Roofteller, a brand of Tenalet Ltd, is a financial technology company and is not a bank. Banking services are provided by Sterling Bank Limited, licensed by the Central Bank of Nigeria (CBN). The Roofteller debit card is issued by Sterling Bank Limited and may be used at any point-of-sale terminal or ATM in Nigeria.
1. Your deposits qualify for NDIC insurance coverage when held at Sterling Bank Limited, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. Coverage is subject to limits prescribed by the Nigeria Deposit Insurance Corporation. For more information, visit ndic.gov.ng.
2. Customers are responsible for the proper classification and tax treatment of all funds received. Roofteller provides tools to help distinguish between rent (income), security deposits (liabilities), and service charges (liabilities), but does not provide tax, legal, or accounting advice.
