Pryme
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Pryme Personal

Money with a heartbeat.

Meet Eva, the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals and follows up. Nothing leaves your account without your approval.

Meet Eva, the assistant inside the Pryme app. She holds dollars, pounds, euros and Naira side by side, swaps at a locked rate, pays bills in any of them and sends anywhere, asking before anything moves.

HomeEvery currency, every Box and every card on one screen.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Savings BoxesFlexible, Fixed, Investment and Interest-free, side by side.
Create a BoxPick the type, name the goal. Eva works out what to move, and when.
LoansSpaces credit and Salary Advance. Draw only what you need.
Invite friendsThree friends, ₦50,000 each, and ₦20,000 lands with you.
YouEva’s voice, your plan, your address and every security control.
Duress signalA word that looks normal on screen while your people are alerted.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Swap at the live rateOr name the rate you want and she swaps the moment it lands.
One card, every currencySpend from whichever balance suits, and freeze it from the app.
What Eva may do without askingStanding permissions, a voice, and a record of every rule you have given her.
Receipts anyone can verifyRegular or certified statements, e-signed and checkable by whoever receives them.
Open a personal account How we keep your money safe
Pryme app: Home
Pryme app: Chat with Eva
Pryme app: Savings Boxes
Pryme app: Create a Box
Pryme app: Loans
Pryme app: Invite friends
Pryme app: You
Pryme app: Duress signal
Pryme app: Chat with Eva
Pryme app: Swap at the live rate
Pryme app: Multicurrency card
Pryme app: What Eva may do without asking
Pryme app: Receipts and statements
MoneyAgentsApprovalAgentsEvery currencyYour approval

Open an account. Get money to spend.

Global money. Intelligent growth.

We give you a limit to spend at the shops and services you already use — and an account that works on your month while you get on with it. Dollars, pounds and euros sit beside your Naira, and an assistant handles the running of it, asking you first every single time.

One global account for your money and business. Move across currencies, automate everyday operations and put AI agents to work — with you in control of every important decision.

Open Personal or Business Account Already with us? Log in
Open a Business account Download the app for Personal Open an account from anywhere
Pryme app home: every currency on one balance
Personal · the app in your hand
Salary landed₦920,000 from John Doe Ltd · Naira account
Done
Move ₦100,000 to your Rent Box?Keeps ₦127.9m liquid · earns 18% p.a.
Approve
Paid Ikeja Electric₦18,400 · token sent by SMS
Done
Swap $200 → ₦310,000?Rate locked at ₦1,550 for 30 s
Approve
Held a ₦150,000 transferNew payee · unusual hour · needs you
Review
Received $2,400From a client · USD account
Done
Swap $200 → £—?Rate locked for 30 s
Approve
Paid the light bill at home₦18,400 · Ikeja Electric
Done
Keep $1,000 liquid, save the rest?$1,400 → Flexible Box
Approve
Held a £2,000 transferNew payee · needs you
Review
Eva is live
500,000+customers, personal and businessScan to get the app
Get the appScan with your phone camera
Regulated partnersEvery currency held with a licensed institution in its market
Solid AllianzeCBNNDIC
Scan to get the app
Get the appScan with your phone camera
Instant settlementOur own core ledger: swaps land at once, every receipt verifiableScan to get the app
Get the appScan with your phone camera
Agents with a mandatePowered by Pryme Intelligence. Nothing moves without youFlip
Pryme Intelligence
Eva, the assistant that runs a Pryme accountEvayour assistant
The Chief of Staff agent on a Pryme Business AccountDanielChief of Staff
The Finance agent on a Pryme Business AccountBenFinance
PrymeBruceCare
Inside a mandate you write. Every action logged.
Multi-currency30 currencies on one balanceFlip
Locked rates30 s
🇺🇸 1 USD—
🇬🇧 1 GBP—
🇪🇺 1 EUR—
The rate you see is the rate you get.
10 years2016 to today, one trunkScan to get the app
Get the appScan with your phone camera
Business Account

Open an account. Get customers.

Your competitor down the road sells the same thing you sell. The difference is who walks in. We put money in people’s hands that can only be spent in businesses like yours — and then we point them at you.

The Pryme Business home page: three currency balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into
Spaces · Nigeria

We hand the customer the money. It can only be spent with you.

You are not borrowing. You are selling to somebody who already has the money — and that money can only be spent with a business like yours.

The business · Pryme Business
johndoe.mypryme.com · Spaces

Spaces Showing 30 days

Spaces is onshoppers near you can see your shop
Spaces brought you · 30 days ₦2,578,550.00 104 sales from 71 shoppers ▼ 4% on the period before
Where the money came from
91% shoppers who had been in before 9% first visit to your shop
21 of 71 came back more than once Average basket ₦24,793.75 Biggest shopper ₦142,300.00
24 Jul returningnew to you 22 Aug
Money on its way to you confirmed at the counter · on its way to your Naira account
Confirmed at the counter ₦47,150.002 sales today · final the moment they paid
Sales of 23 Aug₦90,9503 sales · confirmed
Sales of 24 Aug₦196,2005 sales · confirmed
Sales of 25 Aug₦47,1502 sales · confirmed
nothing for you to do · it arrives on its own
Lands in your NGN account ₦334,300.0010 sales in flight
The shopper · Pryme app
4:34
‹
BorrowLoans
SpacesSalary Advance
Spaces credit₦21,450 available
Repay ₦78,550
₦78,550 in use₦100,000 limit
Hold 25% · repay 2 more early to drop to 20%

₦100,000 from day one · agreement v2.1 · 12 Aug · View

Near youCategories 9Your loans 9
🛒Grocery / Retail4 places
🍽Eateries / Restaurants4 places
💊Pharmacies3 places
🎬Movies & Cinema3 places
🚌Transport3 places
💇Spa’s & Saloons3 places
Say “Hey Pryme”🎤
HomeBoxes CardsYou
Freeto join, nothing monthly. You are in the app the day you switch it on.
You get paidthe sale settles into your Naira account. Nobody to chase.
Zero riskwe carry the credit, whether or not the shopper repays us.
You growfaces that had never been to your shop — and most come back on their own.
The account

One account. Every currency you trade in.

Pryme Business4 currencies · one ledger
Base
₦127,328,879.23NGN · Nigerian Naira
$1,240.00USD · US Dollar
£480.00GBP · Pound Sterling
€310.00EUR · Euro
  • A named Naira account with Solid Allianze MFB — NDIC insured, your business name on it.
  • Real details abroad. A US account number, a UK sort code, an IBAN for the euro area.
  • Every currency has its own statement — regular or certified, with a code anyone can verify.
Swapping · in the app
4:34
‹···
Current account · NGN ₦127,328,879.23
SwapBoth balances move at once, on one ledger
Fill it inAsk Eva
$1 = ₦1,650.00
FromNGN ▾
250,000Available ₦127,328,879.23
ToUSD ▾
151.52after swap $1,391.52
Rate$1 = ₦1,650.00
Fee—
You get$151.52
NowWhen it hits

Eva waits for your rate and asks before she moves anything.

Target rate
$1 =1,585.00₦
Set the watch
Pryme Pay

Take money on your site, or on a checkout of your own.

No card, no OTP, nothing for the buyer to type in. They transfer from the bank app they already use, and the money lands in the same account your agents are running — already matched to the order, already in your books.

Pay from your bank app

We give the buyer a one-time account number. They transfer to it from any bank app or by USSD — no card, no OTP, nothing to type in.

Get the account number
  • Card details are never asked for, so they cannot leak.
  • The account is used once, then it closes.
  • Held with a licensed bank, insured by the NDIC.
Transfer exactly this amount

To this account, from any bank app. We watch it, and the page updates itself.

Send exactly₦26,767.50Copy
BankSolid Allianze MFB
Account number0000 000 000Copy
Account namePRYME / JOHNDOE‑ORD1042
Watching the account — nobody has to confirm anything.
Payment received

₦26,767.50 from GTBank · John D., matched to order ORD‑1042.

OrderORD-1042
Settled intoJohn Doe Trading Ltd · Naira account 0000 000 000
Receiptsent to the buyer
Get your receiptRun it again
Your checkout, your brand.On the site you already have, in your colours, on your own domain — or on a page we host for you.
A link for anything you sell.One price, one buyer, one link — sent on WhatsApp, Instagram or email, and paid the same way.
It lands already reconciled.Matched to the order, receipt issued, and in your books before you have looked at it.
Business Account

A team you did not have to hire.

Five agents come with the account. Each one has a job description, a budget and a ceiling you set. They do the work and bring it to you — nothing leaves the account without your signature.

CS Chief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised — and keeps all three moving.

Booked a meeting with John Doe Foods for Thursday 11:00.
FI Finance Watches the money

Keeps the books as you trade and tells you the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SA Sales Chases what is owed

Goes back to the buyers who went quiet, with the receipt already attached.

Recovered ₦410,000 across three overdue invoices.
SU Customer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Build on Pryme

Our rails, under your product.

Issue a dedicated Naira account number to each of your own customers, collect into it and reconcile against it. The same rails the Business Account runs on, with the licence behind them.

Read the API
Pryme Business

One business account. Every currency you trade in.

Dollars, pounds and euros beside a Naira account, on one ledger and one set of books. Five agents come with it and run the account — nothing leaves without your signature.

The Pryme Business home page: Naira, dollar and pound balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into

A team you did not have to hire

Five agents come with the account. Each has a job description, a budget and a ceiling you set. They do the work and bring it to you — they propose, you approve.

CSChief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised, and keeps all three moving.

Booked the quarterly review with your auditor for Thursday.
FIFinance Watches the money

Keeps the books in every currency you hold and flags the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SASales Chases what is owed

Goes back to the buyers who went quiet, with the invoice and the receipt already attached.

Recovered $12,400 across three overdue invoices.
SUCustomer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Open a business account

Ten years, one trunk

The business has changed shape four times and never changed what it was rooted in. Each version was built out of what the last one could not do.

2016E-commerce

An online grocery store, built out of a faulty tab. Selling the food was the easy part — taking the money for it, and moving it, turned out to be the business.

2018OjirehPrime Card

A prepaid card. The first time the company issued rather than resold, and the first time it carried the obligations that come with holding somebody else’s money.

2020Microfinance bank

PrymeSolid Allianze acquired — an existing bank with an existing licence. The perimeter stopped being someone else’s to draw.

2023Multicurrency

More than one currency on one balance, and the rebrand to Pryme. A Nigerian business could hold dollars without holding a second institution.

2026Agentic operations

Accounts that do the work rather than only hold value. Five agents on the account, inside a policy you write — which is where the new mark starts.

Questions

The things people ask us first.

What is Pryme?

Pryme is a financial technology company. It gives people and businesses in Nigeria one account that holds Naira alongside dollars, pounds and euros, and a set of agents that do the running of it — keeping the books, chasing what is owed, answering customers and paying bills. Nothing leaves an account without the owner’s approval.

Can I hold dollars, pounds and euros in a Pryme account?

Yes. A Pryme account holds Naira, US dollars, pounds sterling and euros side by side on one ledger, each with its own account details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area. You can swap between them at a rate you set, and every currency has its own statement.

What is Spaces?

Spaces is available in Nigeria. It gives a shopper money to spend that can only be spent with a participating business. The business is paid into its Naira account whether or not the shopper repays, because Pryme carries the credit. For the business it is free to join, there is nothing monthly, and the customer’s identity is never shown — only a reference and what it is worth.

What do the agents on a Pryme Business Account do?

Five agents come with the account. The Chief of Staff runs the week and keeps what is stuck moving. Finance watches the money and keeps the books as you trade. Compliance keeps the filings on time and screens what moves. Sales chases what you are owed. Customer Support answers your customers and follows up. Each has a job description, a budget and a ceiling you set, and each one proposes rather than acts — nothing leaves the account without your signature.

How does Pryme Pay work?

Pryme Pay takes payments on your own site or on a checkout page you control. The buyer is given a one-time account number and transfers to it from any bank app or by USSD — no card, no OTP, nothing to type in. The money lands in the same account your agents are running, already matched to the order and already in your books.

What are Savings Boxes?

Savings Boxes are separate pots inside a Pryme account, held in Naira. Flexible Boxes can be withdrawn at any time, Fixed Boxes hold to a date, Investment Boxes hold for longer, and Interest-free Boxes earn nothing by design. A business can use them to ring-fence payroll and the tax it withholds, so that money cannot be spent by accident.

Who holds my money, and is it protected?

Pryme is a financial technology company, not a bank. Accounts and deposits are provided by Solid Allianze Microfinance Bank Limited, which is licensed by the Central Bank of Nigeria and is a member of the Nigeria Deposit Insurance Corporation.

Can I build on Pryme?

Yes. Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

What is Pryme?

Pryme is a financial technology company. It gives you one account that holds US dollars, pounds sterling and euros beside Naira, with an assistant that runs the account for you and asks before anything moves. Accounts are provided in Nigeria today, and further markets open as each licence lands.

Can I open a Pryme account from outside Nigeria?

Accounts are provided in Nigeria today, subject to verification and approval. Foreign-currency balances are held and converted inside that account, so you can hold, receive and swap dollars, pounds and euros wherever you are.

Which currencies can I hold with Pryme?

Naira, US dollars, pounds sterling and euros, side by side on one ledger. Each has its own details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area — and each has its own statement.

How do I send money to Nigeria with Pryme?

Swap at a rate you set rather than the rate of the day, then send to any Pryme username or to a Nigerian bank account. There is no fee to send to another Pryme account.

What does the assistant do?

Eva is the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals, pays what is due and follows up what is owed to you — and asks you before anything moves.

What is Pryme Rails?

Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

The Ledger

Notes on money that does the work: what we are building, what the regulation actually says, and how we think about letting software act on money. Read the Ledger

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Home · The Ledger · Banking reference
Data & reference

Cheque clearing in Nigeria: how long it takes and the rules

How cheques clear in Nigeria through NIBSS’s NACS system, how long it takes, the cheque standard and stamp duty, and what happens when a cheque bounces.

PR
Pryme researchReference desk · 17 Oct 2026 · 4 min read
The short answer

Nigerian cheques clear electronically through the NIBSS Automated Clearing System (NACS), which images the cheque at the bank where it is deposited instead of moving the paper; NIBSS says this allows same-day clearing and settlement of interbank cheques, though when your bank makes the money available depends on its own cut-off times. Cheques must meet the Nigeria Cheque Standard, each cheque leaf carries ₦50 stamp duty, and issuing a dud cheque is a criminal offence.

Cheque clearing at a glance (as of October 2026)

Clearing system
NIBSS Automated Clearing System (NACS), for cheques and ACH payments
Method
Cheque truncation: the presenting bank captures an image and MICR data; only the electronic record goes to the clearing house
Paper cheque
Kept (warehoused) by the presenting bank
Speed
NIBSS: “allows for same-day clearing and settlement of interbank cheque payments”; availability of funds depends on each bank’s cut-off times
Final settlement
Through the CBN’s RTGS, using settlement data from NIBSS
Cheque standard
Nigeria Cheque Standard (NCS) with the Nigeria Cheque Printers Accreditation Scheme (NICPAS)
Stamp duty
₦50 per cheque leaf, payable by the account owner (Nigeria Tax Act 2025)

How a cheque moves today

  1. You deposit a cheque drawn on another bank at your bank (the presenting bank).
  2. Your bank scans it, capturing the image and the MICR line (cheque number, bank and branch code, account number).
  3. The image and data go electronically to NACS, the clearing house run by NIBSS.
  4. The paying bank receives the image, checks the signature, funds, date and any stop instruction, and pays or returns the cheque.
  5. NIBSS calculates what banks owe each other and settles through the CBN’s RTGS.
  6. Your bank credits your account once the cheque has cleared.

NIBSS notes that truncation removed the old distinction between “upcountry” and local cheques, because an image travels the same way whatever the branch.

How clearing times have changed

PeriodClearing arrangementSource
Before 2008Clearing cycles not yet harmonised across the countryCBN circular, Apr 2008
29 Apr 2008CBN harmonises the clearing cycle to three working daysCBN circular, Apr 2008
2011Revised Nigeria Bankers’ Clearing House Rules (June) and Guidelines for Cheque Truncation (November)CBN circulars index
Since truncationImage-based clearing; NIBSS describes same-day clearing capabilityNIBSS NACS page
30 Mar–27 Apr 2020CBN temporarily suspends and then addresses cheque clearing during the COVID-19 lockdownCBN circulars index

Cheque standards, stamp duty and bounced cheques

Nigeria Cheque Standard and NICPAS

Banks may only issue cheque books printed by accredited printers to the Nigeria Cheque Standard, which sets security features and the layout that scanners read. The CBN revised the standard and accreditation scheme in 2018, issued clarifications in 2019, 2021 and 2023, and on 12 February 2026 issued revised sanctions for defaulters of the Nigeria Cheque Standard and NICPAS 2.0. A cheque that does not meet the standard can be rejected in clearing.

Stamp duty

Under the Eighth Schedule of the Nigeria Tax Act 2025, a cheque leaf carries a fixed duty of ₦50, payable by the account owner, and a draft for money carries ₦50, payable by the payee. Banks usually collect the cheque-leaf duty when they issue a cheque book. Example: a 50-leaf cheque book would carry ₦2,500 in stamp duty (50 × ₦50). See the ₦50 electronic money transfer levy for the related duty on transfers.

Dud cheques

A cheque returned unpaid for insufficient funds is a “dud cheque”. Issuing one is an offence under the Dishonoured Cheques (Offences) Act. On 24 November 2025 the CBN published an exposure draft of Guidelines on the Treatment of Dud Cheques by Banks and Other Financial Institutions, which would set industry rules on reporting and handling issuers. Until final guidelines appear on the CBN index, treat the draft as a proposal.

Cheque terms you will meet

Open cheque
A cheque that can be cashed over the counter by the payee.
Crossed cheque
A cheque with two parallel lines across it, which can only be paid into a bank account.
Post-dated cheque
A cheque dated in the future; the paying bank should not pay it before that date.
Manager’s cheque or draft
A cheque drawn by a bank on itself, used where the payee wants certainty of payment.
Stop payment
An instruction from the account owner telling the bank not to pay a specific cheque.
Returned cheque
A cheque the paying bank refuses to pay, with a reason such as insufficient funds or irregular signature.
Third-party cheque
A cheque presented for cash by someone other than the account owner.

Practical tips

  • For large or urgent payments, a transfer is faster and cheaper than a cheque. See NIP vs NEFT vs RTGS.
  • Do not release goods against a deposited cheque until your bank confirms it has cleared. Our guide on confirming payment before releasing goods applies the same principle to transfers.
  • Write the amount in words and figures, date it correctly and cross it if it should only be paid into an account.
  • Report a lost cheque book to your bank at once so it can stop the leaves.
  • Keep the counterfoil or a photo of every cheque you issue, with the date, payee and amount, so you can reconcile it against your statement.

How we put this together

The clearing process, truncation and settlement are from NIBSS’s NACS page, read on 17 October 2026. The 2008 three-day cycle is from the CBN circular of 29 April 2008, which we downloaded. Other dates and titles (clearing house rules, truncation guidelines, cheque standard circulars, the 2020 suspension, the 2025 dud cheque draft and the 2026 sanctions) are from the CBN circulars index; the CBN’s PDF server did not allow automated download of those documents, so we do not quote their details. Stamp duties are from the Nigeria Tax Act 2025.

Questions people ask

How long does a cheque take to clear in Nigeria?

NIBSS says its system allows same-day clearing of interbank cheques. When the money becomes available to you depends on your bank’s cut-off times, so ask your branch.

Is there stamp duty on a cheque book?

Yes. Each cheque leaf carries ₦50 stamp duty under the Nigeria Tax Act 2025, payable by the account owner.

What happens if I issue a dud cheque?

It is an offence under the Dishonoured Cheques (Offences) Act, and the CBN has proposed industry guidelines on how banks treat dud cheque issuers.

Why was my cheque rejected?

Common reasons are insufficient funds, a signature mismatch, a stale or post-dated cheque, alterations, or a cheque that does not meet the Nigeria Cheque Standard.

Sources

  1. NIBSS: NACS (Cheques) automated clearing system · accessed 17 Oct 2026
  2. CBN: Harmonisation of clearing cycle to three working days (29 Apr 2008) · accessed 17 Oct 2026
  3. CBN: Guidelines for cheque truncation in Nigeria (Nov 2011) · accessed 17 Oct 2026
  4. CBN: Revised sanctions on defaulters of the Nigeria Cheque Standard and NICPAS 2.0 (12 Feb 2026) · accessed 17 Oct 2026
  5. CBN: Guidelines on the Treatment of Dud Cheques, exposure draft (24 Nov 2025) · accessed 17 Oct 2026
  6. Nigeria Tax Act, 2025 (full text) · accessed 17 Oct 2026
  7. CBN: Circulars index · accessed 17 Oct 2026

This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.

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