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According to Olufemi, the Parallex mobile app has unique features and benefits that are quite rare in this market. On the app, customers can choose to create their unique account numbers, increase their transfer limits, make five free transfers per day to any bank in Nigeria. They can request for free debit cards, which will be delivered to them for free. They will receive prompt responses to enquiries.
Beyond the app, Femi added that customers will enjoy zero maintenance fees while current account holders will further enjoy up to 5% interest rate provided they maintain a minimum average balance of N100,000 ($200).
The bank which began as a micro-finance bank is now a full blown commercial bank.

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