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Alex ejike
Alex ejikeStarter
Asked: September 1, 20262026-09-01T11:50:32+00:00 2026-09-01T11:50:32+00:00In: BANKING & FINANCIAL SERVICES

What Does the New ₦21,500 Monthly SME Account Fee Mean for Nigerian Business Owners?

Please an analysis to this message I got from my bank this morning. Does it imply that I will be charged the said levy on what I have in my sme account even if I did not transaction.:

From 1 Sep 2026, revised charges apply to your SME Small Business Account. The standard monthly fee will be N21,500, VAT inclusive. T&Cs apply.

sme account charges nigeriasme bank account fee
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