[Nigeria] Business Account Documents
Frequently Asked Questions
What is the transaction limit for business accounts?
₦10 million - ₦100 million daily, which consists of all the P2P, cash out, bill payment, and airtime transactions. The card transaction limit does not increase.
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 please wait to receive a notification of approval via your registered email before you go ahead and onboard 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.
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.
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 an individual and the other for a business?
Yes
How long do I have to wait to get verified?
2-3 days
What is the transaction limit for the business type?
₦10 million - ₦100 million daily, which consists of all the P2P, cash out, bill payment, and airtime transactions. The 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 |
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Nature and Purpose of the business relationship |
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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 |
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Proof of Address | Proof of address for the principal place of business:
| Proof of address for the principal place of business
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[USA] Business Account Documents
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 please wait to receive a notification of approval via your registered email before you go ahead and 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.
Conditions that must be met to be able to apply successfully
You must have a registered business in the USA with no prior or existing Chipper business account.
What is the acceptable proof of address?
Any of the following: Lease Agreements, 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.
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 an individual and the other for a business?
Yes
How long do I have to wait to get verified?
2 to 3 business days
What is the transaction limit for the business type?
USD 6000 daily, which applies to transfers. Card transaction limits do not increase.
What do I do after I receive the application approval notification?
Please proceed to complete the process via the Chipper App by signing up with your registered email and following the prompt before you start operating your business account.
What are the documents required to apply for a Chipper Business Account?
| DOCUMENTS REQUIRED |
Sole Proprietorships |
** We would need to validate the owner's Social Security Number (SSN) |
Partnerships |
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Limited Liability Company (LLC) |
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Corporations |
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Limited Liability Partnership (LLP) |
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Financial Document Verification |
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Address Verification |
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Do you need further assistance?