Parallex Bank Limited

Discover Innovation in Every Transaction: Join Parallex Bank Today!

At Parallex Bank, we are poised to be the preferred financial solutions provider redefining customer experience through digital innovations.

Fuel Your Business Growth with Parallex Bank's Tailored Solutions

Business Banking

Experience banking solutions customized to meet the unique needs of your business. Whether you’re a small startup, a growing mid-sized company, or a large corporation, we offer a comprehensive suite of products and services designed to support your business at every stage of its journey.

Personal Banking

Build financial independence and enjoy competitive benefits rates with our high interest and low charge savings accounts. From classic to target, salary, youth and kids savings accounts, there’s something for everyone at Parallex Bank.

aGENCY Banking

As an agent, you can handle not just your own financial services but also provide financial services to our customers around you.

Parallex agents can provide services like cash withdrawal, deposit and transfer, bill payment, and airtime top-up. The agents will also carry pout account opening and debit card issuance services to customers anywhere and anytime without hassle.

eNaira: Same Naira, More Possibilities

The eNaira is a digital currency issued by the Central Bank of Nigeria. One eNaira is equivalent to one Nigerian Naira cash and it can be used for transactions, just like the cash. Though it can only be accessed electronically, eNaira serves as a medium of exchange and a store of value, offering better payment prospects when compared to cash payments. 

Download the eNaira app from the app store on your mobile phone and select Parallex Bank as the preferred bank. 

You will be able to buy eNaira and carry out transactions with eNaira via the Parallex Bank mobile app.  

User's Testimonials

Add clients Testimonials here - Testimonials are fabulous ways to show social proof. They help your potential clients develop trust in your brand and showcase your credibility.

Client Name & Business

Add clients Testimonials here - Testimonials are fabulous ways to show social proof. They help your potential clients develop trust in your brand and showcase your credibility.

Client Name & Business

Add clients Testimonials here - Testimonials are fabulous ways to show social proof. They help your potential clients develop trust in your brand and showcase your credibility.

Client Name & Business

Add clients Testimonials here - Testimonials are fabulous ways to show social proof. They help your potential clients develop trust in your brand and showcase your credibility.

Client Name & Business

How it works

1. Sign Up

Begin your journey with Parallex Bank by signing up for an account. Whether you’re an individual or a business, our straightforward onboarding process makes it easy to get started. Simply provide the required information and documentation online or visit one of our branches for assistance.

2. Choose Your Services

Once your account is set up, explore our range of banking services and choose the ones that best fit your needs. From personal checking and savings accounts to business loans and treasury management solutions, we offer a comprehensive suite of products tailored to your requirements.

3. Transact with Ease

With your account activated, you’re ready to start transacting. Whether you’re depositing funds, making payments, or transferring money, our user-friendly digital banking platform allows you to manage your finances conveniently from anywhere, anytime.

about Parallex Bank Limited

Parallex Bank Limited was incorporated as a limited liability company on the 22nd day of May 2020, having successfully converted from Parallex Microfinance Bank (a National Microfinance Bank incorporated in 2008 as a Unit MFB) to a commercial bank duly licensed by the Central Bank of Nigeria to carry out commercial banking services.

For Developers

Be the Payment Service Provider you want to be

Our platform supports multiple methods of integration to our verious services, in this interface you will find the relevant information on how to integrate using the 3 main options: Hosted page, Server to server and using our Webservices (Non-processing related services).

Integration

To start your integration its best to start with a quick intro and details about the test environment, make sure to get your Merchant id and hash before you start.

Server To Server

Payments are the heart and soul of every company – Our PCI level 1 system will enable you to integrate payment quickly to your app or service – start embedding payments today.

Hosted Page

Embed one of our 7 payment page designs on your site or app today and start accepting payments in no time, from credit cards to Alternative Payment Methods, one integration to enable them all.

faqs

Frequently asked
Questions

Opening an account with Parallex Bank is easy. You can start the process online through our website or mobile app, or visit one of our branches for assistance. Simply provide the required information and documentation, and our team will guide you through the rest of the process.

With our streamlined onboarding process, you can expect to have your account opened within a few business days, provided that all required documentation is submitted accurately. For in-person account openings at our branches, the process may be completed on the same day.

While some fees may apply for certain services, Parallex Bank is committed to offering competitive pricing and transparent fee structures. We strive to keep fees to a minimum and provide value to our customers. Specific fee details can be found in our fee schedule or by contacting our customer service team.

Ready to experience banking redefined?

Whether you’re an individual looking for seamless personal banking solutions or a business seeking to optimize your financial operations, we have the expertise and resources to meet your needs.

Drop Us A Line

info@parallexbank.com