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At ClearPay, we are guided by our mission to deepen financial inclusion in Sub-Saharan Africa.

Office Address

5B 022, Annex III Federal
Secretariat Phase 1, Abuja, Nigeria

Frequently Asked Questions

Is ClearPay MFB a registered and licensed bank?

We are registered with CAC and licensed by Central Bank of Nigeria (CBN).

How safe is my money with ClearPay MFB?

Your money is safe because we secure your deposit with National Deposit Insurance Commission (NDIC).

What type of account can I opened with ClearPay MFB?

  1. Current Account (Individual and/or Corporate).
  2. Savings Account.
  3. Fixed Deposit Account (Individual and/or Corporate).
  4. Flourish (Children) Account.

What documents do I need to open a personal account?

  1. One passport photograph.
  2. BVN.
  3. Duly completed account opening form.
  4. Valid ID card (Driver licence, National ID Card, PVC, International passport).
  5. Recent utility bill.
  6. 2 duly completed references (Current account).

What is Fixed deposit account?

A Fixed Deposit account allows you to save for a period while giving you competitive interest rates on your savings. While the minimum saving period is 30 days, you can choose to save for 30, 60, 90, 180, 360-day intervals.

Will I be paid interest on Fixed Deposit Account?

You can earn as high as 18% interest on your fixed deposit account. However, please note this is subject to review based on market realities.

How is interest on Fixed Deposit Account paid?

Interest can be paid into your account upfront, monthly or at end of tenure.

Can I liquidate my Fixed deposit account before maturity?

Yes you can but subject to penal charge.

How do I get my account statement?

You can request an account statement for a specific period.

What is your interest rate on Savings Account?

The interest rate currently is 4% per annum while Flourish Account(Children) is 6%.

Does ClearPay MFB Ltd gives loan?

Yes we give loans to customers.

What type of loan do you give?

We give personal loan, SME Loan, Home appliances loan, Salary advance, etc.

How long does it take to get a loan?

We give personal loan, SME Loan, Home appliances loan, Salary advance, etc.

What is your interest rate on loan?

Our interest rate differs depending on the loan amount and type of loan. However, it is very competitive.

Where is your office located?

We are at Suit 5B 022, Annex III, Federal Secretariat, Phase 1, Abuja.

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