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Stamp Duty is a regulatory levy of ₦50 applied to eligible electronic money transfers in Nigeria. It replaces the previous Electronic Money Transfer Levy (E...

It is a flat fee of ₦50 per eligible transaction

You pay the Stamp Duty when you send money. The charge is now fully on the sender. The person receiving the money gets the full amount you intended to send,...

When you initiate a transfer, the system will add ₦50 to the total amount deducted from your account. The deduction is: Total Deducted from You = Transfer A...

No. The recipient will only see and receive the exact amount you sent. The ₦50 Stamp Duty is your cost as the sender and is not visible or deducted from the...

Unfortunately, your transaction will be declined. To complete a transfer, your account balance must be sufficient to cover the full transfer amount, the ₦50...

No. Stamp Duty is only applied to transactions that meet specific regulatory eligibility criteria set by Nigerian law. The system automatically checks if yo...

Before you confirm any transfer, you will see a clear breakdown of all charges. If Stamp Duty applies, it will be listed as a separate line item (e.g., &quo...

This is due to a change in the law. The old Electronic Money Transfer Levy (EMTL) was charged to the recipient. The new Stamp Duty regulations have shifted ...

You can find it in your transaction history or statement. The ₦50 Stamp Duty charge will appear as a separate entry associated with the outgoing transfer.