NGN bank deposits are available only to eligible Nigerian residents when the option and usable bank details are shown in their Cash account. Provider identity requirements, including BVN/NIN checks where applicable, can prevent account provisioning even after general verification. Follow only the actions offered in Cash; do not send funds while details are missing or provisioning is blocked. NGN local payouts have separate eligibility checks and are available only when offered in your account.
NGN bank transfer deposits convert NGN to USDC. Fund from a bank account in your own name. For an outgoing Local transfer, the recipient receives NGN; choose only the source assets actually offered under Pay with. Deposit eligibility does not establish payout eligibility, and the deposit fee schedule does not describe payout costs.
The button and field names below are the English web labels; your selected language may show translated labels.
How to deposit
Open https://www.ether.fi/app/cash/bank and choose Select currency → Nigerian Naira (NGN). Choose NGN bank transfer if the method picker appears.
Complete only the onboarding, terms and verification actions shown for your account. Wait until usable Bank details are displayed; a pending or restricted screen is not an instruction to send money.
Review the asset you will receive, the fee and Processing time. Copy the bank details exactly as displayed, including the payee name, account identifier and any transfer instructions or reference actually shown. Do not reuse details for another currency or method.
In your own bank, make a NGN transfer from an account in your own name using those details. Follow any amount or expiry instructions shown. Check the transfer status in Cash after sending.
Use only the bank, account number, account name and any other details actually shown for your NGN deposit. Do not guess a Nigerian institution number, use a payout recipient as your deposit destination, or send to details issued for a different currency. If identity requirements cannot be completed through the displayed flow, contact ether.fi Support; do not submit BVN/NIN through an invented process.
How to send to a bank account
Open https://www.ether.fi/app/cash/send → Send → New Recipient (Add Recipient). Under Currency → Fiat currencies, select NGN; use Search currencies if needed.
Under Method, choose Local transfer if prompted. A single offered method may skip this step. In Details, enter the fields listed below, then select Continue.
Check Review and select Save Recipient. Choose the saved recipient. Complete Start Verification if prompted; availability or compliance checks can prevent you from continuing.
Choose an available asset under Pay with. Check which currency or asset the amount field uses before entering an amount. Review the recipient amount, source-asset total, Exchange rate, Fee and arrival estimate; observe the limits shown.
Select Review. In Confirm Payment, check Recipient Details and Transfer Details. Supply a Purpose Code only if requested, and a memo only if supported. Confirm with Sign & Send.
Select View in History to check the latest status. Submitted or initiated does not mean the bank has received the funds.
Recipient fields
Nickname; Beneficiary Name; Financial Institution (select the actual recipient bank from the offered choices); Account Number. Email is optional. If it is your own bank account, check This is my own account; do not leave it unchecked for an own-account payout. Do not check it for someone else. Any non-self recipient remains subject to the method’s availability and recipient checks; this guide does not guarantee that every recipient is eligible.
Fees, exchange rates and timing
The NGN deposit schedule has a 0.50% FX fee, with no fixed deposit fee or separate variable transfer fee in that schedule. Check the fees and exchange rate shown for your transfer before sending; the displayed terms and quote determine the actual outcome. Payout fees are quoted separately—do not apply the deposit’s 0.50% to payouts. Deposit processing is estimated in minutes; local payout processing is estimated at 1–2 days. Check the displayed estimate: neither instant crediting after receipt nor these processing estimates guarantee end-to-end bank arrival.
Illustrative walkthrough
To illustrate a payout intended to deliver 100 NGN, choose an eligible NGN recipient and an offered source asset. Check the amount-field unit, then adjust the amount until the quote shows 100 NGN for the recipient, if permitted by the displayed limits. Read the source-asset total and fee separately. Do not assume typing 100 means 100 NGN, or that 100 NGN equals 100 USDC. For a deposit, the displayed conversion gives a USDC amount; no exchange rate or net amount is invented here.
If a transfer is delayed or needs information
Open Transaction History and select the transfer. If it shows Action Required, select Provide details, answer the specific questions, upload the requested documents and submit your response there. If a response deadline is shown, submit before it expires. This request does not automatically mean rejection; submission does not guarantee approval or immediate completion. Check History for updates.
If there is no action to complete and the displayed estimate has passed, contact ether.fi Support with the transfer reference, amount, date and proof of payment if available. Do not contact the banking partner directly. For a failed or returned transfer, ask Support to check the status and available next steps before sending it again.
Common questions
What if the option is missing? Use only methods and bank details available in your account. A currency listed in a guide does not enable a rail or complete verification. Contact ether.fi Support if you need help checking availability.
Can I cancel or get a refund immediately? Do not assume a submitted transfer can be cancelled or that a return has completed. Check its status and ask Support about the available next steps; no refund deadline is promised here.