique link, you can add a custom message and send it.

Your recipient will open the link via the app or website to access the funds.



Conclusively, one of the notable things about these digital banks is there is no paperwork required to open an account. All you need is a phone number and BVN.

Other information needed are things like your name and address.

However, they also have lower transaction fees and past transactions than ordinary banks. It is important to note that one can get all their apps in Google play store and Apple Store.