Business account
An account in your company's name, ready for day-to-day money.
Licensed by the CBN. Insured by NDIC.
Business banking
for registered companies.
Collect payments, pay suppliers and give your team the right access, all in one place.
You need your CAC registration and your directors' BVN and NIN.
Payment received₦50,000.00 · Collection account
Regulation
Licensed by the CBN.
Insured by the NDIC.
Bloc Microfinance Bank operates under a licence from the Central Bank of Nigeria. Deposits are insured by the Nigeria Deposit Insurance Corporation, subject to its limits.
Licensed by the CBNCentral Bank of Nigeria
Insured by NDICNigeria Deposit Insurance Corporation
NDPA compliantNigeria Data Protection Act
What you get
Business banking products.
Collect payments
Give each customer or branch their own account number to pay into.
Transfers
Pay suppliers at any Nigerian bank. You see the fee before you confirm.
Payroll and bulk payments
Pay all your staff across different banks in one batch. Each payment is confirmed and logged.
Team access
Role-based permissions, so each person only sees and does what they need.
Statements
Download PDF statements for reconciliation, tax filing and audit.
Supply chain finance
Do not let cash flow slow your business.
Get access to working capital tied up in invoices and purchase orders, so you can pay suppliers and fulfil orders. You repay on a schedule built around your cash cycle. Apply through our business banking team at support@blocmfb.com or in the app.
Talk to our teamInvoice financingUnlock cash tied up in outstanding invoices.
Purchase order financingFund orders before your customer pays.
Supplier payment financingPay your suppliers now and repay on your terms.
Working capital facilitiesFor businesses growing faster than their cash flow.
Built for teams
Your whole team, one account.
- Add team members to the account
- Choose what each person can do
- Download statements for your records
How it works
Open your account online.
1
Tell us about your businessAdd your company name and CAC registration number.
2
Verify your directorsEach director adds a BVN and NIN, then takes a selfie.
3
Start bankingYou see the status of your application. Your account number is ready when we finish checking.
Have these ready
- Your CAC registration details
- BVN and NIN for each director
- A phone number and email for your business
- Your business address
Virtual accountsCreate account numbers for your customers in bulk.
BVN validationCheck a customer's BVN from your own app.
Fees you can see before you confirm.
Every transfer shows its fee first. Read the full guide to charges any time.
Who can open a business account?
SMEs, growing businesses and corporates across Nigeria: registered limited companies, sole traders and growing enterprises.
What is supply chain finance?
It gives your business access to working capital tied up in invoices or purchase orders. Instead of waiting 30, 60 or 90 days to be paid, Bloc advances the funds, and you repay on a schedule built around your cash cycle. Email support@blocmfb.com or use the app to apply.
Can Bloc run my payroll?
Yes. Pay all your staff across different banks in one batch. Each payment is confirmed and logged.
Can my team use the account?
Yes. You add team members and choose what each person can do.
Are my deposits insured?
Bloc Microfinance Bank is licensed by the Central Bank of Nigeria. Deposits are insured by the NDIC, subject to its limits.
How do I collect payments from customers?
Give each customer or branch their own account number. Payments land in your account and show in your statement.
Can I connect Bloc to my own software?
Yes. Our API covers virtual accounts and BVN validation. Email support@blocmfb.com to talk to us.
How do I get help?
Email support@blocmfb.com.
Open a business account.
Start your application online. You will see its status as soon as you submit it.
