You will be charged a one-time $10 issuance fee for creating and accessing a Stock account

You will be charged a $1 monthly maintenance fee for having an active Stock account.

Your USD wallet balance will be charged this fee monthly between the 15th - 20th. If your USD wallet is not funded to cover the charge for the month, that fee will be charged to your NGN wallet at the prevailing exchange rate.

For transactions below $10,000:
You will be charged a 0.15% fee of the value of the transaction (We have reduced this fee from 1% to 0.15%)
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For transactions above $10,000:
You will be charged a FIXED fee of $15.

The maintenance fee applies to all active stock accounts, even if you do not have a stock balance or have never traded.

You successfully created a stock account (portfolio) when you visited the Chipper INVEST tab and completed the stock onboarding process. The process required you to verify your address, identity, and other information as requested.

If you completed these steps when you joined Chipper, it means you have a stock account.

Yes, we did. Before implementing these charges, we ensured that we sent a communication to all concerned customers. This can also be found in the message center (the bell icon 🔔 on your Chipper homepage).

This was done to allow customers who were not interested to have sufficient time to opt out before the charges were put into effect.

Unfortunately, this fee is non-refundable. However, we can assist with deactivating your stock account to avoid future charges.

Please reach out to our customer support team to assist with the deactivation of your stock account. The team will be happy to help with your request.