Parallex Bank Branches in Nigeria

If you want to know where to find Parallex Bank branches in Nigeria, you’ve come to the right place. In addition to the addresses of Parallex Bank branches we’d provide in this article, we’ll also discuss the products and services that are available to private individuals and businesses. Read on.  

Parallex Bank Branches in Nigeria

Parallex Bank branches in Nigeria would be mentioned below:

  • Parallex Bank Headquarters, Victoria Island

Address: Plot 1261, Adeola Hopewell Street, Victoria Island, Lagos State 

Email Address: customercare@parallexbank.com & info@parallexbank.com 

Phone Number: 070072725539 

Fax: 017002600

  • Parallex Bank Marina 

Address: No. 37 Marina, Lagos Island, Lagos State 

Email Address: customercare@parallexbank.com & info@parallexbank.com 

Phone Number: 070072725539 

Fax: 017002600

  • Parallex Bank Benin City

Address: No. 1, Christ Embassy Way, Off Oba Erediawa Road, Off Ekehuan Road, Benin City, Edo State

Email Address: customercare@parallexbank.com & info@parallexbank.com 

Phone Number: 070072725539, 

08126193970

Fax: 017002600

  • Parallex Bank Calabar 

Address: No. 16, Eyo Etta Street, off Barracks Road, Calabar, Cross River State 

Email Address: customercare@parallexbank.com & info@parallexbank.com 

Phone Number: 070072725539 

Fax: 017002600

  • Parallex Bank Port Harcourt 

Address: No. 82 Psychiatric Road, Rumuigbo, Port Harcourt, Rivers State

Email Address: customercare@parallexbank.com & info@parallexbank.com 

Phone Number: 070072725539 

Fax: 017002600

  • Parallex Bank Effurun 

Address: 106 Effurun-Sapele Road, beside Agape Gospel Mission, Effurun, Delta State

Email Address: customercare@parallexbank.com & info@parallexbank.com 

Phone Number: 070072725539 

Fax: 017002600

  • Parallex Bank Abuja 

Address: Plot 105, Ademola Adetokunbo Crescent, opposite AP Plaza, Wuse 2, Abuja

Email Address: customercare@parallexbank.com & info@parallexbank.com 

Phone Number: 070072725539 

Fax: 017002600

  • Products and Services of Parallex Bank 

Parallex Bank offers a range of banking solutions tailored to meet the needs of individuals and businesses. As you’ve seen, there are only a handful of Parallex Bank branches in Nigeria. With the Parallex Mobile app, customers can do almost anything without having to pay a visit to any of the above-listed branches. Before we proceed to tell you what banking products and services Parallex Bank offers private individuals and businesses, we need to run you through the process of opening and activating an account with Parallex Bank by using the Parallex Mobile app. Below is the step-by-step guideline on how to open and activate an account with Parallex Bank: 

  • Search for and download the Parallex Mobile App from Google Play Store if you use an Android device. If you use an iPhone or another iOS device, get the app from the App Store 
  • Launch the recently installed app by tapping the “Sign Up” button. 
  • Next, click “No” to indicate you have no account with Parallex Bank
  • Provide your required information in the boxes provided 
  • Verify your identity by supplying the OTP (one-time password) sent to your phone number or email address 
  • Create your desired username, strong password, and PIN. Click “Proceed” to get to the next stage
  • Confirm that you are human by following the prompts to take an automatic selfie snapshot of yourself in a well-lit environment 
  • Choose the type of account you want to open. Also, select naira as your currency, GMT+1 as your time zone, then input your address 
  • Enter a unique Parallex Bank account number by inputting 7 preferred digits, then submit 

Now we’ve discussed how to open an account with Parallex Bank remotely, let’s dive into the banking solutions available to private individuals and businesses.

  • Parallex Personal Banking Products and Services 

The range of banking solutions Parallex Bank offers private individuals include Parallex Savings Account, Parallex Current Account, Parallex Fixed Deposit Account, and Parallex Debit Card. We will discuss each of these offerings in the next paragraphs. 

The Parallex Saving Account offers customers a high-interest and low-charge savings account. There are variants of the Parallex Savings Account which include the Classic, Target, Salary, Youth, and Kids Savings Accounts. The perks of the Parallex Savings Account include free debit card issuance and delivery, 5 free interbank transfers daily, high interest on Target Savings, and more. 

The Parallex Current Account offers customers a lot of amazing opportunities to enjoy. One of the major perks associated with the Parallex Current Account is the opportunity for customers to access loans up to N10,000,000.00. Additionally, customers who run a Current Account enjoy zero maintenance fees, 5 free interbank transfers, a real-time spending overview, and 10 free monthly withdrawals on any ATM. 

The third type of account available to private individuals is the Fixed Deposit Account. This account is best suited for those who have idle funds lying around. With your funds in Parallex Fixed Deposit Account, you get to enjoy a high Return on Investment (ROI). At the expiration of the fixed deposit tenure, customers could cash out the interest on their initial capital or choose to reinvest the acquired funds back into another fixed deposit tenure. 

The Parallex Debit Card is another outstanding product available to Savings and Current Accounts customers to make swift payments, online and offline, as well as in Nigeria and outside the country. The Parallax Bank Verve debit card can be used 24/7, protected by secure chip and PIN technology. 

  • Parallex Business Banking Products and Services 

Businessmen and women can rely on the banking solutions provided by Parallex Bank to run the financial aspect of their businesses. There are several business current accounts that one could use to seamlessly carry out business-related transactions, at a discounted service charge. The Parallex Classic Business Account, Parallex Premium Business Account, and Parallex Platinum Business Account are the different accounts available for businessmen. 

Parallex Bank also provides businesses with POS to help in receiving payments. With the POS, businesses can provide their customers with an alternative to make payments whenever they aren’t with cash. 

Another feature of Parallex Business Account is the corporate Internet banking platform which makes the handling of finances easier. Business owners can easily get an e-statement of their account balance as well as make bulk transfers. 

  • Parallex Bank Agency Banking 

Agency Banking provides an opportunity for people to earn money working as a Parallex Bank agent. As an agent, you’d be expected to refer people to bank with Parallex Bank. The perks an agent enjoys include the following: 

  • Competitive pricing 
  • High commissions on account opening 
  • Gamified incentives 
  • Cashback and data sponsor 
  • Refer and earn
  • Board of Directors of Parallex Bank

Parallex Bank has a six-man board of directors chaired by Dr. Adeola Adejoke Phillips. Below are the members of the Parallex Board of Directors:

  • Dr. Adeola Adejoke Phillips (Chairman) 
  • Olufemi Bakre ( Managing Director) 
  • Thomas Ehis Amenkhienan (Non-Executive Director)
  • Vale Odu-Thomas (Non-Executive Director) 
  • Adeniyi Adewale Oluwole-Isaac (Independent Non-Executive Director) 
  • Okpokor Ezewu (Independent Non-Executive Director) 

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