The eNaira (Nigeria’s Central Bank Digital Currency – CBDC) is a digital form of the Nigerian Naira issued by the Central Bank of Nigeria (CBN). It functions like physical cash, but is stored digitally in the eNaira Speed Wallet and can be used for payments, transfers, and purchases nationwide.
In this updated guide, you will learn simple steps to fund your eNaira wallet from a bank account and why this matters for everyday transactions.
What Is an eNaira Wallet?
An eNaira Wallet is a digital wallet where your eNaira funds are stored. Without this wallet, you cannot hold or spend eNaira — just like you can’t use physical cash without a wallet (cbn.gov.ng)
Before you fund your wallet, ensure you’ve:
- Downloaded the eNaira Speed Wallet app from Google Play or Apple App Store.
- Completed wallet registration using your BVN-linked phone and email.
- Linked your bank account during setup.
Step-by-Step Guide: How to Fund Your eNaira Wallet
Follow these simple steps to transfer money from your bank to your eNaira wallet:
1. Open Your Bank App
Log in to your mobile banking app or internet banking platform.
2. Find the eNaira Transfer Option
Look for the “eNaira” button added by most banks in their transfer menus.
3. Select Wallet Type
Choose either:
- Individual Wallet (personal use)
- Merchant Wallet (business purpose)
4. Select Transfer Action
Pick “Transfer to eNaira” as the type of transfer.
5. Enter Wallet Details
Provide:
- Your eNaira wallet username (email linked to BVN)
- Your eNaira wallet password
6. Add a Remark and Continue
You may add a note, then click continue or next.
7. Authenticate the Transfer
Complete the authentication using your transaction PIN or OTP/token required by your bank.
8. Confirm Funding
Check your eNaira Speed Wallet to confirm that the funds have reflected.
That’s it! Your eNaira wallet is now funded and ready to use.
Can You Fund eNaira Wallet From Any Bank?
Yes. Whether the bank you originally signed up with or another bank account, you can fund your eNaira wallet by selecting it as the destination when transferring money.
Other Ways to Fund eNaira Wallet
Aside from bank transfer, you can also fund your eNaira wallet by:
- Transferring from another eNaira wallet (individual or merchant).
- Cash deposit at banks or agents (bank/authorized agent converts cash into eNaira and credits your wallet).
Security: Is eNaira Safe?
The eNaira wallet uses two-factor authentication and encryption to secure your digital funds — similar to online banking security.
Why Use eNaira?
The eNaira is:
- Fast and secure for payments and transfers.
- Accepted nationwide across digital platforms.
- Designed to support Nigeria’s digital economy and financial inclusion.
Tips After Funding Your eNaira Wallet
✔ After funding, start by trying person-to-person transfers or paying a merchant
✔ Always keep your credentials private
✔ Update your eNaira app regularly
