# Mkobo — Mkobo

> Fair, simple, affordable neo-banking for underserved populations with interest and rewards. (iPhone/iPad app by MKOBO Microfinance Bank.)

- Source: https://appshunter.io/ios/app/mkobo/id1539929765 (this page in markdown: same URL + `.md`)
- Developer: [MKOBO Microfinance Bank](https://appshunter.io/developer/1474980002)
- Category: Finance
- Price: Free
- Rating: 3.60/5 from 7 App Store ratings · 1 written reviews indexed
- Age rating: 17+
- Requires: iOS 15.6 · 77 MB
- Languages: American English
- Released: 2020-11-16
- Data updated: 2026-07-23
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/mkobo/id1539929765/reviews.md

## What is Mkobo?

Mkobobank is a neo-bank providing financial services that is fair, simple, and affordable to the underserved demography which will ultimately help to realise your dreams your.

Download the Mkobobank app today
Why Mkobobank?
- Fairplay - Enjoy our Fairplay promise - say goodbye to those unfair bank charges! You earned the money and you deserve to keep it!
- Interest on balances - Earn daily interest on your sitting balance!
- Free Transfers - Get 30 Free transfers monthly! Thats 1 per day!
- Mkolo - Grow your savings with Mkolo earn great return on your savings. 
- 0 Charges - NO account maintenance, NO minimum balance!
- Bill payments - Pay for airtime, Electricity bill, Internet Data Subscription, etc at no extra cost.
- Cash backs - Enjoy cashback on airtime and data subscription

How to get started
- Download the Mkobobank app
- Sign up and create your bank account
- Update and complete your profile
- Upgrade to tier 2 or 3 by providing the required KYC.


Enjoy fairplay banking
Mkobobank - “Every Kobo Counts”


Security
Mkobo takes your security very seriously. We use highly bank-grade encryption to secure your personal data

Regulatory
Mkobo.bank is owned and managed by Mkobo Microfinance Bank Limited which is fully licensed by the Central Bank of Nigeria (CBN). All Customer deposits are protected by the Nigeria Deposit Insurance Corporation (NDIC).


Get in Touch
You can always reach us via the following channels:
Social media: @mkobobank on Instagram, Twitter, LinkedIn, and Facebook.
Email address - help@mkobo.com.ng
Website - https://mkobo.bank
We’d love to hear from you!

## Key features

- Interest on balances
- 30 free transfers monthly
- Savings growth with Mkolo
- No account maintenance fees
- Bill payments with no extra cost
- Cashback on airtime and data

## Recent user reviews (1 of 1)

All indexed reviews: https://appshunter.io/ios/app/mkobo/id1539929765/reviews.md

### 4/5 — Review

*2023-08-01*

Easy and fast transaction more than modern commercial banks. Swift user onboarding process

## Frequently asked questions about Mkobo

### What are the main benefits of using Mkobo?

Mkobo offers fair banking with no unfair charges, daily interest on your balance, 30 free transfers per month, and cashback on airtime and data. It also features savings growth options and no account maintenance fees.

### How does Mkobo ensure security for its users?

Mkobo uses highly bank-grade encryption to secure your personal data. The bank is fully licensed by the Central Bank of Nigeria (CBN), and customer deposits are protected by the Nigeria Deposit Insurance Corporation (NDIC).

### What are the requirements to get started with Mkobo?

To get started, you need to download the Mkobobank app, sign up, create a bank account, and complete your profile. You may need to upgrade to tier 2 or 3 by providing the required KYC information.

### Does Mkobo offer interest on savings?

Yes, Mkobo allows you to earn daily interest on your sitting balance. You can also grow your savings with Mkolo and earn great returns.

### Are there any charges for using Mkobo?

Mkobo promotes fairplay banking with 0 charges for account maintenance and no minimum balance requirements. You also get 30 free transfers monthly and pay bills like airtime and electricity at no extra cost.

### What platforms is Mkobo available on?

Mkobo is available on iPhone, iPad, and iPod devices. The app is designed for iOS users.

### How often is Mkobo updated?

The latest version of Mkobo is 2.24.2, which was last updated on June 3, 2026. Updates typically bring new features, bug fixes, and performance improvements.

### What is the user sentiment for Mkobo?

Mkobo has an average rating of 3.6 stars from 7 ratings. This suggests a mixed user reception, with some users finding value in its services while others may have encountered issues.

## Version history (last 5 releases)

### 2.25.1 — 2026-07-20

Bug fixes and improvements

### 2.24.2 — 2026-06-03

Introducing Mkobo Campus Ambassadors
Minor bug fixes

### 2.24.0 — 2026-05-05

Bug fixes and improvments

### 2.23.1 — 2026-04-02

Bug fixes and improvements

### 2.23.0 — 2026-02-18

Bug fixes and improvements

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## Related topics

[mkobo](https://appshunter.io/ios/topics/mkobo) · [mkobo microfinance bank](https://appshunter.io/ios/topics/mkobo-microfinance-bank)

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-07-23.*