ACE Money Transfer
ACE Money Transfer
26 Aug 2026
As of 31 December 2025, Togo had 17 approved credit institutions, operating within a competitive banking sector that includes a mix of regional and local institutions. The country serves as a key financial hub within the West African Economic and Monetary Union, where the West African CFA franc is pegged to the Euro. Major banks in Togo include Ecobank Togo, Orabank Togo, and Banque Atlantique Togo, and leading banks have established extensive branch networks to serve clients across the country. Togo's banking sector supports diverse sectors including retail, corporate, and trade financing.
In Togo, the right bank for you depends on whether you need pan-African corporate banking, specialised lending for le commerce et l'industrie, or digital banking services available in locations such as Lomé and Kara. This article breaks down six banks by concrete data: assets, network size, product range, and documented performance.
Every bank on this list was evaluated against seven factors:
Service range: retail accounts, corporate banking, investment banking, insurance, and trade finance products
Digital banking: mobile apps, online platforms, USSD access, and mobile money integration
Branch and ATM coverage: number of locations across Togo, including provincial presence
Fee structure: account maintenance costs, transaction fees, and minimum balance requirements
Financial stability: capital adequacy ratios, loan growth, and deposit base
Regulatory compliance: standing with the BCEAO, which regulates banking institutions across the West African Economic and Monetary Union
International capabilities: correspondent relationships, multi-currency handling, and cross-border payments
Ecobank Togo was the country's largest bank by total assets in 2025, with total assets of CFA 724.2 billion. It operates as a subsidiary of the Ecobank Group, which operates in 34 countries serving 32 million customers.
Ecobank Togo mobilized $944.3 million in deposits and extended $574 million in loans. The bank's net profits surged by 29% to $689.3 million in 2025. Ecobank Togo frequently wins local and continental banking awards; Global Finance named it Best Bank in Togo 2025, and Global Brands Magazine recognizes leading banks across 100+ countries, where Ecobank consistently appears. Ecobank Togo offers strong digital and mobile banking features, including 128-bit encryption and two-factor authentication via the Ecobank Authenticator app.
Businesses engaged in regional trade across Africa and users needing pan-African banking services with active digital access.
18 branches and 86 ATMs across Togo
Ecobank Mobile and Ecobank Online platforms with mobile money integration
Trade finance, treasury, and supply-chain tools (Omni Lite, eFSC) for corporate clients
Network spanning 34 markets from Nigeria to Kenya to Egypt
Higher fees for basic services compared to smaller local banks
In 2025, Ecobank Togo was subject to a 200 million CFA franc regulatory fine imposed by the WAEMU Banking Commission following a thematic review of its external financial transactions. The bank subsequently launched a corrective action plan.
Banque Atlantique Togo is active in retail, commercial, and trade financing services, with a particular focus on micro, small, and medium enterprises.
Banque Atlantique Togo offers corporate and investment banking services alongside a personalized retail banking approach. Its local market knowledge positions it well for businesses that rely on community relationships over cross-border scale.
Small to medium businesses and individuals seeking a private banking relationship with competitive local pricing.
Balanced product range across personal and business accounts
SME financing programs with flexible terms
Good urban branch coverage in Lomé and secondary cities
Part of the Atlantic Business International group (~7.3% market share)
Limited international banking reach compared to Ecobank or Société Générale
Smaller ATM network outside Lomé
Société Générale Togo holds approximately 9.8% of the market by assets, making it the second-largest bank in the country. It is a subsidiary of the France-based Société Générale group.
Société Générale Togo provides corporate and retail banking services backed by European banking standards and risk management practices. Its connection to France and Morocco through the parent network gives it an edge in foreign exchange and trade finance.
High-net-worth individuals, businesses with European connections, and clients needing private wealth management.
Strong compliance and risk management, anchored by European regulatory standards
Expertise in foreign exchange, trade finance, and correspondent banking
Wealth management and private banking for premium clients
Established website and digital banking portal
Higher minimum balance requirements for premium services
Less focus on mass-market retail or financial inclusion efforts
Banque Togolaise pour le Commerce et l'Industrie offers various financial services tailored to both corporate and individual clients, with a focus on commercial and industrial sectors.
BTCI's specialization in pour le commerce et l'industrie financing gives it deep knowledge of Togo's manufacturing, trading, and industrial markets. This is a national bank with roots in the local economy.
Manufacturing businesses, traders, and industrial companies that need a bank familiar with their specific financing cycles.
Sector-specific lending for commerce and industry
Competitive business loan terms
Strong understanding of the local development landscape
Long track record as a banque togolaise institution
Limited personal banking product range
Smaller branch network compared to Ecobank or Société Générale
BSIC (Banque Sahélo Saharienne pour l'Investissement et le Commerce) focuses on regional investment and trade across the Sahel-Saharan zone. The bank's mandate centers on pour l'investissement et le commerce across member states, and it operates as a saharienne pour l'investissement et development-oriented institution.
BSIC specializes in project finance and development banking, with strong government and institutional relationships. Its sahélo saharienne pour l'investissement focus fills a niche that commercial banks rarely cover.
Businesses involved in cross-border trade and development projects in the Sahel region, particularly those seeking l'investissement et le commerce financing.
Regional network across Sahel-Saharan countries
Expertise in project finance and infrastructure investment
Institutional banking relationships with governments
Focus on togolaise pour le commerce development corridor
Limited retail banking services for individual customers
Focus on large-scale projects; less suited for small businesses
United Bank for Africa (UBA) Togo holds approximately 3.6% of the Togolese market. Headquartered in Nigeria, UBA operates across 20+ African markets.
UBA brings a digital-first approach to Togo, with competitive fees and modern banking technology. Its pan-African network connects Togo to markets in East Africa, Nigeria, and beyond.
Tech-savvy users and businesses needing African-wide banking services with a modern app experience.
Advanced digital banking platform and mobile app
Competitive fee structure compared to established players
Growing presence across African markets and the community of diaspora clients
Focus on financial inclusion and accessibility
Relatively new presence in Togo; smaller branch and ATM network
Less established local relationships than first national bank-era institutions
Orabank Togo also deserves a note: it offers WhatsApp Banking and OR@NET for remote banking services, with a strong focus on corporate lending and SME financing. Orabank holds roughly 5.9% of the market and is worth considering if those features matter to your instance of banking needs.
| Bank | Best For | Key Advantage |
|---|---|---|
| Ecobank Togo | Pan-African business and trade | 34-country network; $944.3M in deposits |
| Banque Atlantique Togo | Personalized banking and SME support | Local market focus; SME lending |
| Société Générale Togo | International banking and wealth management | European standards; FX expertise |
| BTCI | Commercial and industrial financing | Sector-specific lending |
| BSIC | Regional trade and development | Project finance; Sahel network |
| UBA Togo | Digital banking and modern services | Competitive fees; strong app |
If your priority is personal savings and everyday transactions, Banque Atlantique Togo or Ecobank Togo cover the range. For corporate banking, trade finance, or multi-currency handling, Ecobank and Société Générale have the deepest product suites. Togo's top banks offer integrated services including multi-currency handling and trade finance, but the depth varies by institution. Zenith Bank and other names present in the broader African markets do not currently hold authorized banking licenses in Togo.
Ecobank leads with 86 ATMs and 18 branches. Bank of Africa (BOA) Togo operates 14 branches including provincial locations in Kara, Sokodé, and Atakpamé. Customer experience in Togo's banking sector has been identified as an area for improvement; visit a branch in person before opening an account.
Fee data across banks in Togo remains limited in public disclosures. Collect fee schedules from at least two or three banks before committing. Micro, small, and medium enterprises are a growth market segment, and several banks now offer reduced-fee packages targeting this group.
Sending money to Togo gives individuals a way to transfer funds to recipients and accounts within the country. ACE Money Transfer provides a digital channel for initiating international transfers, while the recipient’s bank or financial institution handles the funds after receipt.
Exchange rates fluctuate, and the rate applicable to your transfer can differ from rates shown at another time. Check the current rate atacemoneytransfer.combefore sending.
ACE Money Transfer supports international transfers to Togo through its digital platform and relevant payment infrastructure. Applicable exchange rates and fees are presented before a transfer is confirmed, with charges and rates influenced by market conditions, service terms, and regulatory requirements.
Transfer times can vary based on the payment method, receiving institution, and local processing arrangements. Any fees charged by the recipient’s bank are set by that institution and remain outside ACE Money Transfer’s control. For current rates and fees, visit acemoneytransfer.com.
Choose Ecobank Togo if you need pan-African reach, digital innovation, and security features like two-factor authentication
Choose Banque Atlantique Togo if you want competitive local banking with active SME support
Choose Société Générale Togo if your priority is international banking standards and access to markets in France or Morocco
Choose BTCI if you need specialized expertise in commercial and industrial financing
Choose UBA Togo if you prefer modern digital banking with competitive fees and growing African network performance
Banking institutions in Togo play a role in supporting financial inclusion and local economic development. The right choice depends on matching your specific needs to each bank's documented strengths.
No single institution qualifies as the best bank in Togo for every person or business. Ecobank leads on scale (34 countries, $574 million in loans, 86 ATMs), but Banque Atlantique Togo and BTCI serve specific segments with more tailored products. The banking sector is regulated by BCEAO, and all 14 licensed banks meet minimum capital adequacy standards, so the real differentiator is fit: your transaction volume, your need for digital access, and whether your future growth points toward regional trade or local commerce.
Visit at least two branches, compare published fee schedules on each bank's page, and test each bank's app before committing.
The data in this article reflects information available through March 2026 and is subject to change. Please check each bank's website for the most current account terms, fees, and conditions.
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
