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Frequently Asked Questions
Is Wesley Microfinance bank a registered bank? Yes, we have a microfinance banking license from the Central Bank of Nigeria. Our registration number is RC 798305. What are the services provided by Wesley Microfinance bank? We provide varied array of products and services that you can use and befit from. Click here to see our product and services. What are the services provided by Wesley Microfinance bank? We provide varied array of products and services that you can use and befit from. Click here to see our product and services. What do I need to open a Wesley Microfinance bank account? All you need to open a Wesley Microfinance bank account are as follows: You must have clocked 16 years old, have a functional email address, a registered phone number, BVN, verifiable home or residential address and a means of Identity. Do I need a BVN to have a Wesley Microfinance bank account? Yes, you need a BVN to register a Wesley Microfinance bank account. We ask you to confirm your BVN so we can be sure no one is impersonating you or pretending to be you. When you confirm your BVN, we match your details with the information on the national BVN database owned by the Central Bank. Your BVN is safe and we won’t use it to access your other bank account(s) beyond recognising you. How safe is my money safe with Wesley Microfinance bank? Your money is safe with us at Wesley Microfinance bank. All accounts are secured by high-tech encryption just like your regular banks. Also, all deposits into Wesley MFB are by National Deposit Insurance Commission –(NDIC). In case of any natural disaster and all banks are wiped out, the Deposit Insurance Fund of the National Deposit Insurance Commission (NDIC) is required to pay you up to 200,000 naira as compensation. How do I add money into my Wesley Microfinance bank account? There are several channels to fund or add money to your Wesley Microfinance bank account:

1. By transfer from any Nigerian bank with a bank app or through internet banking.

2. You can add money to your Wesley Microfinance bank account through a Nigerian debit card. Just click ‘Add Money’ on your WesleyMFB dashboard and choose the applicable option.

3. You can also deposit it into your Wesley Microfinance bank account at our partner banks.
Will I get account statements? Yes, you can request an account statement for a specific time period. To request an account statement, tap Account Statement on the app then tap Statements & Reports How do I reach Wesley Microfinance bank if I need help? Yes, you can request an account statement for a specific time period. To request an account statement, tap Account Statement on the app then tap Statements & Reports
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© 2022 Wesley Microfinance Bank Limited (RC 798305).

All rights reserved. If you would like to find out more about which Wesley entity you receive services from, please reach out to us via the in-app chat in the Wesley app. Nigerian banking services offered by Wesley Microfinance Bank (RC796975) with registered address at 21/22 Wesley House, Marina, Lagos, Nigeria. Wesley Microfinance Bank Limited is licensed by the Central Bank of Nigeria. Deposits are insured by the Nigerian Deposit Insurance Corporation (NDIC).
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