What are the Transaction Fees?

What are the Transaction Fees?

What are the Transaction Fees?


  • For Deposits - Squareme will automatically deduct NGN50 on each deposit made to the virtual account provided after signing up, Please note this is irrespective of the amount you deposit.

  • For withdrawals - Squareme will deduct a N40 fee for each withdrawal made to your bank account. Please note this is irrespective of the amount you withdraw. Our fee is capped at N40 per transaction.


NOTE: Transfer to other squareme users is free of charge