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Home Banking How To Open Prospa Business Account In 5 minutes

How To Open Prospa Business Account In 5 minutes

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Here’s a step-by-step guide on how you can open Prospa Business Account in 5 minutes. It’s a thorough overview of all the features you can find in the Prospa application.

We are all aware that opening a corporate or business banking account with a bank in Nigeria is an exhausting process and the necessary documents typically are numerous. The requirements are not only documents from the Corporate Affairs Commission and PHCN.

This means that small-scale businesses in Nigeria and freelancers who do not have enough funds to buy CAC documents are prevented from having an account with their ideal business. This is why it’s important to find a viable alternative to the standard business bank account.

This is where the business accounts come into. Prospa App can manage your employees, customers, and suppliers, as well as products and services and gain insight into your top-selling products and customers with the highest expenditure.

What is Prospa?

Prospa is the quickest way to establish a trustworthy commercial bank account in Nigeria. Prospa is a fintech application that allows small and medium-sized businesses alike to set up business accounts from their homes, without having to pay any cost and with no trouble.

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Prospa Business Account is a business account that has a number that is in the name of your business. It permits your company to transfer funds between any banks in Nigeria.

With the Prosper Business Account, There are:

  • There is no need to first register your company name with CAC before you can open a bank account under your company name
  • There is no need to search for an account holder for your corporate to recommend for you before you open an account in your company name.
  • It is not a problem to employ an attorney to verify the name of your business to the bank before when the bank can permit you to create an account.
  • There is no need to pay any money to create a bank account under the name of your business.

How do I open a Prospa Business account

  1. To create a Prospa Business Account, go to getprospa.com
  2. Select the menu at the top of the right-hand corner.
  3. Choose to register your business
  4. Complete the form and then submit it
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You can also open an account using the Prospa app. To accomplish this,

  1. It was transferred to the Google Play store
  2. Find Prospa App on Google.
  3. It is easy to download and install.
  4. Lunch The app and sign-up

After sign-up, you’ll be required to wait for the manual approval. Your account will be operational within less than 15 minutes. In some cases, it could require as long as 24 hours. in this situation, it could be that Prospa requires additional details from you.

How does the bank account of Prospa function?

This is how the Prospa account functions. When your customer wants to pay you, they enter information like your account number as well as Providus Bank (one of the banks that they partner with) as the bank’s name. But, you’ll receive the money through the Prospa application.


  • Your business name is the name of your bank account
  • Pay and receive payment from the following banks and all Nigerian banks
  • Manage your customers’ needs in real-time All in one place
  • Create sub-accounts
  • Mobile data and purchase airtime
  • Invoice your customers to ask for payment
  • The payment of bills (electricity bills TV bills, electric bills)
  • Transfer to international communities like Ghana and Kenya
  • Collaborate with several team members
  • Downloadable account statements
  • Control multiple businesses on one dashboard
  • Pros paPa’spp and website have been made with transparency in pricing and user interfaces that are easy to comprehend
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Upgrading Your Account

To be able to operate the full full-service less account using prosProspau’ll need for you to make a change to your existing account. To upgrade your account you’ll need some of the documents below:

  • Bank Verification Number, BVN
  • Corporate Affairs Commission registration forms
  • 2 references
  • GoveGovernment-issued card issued by the government.
  • PHCN bill
  • Resolution of the Board (can be created within Prospa’s dashboard). Prospa dashboard)
  • Number of TIN
  • Certificate of incorporation


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