Roofteller, a brand of Tenalet Ltd, is a financial technology company and is not a bank. Banking services are provided by Beststar Microfinance Bank Limited, licensed by the Central Bank of Nigeria (CBN). NDIC deposit insurance covers the failure of an insured bank. NDIC insurance is available for funds on deposit through Beststar Microfinance Bank Limited, subject to applicable limits and eligibility requirements. The Roofteller debit card is issued by Beststar Microfinance Bank Limited and may be used at any point-of-sale terminal or ATM that accepts Mastercard.
1. Your deposits qualify for NDIC insurance coverage when held at Beststar Microfinance 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. Landlords 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.
*All testimonials, reviews, opinions, or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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