Digital Banking4.1 / 5.0 Rating
ALAT by Wema Review
Tunde "Gadget" Bakare
January 5, 2026 • Fintech Analyst
The Overview
ALAT is Nigeria's first fully digital bank, powered by Wema Bank. It provides a complete banking package including savings, loans, and card services without ever needing to visit a physical branch.
Platform Availability
Android, iOS, Web
What We Loved
- •Backed by a traditional bank legacy
- •Wide range of banking features
- •Good virtual dollar cards
- •Strong security
Room for Improvement
- •App can be slow and buggy
- •Higher fees than digital-only rivals
Our Verdict
"ALAT is a solid choice for those who want digital convenience but with the safety net of a traditional bank."
App Specifications
FeesTraditional bank fees apply in some cases
Interest RateStandard savings rates
SecurityBank-level security, Wema Bank backed
SavingsAvailable
InvestmentsAvailable
Core Features
Virtual cardsGoal-based savingsSalary loansFX transfers