Payouts

Instantly transfer money in bulk to bank accounts automatically or manually. Send instant bank transfers to your customers via APIs, file uploads or on the dashboard.

API payout

Automate payouts to your customers with our well documented and simple to integrate API.

File upload

Upload a .csv or .xlsx file and the recipients will be paid instantly.

Dashboard payout

Add multiple recipients and pay all of them at once from the dashboard.

Frequently asked questions

The standard transfer fee applies, every customer will be charged per transfer they make to other banks and get 100% cashback on transfer fees at the end of each month.

  • ₦10 for transactions of ₦5,000 and below
  • ₦25 for transactions between ₦5,001 - ₦50,000
  • ₦50 for transactions of ₦50,001 and above

These charges are exclusive of Vat. All transfers from a Lenco account to another Lenco account is free.

Transactions could be declined for various reasons:

  • Daily cap for transfers has been exhausted
  • Insufficient funds
  • The transaction could be declined by the approver

Yes, you can. Every customer is entitled to their account statement at no cost.

This is an extra layer of security for your account. You can setup Lenco token app to generate quick tokens for your account operations. Click here to learn more.

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