ALAT by Wema review

Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026

ALAT by Wema is a digital banking app powered by Wema Bank for customers in Nigeria. It suits people who want to open an account digitally and manage everyday banking from a phone, with local transfers, bill payments, cards and savings tools in one app. The app is available on iOS and Android, and Wema also offers a separate business product for business banking needs.

The app’s feature set extends beyond basic payments. Users can make scheduled payments, set personal or group savings goals, track spending and view transaction statements. Virtual and physical cards include controls to freeze a card or limit spending, while voice banking supports transactions and inquiries. Investment options include Treasury bills and stocks, and the app also supports international transfers and foreign-currency receipts. This makes ALAT a fit for customers who want banking, saving and investment features together rather than a narrow bill-pay app.

Wema says ALAT is free to sign up for, but account transaction fees may apply, so free sign-up should not be read as fee-free banking. Support is available by phone and email, and the listed compliance standard is PCI DSS. Choose ALAT if you are in Nigeria and value mobile access to transfers, card controls, savings goals and additional financial features. It may be less suitable if you need desktop banking, want a single app for business and personal finances, or need clear published pricing before opening an account.

ALAT by Wema pros and cons

• Where it wins
  • Open an account digitally and send money to Nigerian banks.
  • Manage virtual and physical cards, including freezing or spending limits.
  • Combine scheduled bills, savings goals, investments and international transfers.
• Where it doesn't
  • Account transaction fees may apply despite free sign-up.
  • The app is available on iOS and Android, not desktop platforms.
  • The business offering is separate from the personal banking app.

ALAT by Wema fact sheet, pricing and score →

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Last updated 14 Nov 2026 · How we research and update