Instant bank transfer

Virement bancaire NIP: getting paid in Nigerian Naira after selling crypto

The Nigerian instant transfer reaches any ten-digit NUBAN account, at a traditional bank as at a digital one. The rail runs continuously.

NGN
1 country
under 5 minutes
0.50%
Open

The rail in numbers

All these values come from the catalogue published on this site, and are republished as soon as our own measurements contradict them.

Technical nature: Instant bank transferSettlement in individual messages: the receiving bank must answer within seconds. That is what makes the rail usable at night and on weekends.
Settlement currency: NGN — Nigerian NairaIf this is not your account currency, your bank applies its own conversion on arrival. That cost does not go through us and does not appear in our breakdown.
Settlement delay (p50 / p95): 3 min / 1 hThe median describes the common case, the p95 the slow one. We show both: a median alone hides exactly what worries you.
Operating window: Continuous, weekends and holidays includedNo cut-off: orders are processed continuously, nights and holidays included.
Min – max per operation: NGN 5,000.00 – NGN 5,000,000Bounds belonging to the rail. An amount above the cap is split into several payouts, which multiplies any fixed fee accordingly.
Rail fee: 0.50%Its own line in the breakdown, next to the network cost and our spread.
Coverage: 1 countryLocal rail: the country carries its own information (identifier, limits, reporting framework), so each country gets its own corridor page.
Data verified on: 2026-09-02Date of the last manual review of this rail’s delays, limits and fields. Data not reviewed for a long time is suspect data, ours included.

How this rail actually works

The account number is resolved with the destination bank before sending: the holder name comes back to us and we compare it with your identity verification. That check catches most typing errors.

Pick the right bank in the list: the same ten-digit number can exist at several institutions, and it is the bank plus number pair that designates the account.

What makes the delay

This rail processes orders continuously: there is no business day and no cut-off. The gap between the median and the p95 of 1 h comes from the availability of the receiving institution or operator, not from a clearing window.

Details required from the beneficiary

Every field is validated as you type, with the same rule client-side and server-side. That is what prevents most rejected payouts.

Field	Type	Required	Validation rule	Why
Bank	Select	Yes	10 possible values	—
NUBAN account number	Text	Yes	exactly 10 digits · digits only kept	10 digits. We resolve the account holder name with the bank before sending.

Bankaccepted values: Access Bank, GTBank, Zenith Bank, United Bank for Africa, First Bank of Nigeria, Stanbic IBTC, Sterling Bank, Kuda, OPay, PalmPay

The rules shown are the ones actually enforced: there is no “marketing” version of this table differing from the code.

Countries where this rail can pay you

Each country page ranks the rails available there by delay and adds the local reporting framework.

NigeriaNGN

The 18 assets you can sell to Virement bancaire NIP

The asset does not change how the rail works: it changes the confirmation time before the payout leaves, and the spread applied.

Keep going

The catalogue’s three entry points lead to the same place by different routes.

All payout methods The sell catalogue All countries All assets

Frequently asked questions about Virement bancaire NIP

How fast does Virement bancaire NIP credit my account?

under 5 minutes in half the cases, and up to 1 h in the slowest ones. This rail runs continuously, weekends and holidays included. These are market orders of magnitude, not a contractual commitment.

What are the minimum and maximum amounts on Virement bancaire NIP?

Between NGN 5,000.00 and NGN 5,000,000 per operation, in Nigerian Naira. These bounds belong to the rail itself. An amount above the cap is split into several payouts, which multiplies any fixed fee accordingly.

What does a Virement bancaire NIP payout cost?

0.50% for the rail itself. That amount appears as its own line in the breakdown, next to the network cost taken from your deposit and our spread. The lines sum to exactly the gap between the mid-market value and what you receive.

What do I need to provide to receive on Virement bancaire NIP?

2 fields: Bank, NUBAN account number. Every format is validated before the order is accepted, not at send time: a typo is flagged immediately, not three days later as a rejection.

Which assets can I sell to Virement bancaire NIP?

18 assets are offered on this rail. The asset does not change how the rail works: it changes the confirmation time before the payout leaves, and the spread applied depending on whether the asset is stable or volatile.

Any pitfall to know about Virement bancaire NIP?

Pick the right bank in the list: the same ten-digit number can exist at several institutions, and it is the bank plus number pair that designates the account.