“ALAT” By WEMA Bank – How It Works

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ALAT by Wema Bank is Nigeria’s first fully digital bank. As opposed to the regular banking system, everything is done from the comfort of your mobile phone through an app. We all know how stressful banking in Nigeria can be, from the long banking hall lines to the numerous charges and sometimes the long procedures involved in opening a new account

READ ALSO: How To Earn N10,000 With ALAT By WEMA Bank

ALAT is here and promises to be the change we’ve all been waiting for. Digital banking is the future and we are ready for it now! Digital banking has the capacity to understand and quickly build a very good user experience to improve efficiency and decrease costs.

What Is A Fully Digital Bank?

ALAT By Wema

Digital banking could be easily confused with terms such as mobile banking or internet banking, don’t get me wrong, these are all aspect of digital banking, but they are not fully digital. Digital banking is simply moving online all the traditional banking activities and programs that were only available to customers when physically inside a bank branch. Such activities include:

  • Account holders documentation
  • Money Deposits, Withdrawals, and Transfers
  • Management of account
  • Applying for Financial Products
  • Loan Management
  • Bill Pay
  • Account Services

Wema Bank

ALAT By Wema

Wema Bank is the oldest indigenous commercial bank in Nigeria and the brand behind ALAT; they’ve continuously been in the banking business for over 70 years.

ALAT By Wema Bank

ALAT is Nigeria’s first fully functional digital bank. With ALAT, you can do all your banking transactions without being physically present at a bank.

Creating An Account

ALAT By Wema

Open an ALAT account from your phone with your BVN and phone number, no paperwork required. The account currently available on ALAT is the standard savings account, though they promise to have more account options in the future

To have your account fully activated, You will need to upload a photo of a valid means of identification (a government-approved ID card), a photo of a utility bill (not older than 3 months) and your passport photograph.

Getting Your ALAT Debit Card

Pick one of three bank card designs available and it will be delivered to you in about two business days, anywhere in Nigeria, at no cost. You can activate your debit card, lock it, unlock it and choose where it works all from your phone.

Funding Your Account

You can fund your Account via a Wema Bank Current or Savings Account (If you are an existing Wema Bank customer) or via other local or foreign card from any bank. You could also make a direct cash deposit via any Wema Bank branch.

How to Earn N10,000 With ALAT By Wema Bank

  • Create Your Account

Download ALAT from Google Play or the Apple App Store, sign up with your BVN and phone number, then upload a couple of basic documents to activate your account.


READ MORE About “ALAT” Referral Program

  • Refer your friends

Open the ALAT app, sign in and click Refer a Friend on the menu to get your unique referral code. Share this code with your friends by chat, SMS, email or on social media.

  • Cash out

For every friend who joins ALAT with your referral code and funds their ALAT account with N500, ALAT will give you a token of N500 in return. When you refer up to ten friends who fund their ALAT accounts with N500 each and upload required documents, an extra N5,000 will be added to your account.

Advantages Of Having An ALAT Account

  • ALAT By Wema Bank will save you time with a simple account opening process.
  • It will help you put money away easily by automating your savings.
  • It will make sure your bills are paid on time with its scheduled payments feature.
  • They deliver a free debit card you can activate, lock and unlock from your phone to you anywhere in Nigeria.
  • You can also use your card abroad. All you have to do is click Card Control in the Cards menu, set the channels your card will work on and the country/countries where you will use it.
  • You can withdraw money from your ALAT account via an ATM without using your debit card.

How To withdraw money from an ATM without a card

  • Log into the ALAT app, click Send Money on the menu then click ATM Cardless Transfer.
  • Fill in the required details and authenticate the transfer with your ALAT PIN. You will receive a pay code by email.

To withdraw your money, go to any cardless-enabled or pay code-enabled ATM and follow these instructions:

  1. Press ENTER to clear the ATM screen.
  2. Select CashOut Paycode.
  3. Type the reference number and the cashout PIN.
  4. Type the amount of money you want to withdraw.

Use BVC8B1 as your Referral code

Pls, Drop Your Comments or questions!

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  1. festus44
    festus44 says

    Nice post

  2. k.k.kit
    k.k.kit says

    The offer is OK and convincing, but people are not easy to convince when it involves money o.

  3. Samson132
    Samson132 says

    Nice one and good for business people

  4. Alabawealth
    Alabawealth says

    Good one

  5. v3iyoha
    v3iyoha says

    good one

  6. Samson132
    Samson132 says


  7. Lucky Bari Ndoonu
    Lucky Bari Ndoonu says

    Nice one

  8. MhizPresh
    MhizPresh says

    wonderful thnks alot

  9. Lola_Banks
    Lola_Banks says


  10. Christiana66
    Christiana66 says

    this is cool

  11. Kekule15
    Kekule15 says

    The app is really good

  12. Elinor
    Elinor says

    Withdraw without ATM. I cant wait to try it out

  13. Elinor
    Elinor says

    Oh… too bad am not using wema bank

  14. Jtpeank
    Jtpeank says

    is it applicable to non wema bank users?

  15. Igwe1
    Igwe1 says

    this is so amazing

    1. Kekule15
      Kekule15 says

      For sure I so much love the app

  16. Igwe1
    Igwe1 says


  17. Eunice Peter
    Eunice Peter says

    I’ll download the app on my phone

  18. Busari Basirat
    Busari Basirat says

    This is interesting

  19. Hammed Lawal
    Hammed Lawal says

    I have downloaded their app since april the problem am having is that they are asking of acct no

  20. Ochijenu Abigail
    Ochijenu Abigail says

    Keep on

  21. Ochijenu Abigail
    Ochijenu Abigail says


  22. Uka Eke
    Uka Eke says

    I have done that yesterday so how do I get the reward

    1. joegfred
      joegfred says

      Did you use the referral code above??

  23. Joel Esemitodje
    Joel Esemitodje says

    This is mind blowing

  24. Henry Mbata
    Henry Mbata says

    But I will give kudoos to the writer of this post for helping to enlighten people on this

    1. joegfred
      joegfred says

      You’re welcome

  25. Henry Mbata
    Henry Mbata says

    Sorry but am not using went bank

  26. […] “ALAT” By WEMA Bank – How It Works […]

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