5 best digital banks to open for your business account in Nigeria

Estimated reading time: 3 minutes

As a business owner, you should be driven by the desire to save costs and maximize profits. Besides, you also need to get your transactions done without having to walk into a bank to complain. Or it may be the desire to have your business financial transactions at your fingertips.

Whichever appeals to you, here are the 5 best digital banks that you can open for your business account in Nigeria.

1. Pocket App

Pocket is one of the best digital banks for business accounts in Nigeria. It allows you to create a shop for your business and you can generate an account number that has your business name.

This can be done simply by downloading the app from Playstore (Android) or AppStore (iOS) and signing up with the necessary details.

2. V Bank

According to what many people are saying, V Bank prides itself in great customer service. V Bank is just a DM away on Twitter for needed inquiries and issues. You also earn interest on your money and you pay zero naira on transfers.

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3. Kuda Business

You can also open a Kuda Business account without paperwork. Wherever you are, you can set up your account quickly.

Kuda Business account is also good for sending invoices, receiving POS payments, paying business bills, making bulk transfers, and freeing up time for the rest of your life.

What’s more? It is fully licensed by the CBN and deposits are insured by NDIC.

4. Standard Chartered Bank

Standard Chartered Bank has a comprehensive range of business account to suit your unique business profile.

With zero SMS alert charges, free transfers, and zero account maintenance charges you are ready to bank your way into a profitable business venture.

5. Opay

OPay is a CBN-licensed mobile money platform. It offers low fees and a hassle-free way to carry out an array of services for your customers.

You can also receive funds into your wallet instantly and offer transfer services to your customers in real time. No waiting for end-of-day reconciliation.

As a partner, OPay believes your growth is their growth. It offers a powerful dashboard to view all your business transactions and helps you understand your business better.