Turbo Finance is a registered trademark of Turbo Microfinance Bank, a CBN‑licensed institution insured by the NDIC.
Don’t let your company cash sit idle. Max yields. Zero hidden fees.
Banks charge you to hold your money. Turbo pays you to save it and grow it with zero corporate drama.
How to Protect Your Business Margins with Turbo?
Stop letting utility bills drain your operating cash. Every time you buy data bundles, airtime, or electricity tokens via Turbo Finance, you automatically earn a 1% flat-rate cashback.
- Automated Statements & Tax-Ready Audits.
- The 1% Hack.
Savings & Investment Calculator
As a business, we understand that you need to plan your business around your money. Use the calculator to know exactly how much to expect back after investment.
Turbo Flex
What is it?
Perfect for cash your business needs to use today, tomorrow, or next week to settle suppliers or run regular operations. You earn interest every day from it, but your cash remains 100% liquid so you can withdraw or transfer instantly.
- Access: Unconditional, 24/7 instant withdrawal.
- Minimum Balance: ₦0
- Best for: Daily operating expenses, immediate supplier payment pools, and invoice-settlement floats.
Corporate Governance & Security Controls
Fully Licensed. Well Regulated. Completely Secure.
We know that as a business you need to know that your hard-earned capital is protected by the highest legal and regulatory frameworks in the country. We have gone through rigorous vetting and compliance checks at multiple levels to ensure your business deposits are secure, fully accounted for, and completely compliant with federal financial laws.
Central Bank Compliance & Licensed Operations
Turbo Finance is fully backed by the appropriate regulatory licenses issued by the Central Bank of Nigeria (CBN). We operate in strict compliance with national banking guidelines, ensuring that our infrastructure, capital requirements, and products meet the highest standards required.
NDIC Deposit Insurance Protection
Your cash reserves are legally protected. All business deposits held across our frameworks are fully covered and insured up to the maximum legal limits by the Nigeria Deposit Insurance Corporation (NDIC).
Rigorous Anti-Money Laundering (AML) & CFT Controls
To protect the ecosystem from fraud and maintain institutional standing, Turbo operates under strict AML (Anti-Money Laundering) and CFT (Combating the Financing of Terrorism) compliance frameworks. Every business account undergoes thorough corporate verification (KYC/KYB), ensuring your money sits within a clean, legitimate, and highly secure financial network.
Data Privacy & NDPA Compliance
Turbo Finance complies strictly with the Nigeria Data Protection Act (NDPA). We utilize advanced, industry-standard encryption protocols to lock down your dashboard data, ensuring that your transaction history, savings balances, and corporate details are completely shielded from external cyber threats and unauthorized leaks.
Built for Teams. Guarded Against Frauds.
We know that managing business cash requires a lot more oversight than running a personal account. Turbo is engineered with strict operational controls to protect your capital, satisfy your auditors, and enforce your company’s internal policies.
Biometric Verification & Safe Lock
Every single major transaction—whether you are moving money into a high-yield lock or signing a written instruction for a Fixed Deposit—is sealed with secure biometric confirmation. Your funds are protected by the same encryption standards used by global financial institutions.
Deployment in 3 Steps: From Onboarding to Yield
You don’t need to spend days filling out paperwork or waiting in bank lines just to open a high-yield account. We make it incredibly simple to transition your cash into a growth tool in just three clear steps.
Complete Your Business Verification (KYB)
Set up your corporate profile on the Turbo Finance app or web dashboard. Upload your official business registration documents to complete your Know Your Business (KYB) check. Our compliance team verifies your details swiftly so you can safely unlock your business wallet limits without any traditional banking delays.
Fund Your Wallet & Choose Your Tools
Move your company cash into your Turbo business wallet via a seamless bank transfer. Once your funds reflect, decide how you want your money to work for you or talk to our Team to help you decide or set up a premium Fixed Deposit.
Watch Your Earnings Grow
Once your funds are placed, your growth begins instantly. Take the guesswork out of your accounting; watch your earnings accrue transparently as interest is credited straight to your business dashboard.
Frequently Asked Questions (FAQs)
Are there any monthly maintenance or hidden fees for holding business savings?
No. Traditional banks love to chip away at commercial margins with arbitrary account maintenance fees, SMS charges, and hidden monthly costs. Turbo charges ₦0.00 to set up, hold, or manage your business funds. Every single Kobo you save stays entirely yours, alongside 100% of the interest you earn.
Can I withdraw my money from Turbo Flex at any time?
Yes. Turbo Flex is built specifically for your everyday operating cash and daily floats. Your money remains 100% liquid. You can withdraw, spend, or transfer your funds 24/7 without facing any lockup periods, processing delays, or early-exit penalties. The interest you earned while the money was in the account remains yours.
What happens if my business faces an emergency and I need to break a Turbo Lock early?
Turbo Lock is designed to give you the discipline to save for specific company milestones (like tax season or inventory restocks). If an unexpected cash crunch hits and you absolutely must access those funds before the maturity date, you can withdraw early. However, please note that doing so will attract a small early-termination fee, and you may forfeit a portion of the interest accrued on that specific lock.
How do I open a Fixed Deposit Account for my business?
Booking a premium Fixed Deposit is incredibly simple and entirely digital. First, fund your main Turbo business wallet with the capital you want to invest in. Then, reach out to your designated account officer through the app or dashboard to lock in your market-guided interest rate. Our system will generate a digital written investment instruction template detailing your amount, timeline, and rate. Once you review and sign it using your in-app biometrics, your premium growth is officially sealed.
How does Turbo calculate and payout the daily interest?
For Turbo Flex, your interest is computed daily based on the exact closing balance in your account the night before, and it drops directly into your wallet every single morning. For Turbo Lock and Fixed Deposits, your interest is calculated using a standard simple interest formula adjusted against the exact number of days you choose in a 365-day calendar year. The total payout (your initial cash plus all accumulated interest) is automatically credited to your wallet the moment the timeline matures.
What documents do I need to complete my business verification (KYB)?
To unlock your full business wallet limits and start earning high-yield interest, you just need to complete our swift online Know Your Business (KYB) check. You will need to upload your official corporate registration documents (such as your CAC certificates), your business Tax Identification Number (TIN), and valid government-issued IDs for the company’s directors.
Can I open multiple Turbo Lock accounts for different business goals?
Yes, you can create as many individual Turbo Lock spaces as your business requires. This allows you to neatly segment your cash flow based on specific upcoming targets. For example, you can run one separate lock for “Q3 Corporate Tax,” another for “December Warehouse Inventory,” and a third for an “Office Asset Down Payment”—all working independently with their own timelines and guaranteed interest rates.
Are the interest earnings on my business savings subject to tax?
In line with national tax regulations, interest earned on corporate investments and bank deposits is subject to a standard Withholding Tax (WHT). Turbo automatically deducts this compliant percentage at the point of interest payout and remits it directly to the tax authorities on your behalf. This ensures your financial records stay completely clean, legal, and audit-ready without extra paperwork for your team.
How do I get my money into Turbo to start saving?
Funding your business wallet is instant and seamless. Once your business verification (KYB) is approved, Turbo generates a dedicated commercial account number for your company. You can fund your wallet by making a standard bank transfer or an automated payment from any traditional commercial bank account. The funds reflect on your Turbo dashboard immediately, ready to be moved into your preferred savings or investment product.
Is there a maximum limit on how much my business can save or invest?
There is no maximum ceiling on your growth. Once your corporate onboarding and registration documents (CAC) are fully verified, your Turbo business wallet limits scale up heavily. You can deposit, lock, or place tens of millions of Naira into our savings frameworks to maximize your yields. For exceptionally large blocks of capital, your dedicated account officer will work with you directly to structure customized premium market rates.
Can I download financial statements for my accounting and auditing teams?
Yes. You can generate and export itemized financial statements directly from your dashboard with a single click. Every bit of daily interest from Turbo Flex, every milestone payout from Turbo Lock, and every completed Fixed Deposit is neatly tracked and sorted in real-time. The statements download in clean, tax-ready formats that your accountants, board members, or external auditors can plug directly into your company ledger.