Savings

What is ALAT?

ALAT is Nigeria’s first fully functional digital bank. With ALAT, you can do all your banking transactions without being physically present at a bank.

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Savings

How is ALAT different from a banking app?

ALAT is built from scratch to be entirely digital, making all banking services available to you anywhere you can access the internet. In comparison, a banking app only offers some banking services (typically airtime purchases, bill payments and transfers). With a banking app, you usually still need to go to a physical bank to get a…

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Savings

Why should I use ALAT?

ALAT will save you time with a simple account opening process that takes less than five minutes, help you put money away easily by automating your saving, make sure your bills are paid on time with its scheduled payments feature and deliver a free debit card you can activate, lock and unlock from your phone…

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Savings

Which mobile platforms are supported?

You can use ALAT on iOS and Android devices.

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Savings

How do I open an ALAT account without going to a bank?

You can open an ALAT account easily on from your phone. Install ALAT from the Apple App Store or the Google Play Store, open the app and sign up with your Bank Verification Number and a valid phone number.

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Savings

Must I provide my BVN to open an ALAT account?

Central Bank regulations require you to have a BVN to own a fully functional account. We need your BVN to automatically retrieve your personal information so you won’t need to fill a lengthy form when signing up.

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Savings

How long does it take to open an ALAT account?

Opening an ALAT account from your phone takes about five minutes, a lot quicker than going to a regular bank to open an account.

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What kind of account can I open on ALAT?

With photos of your face and signature, you can open a basic ALAT account. This account is restricted to a balance of 300,000 naira, a single deposit limit of 50,000 naira, and a daily transaction limit of 30,000 naira. When you upload photos of your government-approved ID card and a utility bill, your account will…

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Savings

What documents are required to open an ALAT account?

To open a basic ALAT account, you’ll need to upload a photo of your face and a photo of your signature (sign on a plain piece of white paper). For a full ALAT account, you’ll also need to upload a photo of your government-approved ID card (your international passport, driver’s license, national ID card or…

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Savings

What kind of ID card is required to open an ALAT account?

The standard Central Bank requirements for opening a standard savings account apply to ALAT: you will need to upload a picture of your international passport, your driver’s license, your national identity card or your permanent voter’s card.

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