We pride ourselves on fair and transparent pricing. You will never be charged for something you are not aware of, our billing dates and times are clear. You also receive an email and SMS receipt every time you are billed.
How does Prospa differ from other services?
You may be wondering how Prospa is different and why you should pay for it? We’ve broken down what you get with a Prospa account and our pricing in detail below.
If you have any questions about our pricing, please contact our dedicated team at firstname.lastname@example.org
Set Up Costs
Prospa is the fastest and most cost-effective business account you’ll ever open. Guaranteed! No paper forms, no bank queues and opening an account is 100% Free.
|Minimum opening balance||₦0||₦5,000 – ₦20,000|
|TIN retrieval or processing||₦0||₦7,000|
|Transportation fee to visit a branch||₦0||₦2,000|
|Time to set up a business account||5 minutes||2 wks – 1 month +|
|Total||₦0||Up to ₦34,0000|
If you already have a business account, How much do you currently pay in monthly fees & charges?
95% of business owners we surveyed said “I don’t know”
On average, small business owners are being charged over ₦100,000 in unexplained and unnecessary fees.
With Prospa, you’ll know exactly what you’re paying for and how much you are paying, ahead of time. Prospa is more cost-effective and delivers the best value for your money.
Every month Prospa members are entitled to ₦100,000 free inflow and ₦100,000 free outbound transfers.
|Monthly free maintenance allowance||₦100,000||Not available|
|Monthly free transfers||₦100,000||Not available|
|Charges for falling below the 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+₦0.85kb per ₦1k over ₦5m||₦5,000 – unlimited|
|Per mile charges||₦0.85 kobo||₦1 per ₦1000|
*Once you have exceeded your monthly free transfer allowance of ₦100,000
Beyond the basics
When thinking about a business account, it’s much more than cost. You have to ask, does this bank account help me manage my business finances and do more to grow my business? Am I paying for other services like an invoice or a tool to manage my customers?
The average Prospa member saves N7,380 per month by not having to pay for additional business tools. Here’s what you’ll get with Prospa that your traditional account doesn’t offer:
|Unlimited sub-accounts||Organise your money with dedicated accounts. Learn more|
|Unlimited businesses||Have more than one business account, manage them easily from one dashboard. Easily switch between accounts. Learn more|
|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. Learn more|
|Team collaboration||Collaborate with teams and departments to manage payments and features. Learn more|
|Bookkeeping to-do list||Keep your accounts organised with prompts|
|Webstore||Launch an eCommerce store from mobile or web for free. Learn more|
|Budgeting tool||Stay on track with easy to use budget and revenue tracking tools|
|Custom Invoices||Customise and send your invoices. Learn more|
|Sage integration||Direct integration with Sage accounting software|
|Rewards||Save money with exclusive discounts and offers. Learn more|
|Business API||Connect your company’s applications to your Prospa Business API|
|External accounts||Connect, view and manage your other bank accounts from Prospa|
For Upgrade (Premium Accounts)
If you want the full Prospa experience, upgrade your account to get higher limits, more features and even more services like a dedicated account manager, access to the Prospa API and more.
*View our upgrade plans in-app
Request for a POS device in-app and receive it within days.
|Android Next-Gen POS||0.5% per transaction|
*rates may vary based on industry
Request for physical and virtual cards and get them delivered to you in days.
|Naira Visa / Mastercard||₦0|
|Dollar Visa / Mastercard||₦0|
* Your first card is free however you pay for the delivery charges. All additional cards are charged at ₦1,000
|SMS charges||₦0 – free notifications||₦1 per notification|
|Statement Request||₦0 – Download for free in-app||₦1 per page|