Success is a journey. Together we Prospa.
Prospa is available on iOS, Android and Web. Open an account today.
The Only Business Account You Need
A business account. Plus all the tools you need to run your business.
Unlimited sub accounts
Organise your money with dedicated accounts.
Unlimited businesses
Have more than one business account, manage them easily from one dashboard. Easily switch between accounts
Transaction categorisation
Automatically group your transactions and track expenses in minutes
Marketplace apps
Connect with favourites, Waveapps, Quickbooks, Sage & Zapier
The Basics
Opening an account is 100% free
| Prospa | Traditional Banks | |
|---|---|---|
| Minimum opening balance | ₦0 | ₦5,000 - ₦20,000 |
| Search fee | ₦0 | ₦5,000 |
| TIN retrieval or processing | ₦0 | ₦7,000 |
| Transportation fee to visit bank | ₦0 | ₦2,000 |
| Time to set up a business account | 5 minutes | 🤯 Good luck! |
| Total | ₦0 | Up to ₦35,000 |
Beyond The Basics
Every month Prospa members are entitled to ₦100,000 free inflow and
₦100,000 worth free outbound transfers
| Prospa | Traditional Banks | |
|---|---|---|
| Monthly free maintenance allowance | ₦100,000 | Not available |
| Monthly free transfers | ₦100,000 | Not available |
| Charges for falling below minimum balance | ₦0 (No minimum balance) | ₦5,000 - ₦20,000 |
| Account maintenance charges | ₦3k for inflow up to ₦500k ₦5k for inflow up to ₦5m | ₦10,000 - unlimited 🤷♂️ |
| Per mile charges over 5m inflow | ₦0.85 kobo | ₦1 per ₦1,000 |
*Once you have exceeded your monthly free transfer allowance of ₦100,000,
you are charged for outgoing transfers
Why We’re Better
The average Prospa member saves ₦7,380 per month by not having to pay for
additional business tools
Unlimited sub accounts
Organise your money with dedicated accounts. Learn more here
Unlimited businesses
Have more than one business account, manage them easily from one dashboard. Easily switch between accounts
Transaction categorisation
Automatically group your transactions and track expenses in minutes
Marketplace apps
Connect with favourites, Waveapps, Quickbooks, Sage & Zapier
Automated payments
Control and automate the flow of your money, great for payroll
Inventory management
Add and manage your stock directly from your Prospa account
Customer management
Improve customer satisfaction with your detailed customer list and increase repeat sales
Business hub
Track sales, revenue, expenses and business growth at a glance
Team collaboration
Collaborate with teams and departments to manage payments and features
Bookkeeping to do list
Keep your accounts organised with prompts
Webstore
Launch an ecommerce store from mobile or web for free.
Budgeting tool
Stay on track with easy to use budget and revenue tracking tools
Custom Invoices
Customise and send your invoices
Sage integration
Direct integration with Sage accounting software
Rewards
Save money with exclusive discounts and offers
Business API
Connect your company’s applications to your Prospa business API
External accounts
Connect, view and manage your other bank accounts from Prospa
See for yourself
Enter the amount into the calculator to see our charges
Enter your monthly turnover
Total charges: NGN 0
With Prospa, you’ll know exactly what you’re paying for
and how much you are paying, ahead of time.
