💡 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 |
|
|
Nature and Purpose of the business relationship |
|
|
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 |
|
Proof of Address | Proof of address for the principal place of business:
| Proof of address for the principal place of business
|
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:
| Either of:
|
Application Signatory |
|
|
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 |
|
|
Nature and Purpose of the business relationship | Either of:
| Either of:
|
Application Signatory | Signatory must be a registered proprietor |
|
Related parties |
|
|
Proof of Address | Proof of address for the principal place of business | Proof of address for the principal place of business (Form3) |
Do you need further assistance?