---
title: "Mkobo Bank: Digital Bank in Nigeria — Fees"
description: "Access up to 50% of earned salary early at 0% interest in Nigeria. Save with 8–24% p.a. (22% fixed, 90d–1yr, ₦100k)."
canonical_url: "https://liners.com/mkobo-bank"
markdown_url: "https://liners.com/mkobo-bank.md"
type: "product"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/tools/mkobobank/screenshot.webp?v=1773358364328"
published_at: "2026-03-19T18:39:49.367Z"
updated_at: "2026-10-05T15:19:51.339Z"
---

# Mkobo Bank: Digital Bank in Nigeria — Fees

Access up to 50% of earned salary early at 0% interest in Nigeria. Save with 8–24% p.a. (22% fixed, 90d–1yr, ₦100k).

## Breadcrumbs

- [Fintech](/categories/fintech)
- [Mkobo Bank](/mkobo-bank)

## Summary

Get paid early and save with high-interest deposits

A CBN-licensed digital bank in Nigeria for salary earners and entrepreneurs, offering earned wage access, savings up to 24% p.a., transfers, bills, and linked accounts.

## Product details

| Field | Value |
| --- | --- |
| Website | https://mkobobank.com/ |
| Tagline | Get paid early and save with high-interest deposits |
| Primary country | Nigeria |
| Platforms | Android, iOS, Web |
| Average rating |  |
| Published reviews | 0 |
| Verified listing | No |

## About the product

Mkobo Bank is a CBN-licensed, NDIC-insured digital bank and microfinance bank in Nigeria for salary earners, self-employed individuals, entrepreneurs, and companies supporting employee financial wellness.

Key capabilities include:

- **Earlypay (earned wage access):** lets eligible users access up to **50% of already earned salary** anytime before payday at **0% interest**, positioned as an alternative to payday loans.
- **Savings and fixed deposits (Mkolo):** goal-based savings and fixed deposits with interest **from 8% to 24% per annum**; the site highlights **22% p.a.** fixed deposits with terms from **90 days to 1 year**, starting at **₦100,000**.
- **Transfers, bills, and notifications:** **first transfer of the day** to other banks is free, subsequent transfers cost **₦10 to ₦50**; bill payments are available with **2% cashback**; instant **SMS notifications** are free.
- **SingleView and payments:** **SingleView** shows balances and transactions across linked third-party bank accounts in one app; **@Mtag** enables sending and receiving money using a username instead of sharing account numbers.

Available on **Android**, **Android**, and **iOS**.

Target users include individuals who want early salary access, budgeting, and high-interest savings, plus businesses and employers offering earned wage access as an employee benefit.

Notable in the Nigerian market context, it operates as **MKOBO Microfinance Bank (RC1234231)**, regulated by the **Central Bank of Nigeria (CBN registration 51188)**, and positions its fees around **free account opening**, **no account maintenance**, **no card maintenance fee**, and **immediate failed-transaction reversals**.

## Features

- [Fintech](/categories/fintech): Category
- [B2B](/tags/b2b): Product feature or technology
- [B2C](/tags/b2c): Product feature or technology
- [Bill Payments](/tags/bill-payments): Product feature or technology
- [Lending and Loans](/tags/lending): Product feature or technology
- [Microfinance Bank](/tags/microfinance-bank): Product feature or technology
- [Neobanks](/tags/neobanks): Product feature or technology
- [Savings](/tags/savings): Product feature or technology
- [Nigeria](/countries/nigeria): Market

## Related pages

- [Alternatives](/mkobo-bank/alternatives)
- [Reviews](/mkobo-bank/reviews)
- [Transparency](/mkobo-bank/transparency)

## Access and citation

- [Canonical HTML page](https://liners.com/mkobo-bank)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)