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Documents required to apply for a Chipper Business Account

Christine avatar
Written by Christine
Updated yesterday

💡 Please note that the business account feature is currently only available in Nigeria.

NIGERIA

Frequently Asked Questions

How does it work?

You can apply via this web link - https://business.chippercash.com/. Please ensure all the details are correctly inputted and complete your submission. Then wait to receive a notification of approval via your registered email before you proceed to onboard on the Chipper app.

What happens if my business application is approved?

You will receive a notification via your registered email address.

How do I know if my business account application is rejected or approved?

A notification will be sent to you via your registered email address.

Country supported

We currently support only users in Nigeria.

Conditions that must be met to be able to apply successfully

You must have a registered business in Nigeria with no prior or existing Chipper business account.

What is the acceptable proof of address?

Any of the following: Electricity bill, Water Bill, Waste bill, or Bank statement in the business name

Is there a charge for applying?

There is no charge for the application or account number generation

Will I be using the web version to operate the business account?

No, you would be using the app. The web application is only for getting to know your business and receiving the relevant documents for your business.

My business account is not yet verified, can I complete the application in-app?

No

Will the account be in my business name?

Yes

Can I have two different accounts: one for individual and the other for business?

Yes

How long do I have to wait to get verified?

2-3 days

Can I have more than one business account?

No

What is the transaction limit for the business type?

N10 million daily, which consists of all the P2P, cash out, bill payment, and airtime transactions. Card transaction limit does not increase.

What are the documents required to apply for a Chipper Business Account?

BUSINESS NAME/SOLE PROPRIETORSHIP

COMPANIES LIMITED BY SHARES

Legal Entity

  • Certificate of registration

  • Status report/ CACBN1 - Application for registration of business name

  • Certificate of incorporation

  • Status report or CAC 1.1 (CAC7 where there is change in Director and CAC 2 when there is a change in share capital) and

  • Memorandum and Articles of Associations.

Nature and Purpose of the business relationship

  • TIN ( Tax Identification Number)

  • Evidence of filing annual returns if CAC profile is inactive, (or Tax Exemption Certificate where applicable)

  • TIN (Tax Identification Number)

  • Evidence of filing annual returns if CAC profile is inactive, (or Tax Exemption Certificate where applicable)

Application Signatory

The signatory must be a registered proprietor

Signed Board Resolution by at least two directors or 1 director + company secretary appointing the signatory to the account

Related parties

Means of Identification for the applicant

  • Means of ID for directors and their BVN

  • Means of ID for shareholders

  • Proof of address of Directors

Proof of Address

Proof of address for the principal place of business:

  • Deed of lease/tenancy agreement

  • Utility bill

  • Statement of Account

  • Regulatory license (where applicable)

Proof of address for the principal place of business

  • Deed of lease/tenancy agreement

  • Utility bill

  • Statement of Account

  • Regulatory license (where applicable)

UGANDA (Currently not available)

BUSINESS NAME/SOLE PROPRIETORSHIP

COMPANIES LIMITED BY SHARES

Legal Entity

Certificate of registration Trade license

Certificate of Incorporation Certificate of registration

Nature and Purpose of the business relationship

TIN Registration

Bank statement/TIN certificate/latest audited account (not mandatory) Memorandum and Articles of Association Trading License

Application Signatory

The signatory must be a registered proprietor

Board resolution authorizing opening the wallet and signing mandate

Related parties (Directors/Shareholders)

Means of identification (National ID)/Utility bill of the proprietor

Means of identification (National ID) /Utility bill of the individual directors

Proof of Address

Registered address - Trading License

Proof of address for the central place of business Company Form 18

RWANDA (Currently not available)

BUSINESS NAME/SOLE PROPRIETORSHIP

COMPANIES LIMITED BY SHARES

Legal Entity

Certification of Incorporation

Certification of Incorporation Memorandum and articles of association

Nature and Purpose of the business relationship

Either of:

  • Tax Clearance Certificate

  • Company Profile and/or website URL showing business activities if applicable

  • Open Source searches

  • The licence under which an entity operates (For regulated business)

Either of:

  • Tax Clearance Certificate

  • Company Profile and/or website URL showing business activities if applicable

  • Open Sources searches

  • The licence under which an entity operates (For regulated business)

Application Signatory

  • The signatory must be a registered Member

  • Members/Shareholders resolution authorizing the establishment of a relationship with Chipper Cash.

  • The signatory must be a registered Member

  • Members/Shareholders resolution authorizing the establishment of a relationship with Chipper Cash.

Related parties

Means of identification and proof of address for all the directors

Means of identification and proof of address for all the directors

Proof of Address

Proof of address for the principal place of business (Optional)

Proof of address for the principal place of business (Optional)

GHANA (Currently not available)

BUSINESS NAME/SOLE PROPRIETORSHIP

COMPANIES LIMITED BY SHARES

Legal Entity

  • Certificate of Registration – (original/certified true copy).

  • Form A – registration of business names (original/certified true copy).

  • A copy of appropriate registration certificate/license from regulatory body (Where Applicable)

  • Registration of Business Act (Form A

  • Certificate of Incorporation. ·

  • Certificate to commence business

  • Company regulations or articles of association

  • Form 3 confirming registered office address

Nature and Purpose of the business relationship

Either of:

  • Latest Bank statement/Annual returns

  • Tax Clearance/TIN Certificate

  • Company Profile and/or website URL showing business activities

  • Open Sources searches

  • Regulatory license or certificate (where necessary)

Either of:

  • Latest Bank statement/Annual returns

  • Tax Clearance/TIN Certificate

  • Company Profile and/or website URL showing business activities

  • Open Source searches

  • Regulatory license or certificate (where necessary)

Application Signatory

Signatory must be a registered proprietor

  • Signatory must be appointed by the board and conferred the power to sign on all bank accounts and establish the relationship with Chipper

  • Board Resolution evidencing the appointment of signatory(LTDs)

  • Copies of Identification Documents (Driver's License, International passport, National I.D Card,)

  • Email addresses of Directors and Signator

Related parties

  • Copies of Identification Documents (Driver's License, International passport, National I.D Card,)

  • Residential and business postal addresses (GPS Code, utility bills, Tenancy agreements)

  • Email addresses of Direct

  • Copies of Identification Documents (Driver's License, International passport, National I.D Card,)

  • Residential and business postal addresses (GPS Code, utility bills, Tenancy agreements)

  • Email addresses of Direct

Proof of Address

Proof of address for the principal place of business

Proof of address for the principal place of business (Form3)

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