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Dakar, Senegal

Dakar Digital Bank — Compare Providers in Dakar

Compare digital bank accounts, business banking, international money transfers, currency exchange and investing services available to residents of Dakar.

Dakar Digital Bank (dakardigitalbank.com) is now part of Digital Bank Networks. Old dakardigitalbank.com links land here.

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These are partner links and we may earn a commission. Availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction. Crypto-related products are volatile and can lose value. Confirm current terms directly with each provider.

Local banking essentials

What to check before opening an account in Dakar

Regulation

Senegal sits inside the West African Economic and Monetary Union (UEMOA): credit institutions are approved by the regional banking commission on BCEAO's authority, and mobile-money and e-money issuers must hold BCEAO accreditation under the regional payment-services rules. Wave, Orange Money and Free Money all operate under that framework, so check the BCEAO's register before trusting a wallet.

Check Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)(opens in a new tab)

Local account details

Senegalese accounts carry the 28-character IBAN starting SN (SN + 2 check digits, then the 24-character UEMOA BBAN: 2-letter country prefix, 5-digit bank code, 5-digit branch code, 11-digit account and 1 national check digit), the standard used for interbank transfers.

Local currency: XOF (West African CFA franc (pegged to the euro, issued by the BCEAO for UEMOA members))

Payments and transfers

Regional clearing runs on the BCEAO's SICA-UEMOA with STAR settling large-value payments; domestically, mobile money dominates day-to-day transfers, with Wave and Orange Money processing a large share of Senegalese payments and agent networks reaching well beyond Dakar's bank branches.

Digital banking directory for Dakar

Our original directory of financial services, listed category by category in editorial order. Availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction. Confirm details directly with the provider.

Digital Bank Accounts

Digital Bank Accounts in Dakar

Business Banking and Payments

Business Banking and Payments in Dakar

Currency Exchange

Currency Exchange in Dakar

International Money Transfers

International Money Transfers in Dakar

Cryptocurrency Accounts and Digital Assets

Cryptocurrency Accounts and Digital Assets in Dakar

Investment and Trading

Investment and Trading in Dakar

Personal Finance and Lending

Personal Finance and Lending in Dakar

Banking Technology

Banking Technology in Dakar

Real Estate and Mortgage

Insurance

Insurance in Dakar

Payroll and HR Software

Global Credit Cards

Global Credit Cards in Dakar

Disclosure

Digital Bank Networks is a financial comparison platform, not a bank. We may receive compensation when users click links or open accounts with our partners. This never affects which providers we list or how we describe them. All services are provided by licensed financial institutions; availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction.