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Parallex Bank Account Opening, Recruitments & POS Agents Information


Parallex Bank is a new era of digital banking being introduced into the banking sector. It’s indeed a disruption to the banking industry and with lots of benefits and a unique selling proposition, I see Parallex Bank overtaking many existing banks in the country in a short while.

Parallex Bank Overview

Parallex bank account opening, recruitments & pos agents information - ng job alerts

Parallex bank was launched on January 14, 2022, at the bank’s headquarters in Victoria Island, Lagos. The Bank has set out with a mission to redefine the banking landscape in Nigeria, and Africa at large. Its promises are high and the bank’s offer to customers is quite unique. Customers get to enjoy zero maintenance fees unlike the existing bank we have before now, free delivery of debit cards and free registration, zero transfer fee when customers transfer to another bank, and lots more benefits (described below). Parallex Bank leverage the best talents and technology to deliver unparalleled value to all stakeholders.

Here’s what the Chairman of the Parallex bank has to say:

Speaking during the launch at the bank’s headquarters in Lagos weekend, Chairman of the bank, Dr Adeola Phillips, noted: ‘’Parallex Bank is here to make a unique statement about what innovation can do in an industry that is constantly reinventing.

“The bank will operate broadly with a competitive mindset, to disrupt the market and delight customers with very attractive offers. The goal is to empower the banking public and to drive convenient and efficient commerce through the bank’s digital platforms. The Parallex mobile app offers customers the freedom to do much more. The app will eliminate inconveniences and hardships often faced by customers while carrying out transactions.’’

How to Open an Account With Parallex Bank

The account opening process is simple and hassle-free.

  • To get started, follow this link: https://parallexbank.com/mobile-app/;
  • on the page you will see a link to download Parallex Mobile App on Google Play Store and Apple Store.
  • Install the app and enter your detain as requested.

Benefits of Opening an Account with Parallex Bank

Parallex Bank promises to customers is to position itself as an enabler of limitless banking opportunities.

  • Personalized Parallex mobile app
  • Ability to create a unique account number on the mobile app.
  • Ability to control your transfer limit.
  • Free check books and POS
  • Real-time spending overview
  • Access loans up to N10 million
  • Deposit cheques and dividend warrant directly into your account
  • Free transfer of money from your Parallex Bank to any bank in Nigeria five times per day.
  • Parallex Bank allows customers to request a free debit card and deliver it to them at no cost.
  • Great customers service; you can easily send inquiries right from your personalized mobile app without visiting the customer care in the banking hall.
  • When you open a current account with Parallex Bank, you will enjoy up to a 5 per cent interest rate provided you maintain a minimum average balance of N100,000.
  • Unsecured business loans up to NGN10,000,000
  • Customers also get to enjoy zero maintenance fee.

Parallex Bank POS

Parallex Bank is introducing POS service along with many other banking services to promote businesses across the nation. The POS provides your business with a seamless means of accepting payments while ensuring that you enjoy complete security with cashless transactions and ensure your customers always have an alternative when paying for goods at your locations.

Requirements for a Parallex Bank POS Agent

To become a Parallex Bank POS agent, you must meet the following requirements:

  • Have a Parallex Bank Account.
  • A valid identification card e.g., Voters Card, National Identity, Drivers License, International Passport
  • An existing business location.
  • Proof of your residential address

Parallex Bank POS Agent Terminal Benefits

  • POS business will increase monthly income for agents.
  • More access points for transactions.
  • Ease of transacting via e-channel
  • Make cash available for customers when they need it.
  • Increases in sales as merchants have access to both cash and card-carrying Customers.
  • On-the-spot confirmation of payment for goods.

How Much to Get Parallex Bank Agent POS?

Registration for Parallex Bank POS is free of charge. The bank will not charge you but you must first have an account with them with a certain minimum amount in your account.

Important Notice

Parallex Bank is a new bank and we have little information about their POS charges and other details. We, therefore, advise every customer who wants to register for Parallex Bank POS Agent to use the contact information below for enquiry or visit the official website at https://parallexbank.com

How to Link Any POS Machines With Your Bank Account

Point of sale (POS) systems can be connected to your Parallex bank account. If you already have a bank account and you want to link it to a POS system, you’ll need to fill in an application form along with the following documents:

  • Valid means of identification e.g Driver’s license, National ID card, International passport or voter’s card.
  • BVN
  • 2 passport photographs
  • 2 current account references
  • Evidence of business registration (CAC Certificate)
  • Tax Identification Number (TIN)

Parallex Bank Recruitment 2022

The Parallex Bank has announced the recruitment exercise for the 2021 application form. If you are looking for a guide to apply and complete your online registration – how to obtain the application form, the general requirements and qualifications for Parallex Bank recruitment 2022, and other relevant details, simply follow this link to the recruitment application portal.

Parallex Bank Contact Information

Address: Plot 1261, Adeola Hopewell Street, V.I, Lagos

Email: [email protected], [email protected]

Phone / Fax: 0700 727 25539, 017002600

Oladoyin Falana

Oladoyin Falana, a graduate of OAU, is an SEO Specialist, and IT business developer. He is the owner and content editor of ngjobalerts.com, a platform that focuses on providing information on career, recruitment updates, exams, and admission updates, including general (How-to) information.

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