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Financial

Banking

Parallex Bank

About Company

Overview

Information

Review

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Parallex Bank

Nigeria

22 May 2020 (4 Years)

22 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

2.95/5

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0.00

Traffic & Engagement

2.67

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License

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

License

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

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Reviews

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Review Analytic

Yusuf Garba Yargamji

Direct review

Excellent

Overall Thought

This Bank is extremely developing, I first opened the account online and later found that I can own a Verve debit card delivered to my doorstep for completely free, I mean no fees for both the card and the delivery. What a service? Less monthly charges, free transfers, seamless transactions, bills payments and many more. Order their card, you'll have it delivered for free. I can't say enough, but no doubt, Parallex is one in a million. Keep up the flow 🎊

Aug 25, 2023

gideonserime

Direct review

Great

Overall Thought

The experience for me has been smooth. Used this app for the past 3 months and over and it is very very excellent. Customer service and mails is excellent and email notifications of credit and debits alert. The only thing I'd suggest is if we can have real time sms alert, when we receive alert, that will be lovely. Overall it has been smooth and excellent.

Aug 15, 2023

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Parallex Bank

Reviews

| Total 22

Reviews

| Total 22

AI Review analysis

Let’s TrustFinance AI Summarize all the reviews for you.

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Ndidi Sylvester imasi

Direct review Dot icon

15 May

Overall Thought

Great

Easy banking services and good networking A nice bank

ebryhimartvisual

Direct review Dot icon

29 Aug

Overall Thought

Excellent

Parallel financial institution is starting to be the people's Bank. The financial institution's client family members is satisfactory. Product and offerings are exceptional.

Yusuf Garba Yargamji

Direct review Dot icon

25 Aug

Overall Thought

Excellent

This Bank is extremely developing, I first opened the account online and later found that I can own a Verve debit card delivered to my doorstep for completely free, I mean no fees for both the card and the delivery. What a service? Less monthly charges, free transfers, seamless transactions, bills payments and many more. Order their card, you'll have it delivered for free. I can't say enough, but no doubt, Parallex is one in a million. Keep up the flow 🎊

nazifikhalidaminu

Direct review Dot icon

21 Aug

Overall Thought

Great

Parallel bank is beginning to be the people's Bank. The bank's customer relations is satisfactory. Product and services are exceptional.

Oyeniyi Ayomide

Direct review Dot icon

18 Aug

Overall Thought

Great

This bank has never let me down for once cause they keep improving the aspect that made me like the bank the more was when they did the ussd code which is very fast no matter when needed kudos