Nigeria
activeNeobank
- HQ
- Lagos
- Fee
- Free core account
Bankly
Nigerian CBN microfinance bank. NDIC. Not on the July 2026 46-MFB revocation list.
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6.2Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Microfinance Bank — Bankly Microfinance Bank Limited (Central Bank of Nigeria). Still read the entity on the statement.
If it fails?
NDIC on eligible deposits at the licensed MFB — microfinance cover, not a commercial-bank story. Confirm live membership.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
MFB SKU — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.2
/10 · Mixed
Bankly is a CBN microfinance bank. NDIC follows the MFB, with MFB limits. C-One Ventures bought it in April 2025. CBN revoked 46 other MFB licences on 1 July 2026 — Bankly was not on that NDIC list. Still treat it as a smaller object than Kuda or Wema/ALAT.
What it is
Lagos, 2018. Tomilola Majekodunmi’s firm. The 2025 sale put the licence inside a roll-up. That is not a revocation. It is also not a promotion to commercial-bank class. Score the CBN class, not the acquisition press release.
Best for: Nigerian users who want an MFB with NDIC and already understand that is not Kuda’s licence class.
Last checked 2026-08-28. Not advice.
What it does well
- +Named CBN MFB
- +Not on the Jul 2026 46-name drop list
- +NDIC path exists
- +Not a grey wallet
What to watch
- −Microfinance, not commercial bank
- −C-One integration is a moving object
- −App ratings mixed
- −NDIC MFB cap is not a universal-bank cap
Who holds the money
The account
- Platforms
- iOS · Android
- Account types
- Naira MFB current / savings
- Partner bank
- Bankly Microfinance Bank Limited
- Minimum balance
- ₦0
- Lowest monthly fee
- MFB SKU — confirm live
- Who can open
- Nigerian residents
- Availability
- Nigeria
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal · Business
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- Bankly lists a physical card and a virtual card on mastercard, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
NDIC on eligible deposits at the licensed MFB — microfinance cover, not a commercial-bank story. Confirm live membership.
Who holds the money: Bankly Microfinance Bank Limited
- Central Bank of NigeriaMicrofinance Bank — Bankly Microfinance Bank Limited · Nigeria
Fees
- Monthly
- MFB SKU — confirm live
- FX markup
- Naira product
- ATM
- Network / agent
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- –Halal
- Naira MFB account
- Cards
- Agency / grassroots pitch
- C-One integration in progress
- NDIC path
Score
- Safety25%
- 6.4
- Fees20%
- 7.4
- Features15%
- 6.6
- App15%
- 6.8
- Global15%
- 3.2
- Support10%
- 6.0
Change log
Full logLicence
Not on CBN’s 46-MFB revocation list
C-One Ventures acquired Bankly MFB in April 2025. NDIC at MFB limits. Still not Kuda’s class.
Available in
Straight answers
FAQ
01Is Bankly a bank?
Bankly holds a banking-style licence (Central Bank of Nigeria). Still read the legal entity on the statement, not the app icon.
02How is money protected?
NDIC on eligible deposits at the licensed MFB — microfinance cover, not a commercial-bank story. Confirm live membership.
03Where is Bankly available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Bankly.
04Card and wallets?
Bankly lists a physical card and a virtual card on mastercard, plus Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open Bankly remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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