SpenDrip fees, in full
Joining SpenDrip is free. Each scheduled transfer (a drip) costs a ₦50 SpenDrip fee, plus the transfer fee our payment partner charges (₦10, ₦25 or ₦50 depending on the amount) and the government's ₦50 stamp duty on transfers of ₦10,000 and above.
Updated 3 October 2026
Fees for each drip
| Each drip of | SpenDrip fee | Transfer fee | Stamp duty | Total fees |
|---|---|---|---|---|
| Up to ₦5,000 | ₦50 | ₦10 | ₦0 | ₦60 |
| ₦5,001 to ₦9,999 | ₦50 | ₦25 | ₦0 | ₦75 |
| ₦10,000 to ₦50,000 | ₦50 | ₦25 | ₦50 | ₦125 |
| Above ₦50,000 | ₦50 | ₦50 | ₦50 | ₦150 |
Transfer fees: Paystack (Single and bulk transfers). Stamp duty: ₦50 on transfers of ₦10,000 and above, paid by the sender from 2026 (TheCable; Paystack). Checked 3 October 2026.
Fee calculator
Type an amount to see what one drip costs, and what a month of them adds up to.
Adding money
You top up your SpenDrip balance by card through Paystack. The card fee is shown on the screen before you pay, so you know the exact amount. Bank-transfer top-ups to your own SpenDrip account number are coming soon.
If a transfer fails
Money is set aside before each transfer and only counted as sent once the bank confirms it. If a transfer fails, the amount goes straight back to your balance.
Questions people ask
Is SpenDrip free?
Joining is free. You pay only when a drip goes out: the ₦50 SpenDrip fee plus the transfer fee and, from ₦10,000, the ₦50 stamp duty.
Who pays the ₦50 stamp duty?
From 2026 the sender pays ₦50 stamp duty on electronic transfers of ₦10,000 and above. SpenDrip adds it to the drip and shows it as its own line.
Do the people I pay get charged?
No. They receive the full amount you scheduled.