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The short answer
Bamboo's help centre lists a 1.4% charge on naira card deposits (capped at ₦2,000), a flat ₦100 or ₦150 on naira bank transfers and 2.9% on USD card deposits. Naira withdrawals carry a ₦45 fee and USD withdrawals a $45 fee, with a $500 minimum. These were the figures on Bamboo's pages as at October 2026; the app shows any trading charge before you confirm an order.
The fees Bamboo publishes, in one table
Bamboo is a Nigerian investment app that gives access to US and Nigerian stocks and to fixed-return funds. Its costs fall into three groups: what you pay to get money in, what you pay to get money out, and what you pay when you buy or sell an investment. The first two are written down plainly in Bamboo's help centre. The third is shown inside the app at the point you place an order, and we could not find a current written schedule for it on the help pages we opened.
These are the Nigeria figures from Bamboo's help centre articles dated 16 June 2026, as at October 2026:
| Action | Channel | Fee Bamboo lists |
|---|---|---|
| Deposit | Naira debit card | 1.4%, capped at ₦2,000 |
| Deposit | Naira bank transfer, ₦10,000 or more | ₦150 flat |
| Deposit | Naira bank transfer, below ₦10,000 | ₦100 flat |
| Deposit | USD card | 2.9% |
| Withdrawal | Naira to a Nigerian bank (minimum ₦300) | ₦45 |
| Withdrawal | USD to a dollar account (minimum $500) | $45 |
Funding costs: card or bank transfer
The cheapest way into Bamboo for most Nigerian users is a naira bank transfer, because the fee is a flat sum rather than a percentage. A card is quicker to set up but costs more once you deposit more than a few thousand naira. Because the card fee is capped at ₦2,000, it stops growing once your deposit passes roughly ₦142,857 (1.4% of ₦142,857 is about ₦2,000).
Worked example: funding ₦200,000 (example only)
- By naira card: 1.4% of ₦200,000 is ₦2,800, but the cap applies, so you pay ₦2,000.
- By naira bank transfer: the deposit is above ₦10,000, so you pay ₦150.
- Difference: ₦1,850 in favour of the transfer on this one deposit.
A USD card deposit is a different case. At 2.9%, putting $100 in through a dollar card costs $2.90; putting $1,000 in costs $29. If you already hold dollars in a domiciliary account, Bamboo's help centre has a separate article on depositing from a USD account, which is worth reading before you reach for a card. Our guide to funding Bamboo in naira or dollars walks through each route.
Withdrawal costs: naira versus dollars
Taking money out to a naira account costs ₦45 per withdrawal, with a minimum of ₦300. Taking it out in dollars costs $45 per withdrawal and the minimum is $500. That flat dollar fee matters a great deal on small amounts.
Worked example: what the $45 fee costs in percentage terms (example only)
| USD withdrawal | Fee | Fee as share of withdrawal |
|---|---|---|
| $500 | $45 | 9.0% |
| $1,000 | $45 | 4.5% |
| $3,000 | $45 | 1.5% |
If you plan to take dollars out, doing it less often and in larger sums keeps the fee share down. If you are happy to receive naira, the naira route is far cheaper in fees, but the conversion rate Bamboo applies then matters more than the fee itself. Check the rate the app shows on the withdrawal screen and compare it with the rate available elsewhere on the same day. See how to withdraw from Bamboo to a Nigerian bank for the steps and timings.
Trading fees and the exchange rate
Buying and selling shares on any broker can carry a commission, and for US shares bought with naira there is also the rate at which your naira becomes dollars. Bamboo's help pages that we opened in October 2026 did not set out a current commission schedule, so we are not quoting one. The order screen in the app shows the cost of a trade before you confirm, and that is the number to rely on.
Three things to look at on the order screen:
- The commission or trading fee shown for the order, in naira or dollars.
- Whether the share price shown is live or delayed, and whether the order is a market or limit order.
- For naira-funded wallets, the exchange rate applied when your naira is converted for a US share purchase.
The exchange rate can cost more than any listed fee, because a small difference across a large sum adds up. A rate that is ₦20 per dollar away from another quote costs ₦20,000 on a $1,000 purchase. Read our explainer on whether to convert dollars to naira now or wait for the wider picture.
What to check first
- Open the deposit screen and confirm the fee for your chosen channel matches what the help centre says.
- Check the minimum withdrawal for your currency before you sell, so the money is not stuck below the threshold.
- For dollar withdrawals, add the $45 fee to your sums and decide whether one larger withdrawal is better than several small ones.
- Read the trading cost on the order confirmation screen before tapping buy or sell.
- Keep a screenshot of each confirmation in case you need to raise a query with Bamboo customer care.
Where Pryme fits
Pryme is not an investment app and does not sell shares. Where it can help is the money either side of an investment: a Pryme account holds NGN, USD, GBP and EUR with local details for each, and Swap shows the rate first with the fee on its own line before you approve, so you can compare a conversion before deciding where to make it.
Questions people ask
How much does Bamboo charge to deposit money?
Bamboo's help centre lists 1.4% for naira card deposits, capped at ₦2,000; ₦150 for naira bank transfers of ₦10,000 or more and ₦100 below that; and 2.9% for USD card deposits, as at October 2026.
What is Bamboo's withdrawal fee in Nigeria?
₦45 for a naira withdrawal (minimum ₦300) and $45 for a dollar withdrawal (minimum $500), according to Bamboo's help centre in October 2026.
Does Bamboo charge commission on trades?
Any trading charge is shown on the order screen in the app before you confirm. We did not find a current written commission schedule on the help pages we opened, so check the app.
Which is the cheapest way to fund Bamboo?
For most deposits, a naira bank transfer, because it is a flat ₦100 or ₦150 rather than a percentage. A card deposit of ₦100,000 would cost ₦1,400.
Sources
- Bamboo Help Center: What are the deposit fees? · accessed Oct 2026
- Bamboo Help Center: How long do withdrawals take? · accessed Oct 2026
- Bamboo Help Center: Deposits & Withdrawals · accessed Oct 2026
- Bamboo Help Center: About us · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.