Skip to content

Business Account

Stop running your business from your personal account.

A separate account in the business name, with up to five people on it, earning 10% a year.

Open a business accountSee all rates

10%a year, on your trading balance

10%
a year on the balance
5
people on one account
₦0
monthly fee
2 days
to open with a CAC certificate

How it works

How Business Account works

Four steps at the most, and none of them involves a branch.

  1. 1

    Register the business, or bring the certificate

    A CAC business name is enough. If you do not have one we can register it for you for ₦18,000.

  2. 2

    Add the people who need access

    Up to five, each with their own login and their own limit. You choose who can approve what.

  3. 3

    Keep trading money separate

    Which is what makes a loan application possible later — a lender can see the business, not your personal spending.

In the app

This is Business Account, as you will actually see it

Not a screenshot. Everything in this phone is the same code the app is built from, drawn live in your browser.

Get the appOpen a business account

Okafor Textiles

Business balance
₦4,820,000

+₦640,000 this month

₦2.1m
Restock pot
₦860k
Tax pot

Takings, last 12 weeks

Today

Ariaria supplierTransfer · today-₦1,400,000
Till sweepAuto-save · today-₦120,000

What you need

  • Your CAC certificate, or your business name registration.
  • The BVN and ID of every signatory.
  • A photo of the shop, stall or workspace.
  • Two months of trading records — a notebook photographed is accepted.

Every deposit with us is insured by the NDIC. You do not apply for that cover and you are not charged for it.

Open a business account

Rates and limits

Interest on balance
Worked out daily, paid monthly
10% p.a.
Signatories
Up to 5
Daily transfer limit
₦20,000,000

What it costs

Opening the account
Free
Monthly maintenance
Free
Transfer to another bank
Up to ₦50,000. ₦50 above
₦25
Bulk payment
Per beneficiary, on a batch of 20 or more
₦10
CAC registration, if you need it
Once, paid to us, includes the CAC fee
₦18,000

Questions

The things people ask before they start

If yours is not here, call us on the number at the bottom of this page and a person will answer.

Not a business account — the CBN requires a registration. But you can open a personal account today and trade from it, and we will register the business for you for ₦18,000, which usually takes a week. Plenty of our customers start exactly there.

Because when you come to borrow, a lender has to be able to see what the business earns. A mixed account shows school fees and market stock in one list, and the honest answer is that it usually gets a smaller loan than the business deserves.

People also look at

Business Savings

Keep your trading money separate and earn on the balance.

12%a year, and you can still reach it

Learn more about Business Savings

Working Capital Loan

Buy stock now and repay as you sell.

From 4%a month, repaid daily or weekly

Learn more about Working Capital Loan

Agent Banking

Earn a commission serving your community as a Citadele agent.

₦180,000average monthly commission

Learn more about Agent Banking

Licensed by the CBN · Deposits insured by NDIC

Open Business Account in five minutes, on your phone.

Your BVN, a photo of your ID and a selfie. No branch, no forms, no minimum deposit.

Open a business accountTalk to someone first