Create A Bank Account for Your Business From Home
Prospa is a Web app that makes it easy for businesses (both small and big) to create bank accounts from home for free.A friend and I started a business (4ward.ng) in 2016. It took another whole year to open a bank account for the business. We had the Corporate Affairs Commission (CAC) documents and all the usual stuff you'd need to open an account (like Nepa Bill) but more information was being requested by the bank when we'd visit to open an account. We succeeded in opening the account before 2017 ended. It was a lot of stress! I wish there were ways to make it easier at the time. There is now.
In this post, we will be looking at a Web app that allows you to create a business account (from bank accounts to invoicing tools) and manage this account from the comfort of your home. Before you ask, YES! It was created for Nigerians by Nigerians so you don't need any "special documents" to use it.
What is Prospa?
Prospa is a Webapp that makes it easy for businesses (both small and big) to create bank accounts from home for free. But that's not all. The platform has extra features such as Invoicing which allows you to basically request money from anyone or create invoices to pay your employees.
Personally, I like the fact that I can create a current account for my business and even other people's businesses with Prospa. Saves me a lot of stress.
What Else Do I Get When I Open an Account?
The usual benefits you receive when you open a bank account for your business and even more, actually.
- A fully operational Current Account
- An account number
- You can send and receive instant payments
- Human support 365 days a year
- A Debit Card
Is Prospa Free?
Yes. There is a free plan.
You can later upgrade your account to enjoy premium features and gain access to additional benefits.
Is Prospa Safe?
Yes. Prospa Technology Limited is a company duly registered under the Laws of the Federal Republic of Nigeria with RC Number: 1594615. Account numbers to all bank accounts opened on the platform are provided by Providus Bank Plc, a company duly registered under the Laws of the Federal Republic of Nigeria with RC Number: 198892 and duly licensed by the Central Bank of Nigeria.
Are Accounts on Prospa Insured?
Yes, all accounts on Prospa are insured up to the NDIC limit. Prospa works with NDIC-insured banks to store your deposits, namely Providus Bank and Alpha Kapital Microfinance Bank.
Can I save with it?
Sure. Every Prospa account comes with a bank account number you can receive money in. You can also send money with it. It's your business account. Own it.
How do I register?
Visit getprospa.com
Fun Fact: I have never stopped calling them "Get Prospa" lol
I Have More Questions
I understand. Most of the questions you may have are already answered here
You can also email: [email protected] or Call: (234) 907 2191 521
Reach out to the contacts above if you need help. They are always more than willing to help
My thoughts
I have always liked the idea of not going to the bank for any reason. I mean you already have to go through the stress of sorting your NEPA bill, registering your business name etc. in the name of setting up a business. Why should it be so hard to open an account and receive money from customers? I also like the fact that there are so many other features on Prospa - like the Invoicing feature. Sorry Invoice NG. I'm really looking forward to the other features they're working on - and that business loan option too!
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