For every Nigerian who is tired of illegal bank charges, annoying account maintenance fees and unresponsive customer service, a new year gift has arrived.
Parallex Bank is open for business with a juicy offer of limitless transactions to Nigerians.
The bank is the first financial institution in Nigeria to successfully transition from a microfinance bank to a commercial bank.
“We are not going to do banking as usual, we are going the extra mile for our customers,” Parallex Bank managing director Olufemi Bakre told an excited audience of stakeholders and media practitioners at the official launching in Lagos on Friday.
“From any angle within our mobile app, you can make five transactions in a day and 150 in a month without transaction charges.
“Parallex Bank will pay up to five per cent on current account balances not lower that N100,000. It is not about taking advantage of a client under the canopy of making money. It is a mutually beneficial relationship.
“Account maintenance charges are common in the industry. We are saying at Parallex Bank from day one, you won’t encounter any.
“It shall never be in our dictionary to say ‘it cannot be done’. Our watchword is ‘how can it be done?'”
Bakre emphasised that Parallex Bank is focused on delivering positively limitless experiences to its customers who shall be treated like business partners.
Parallex Bank’s headquarters is located at Plot 1261 Adeola Hopewell, Victoria Island, Lagos, the serene commercial hub where the official launching and logo unveiling took place.
The bank is also fully digital and customers can generate their own bank accounts via the bank’s mobile app.
“It’s a new dawn,” Bakre said.
