Dear Customer,

Providus Bank has notified us that they will be retrieving dedicated account number that hasn't been used 30 days after creation.

Hence, if we have generated a Providus Bank account for you, and you intend to keep it, kindly endeavour to transfer at least 500NGN to the account on or before 1st September, 2022.

This only affects Providus Dedicated Bank accounts, other dedicated bank accounts provided by Monnify such as Wema, Sterling and MoniePoint MFB will remain functional.

The only advantage of Providus over Monnify Dedicated account is that Providus does no charge any gateway fee for funding whereas Monnify charges a 0.75% fee + VAT capped at 107.5NGN.