Save money in easy secure steps

Fast and easy, you want to be more secure send and receive money in short time.

01.Fill The Account Opening Form

Download the account opening form here, print and fill out the form. Attached the required documents to the form

02.Submit form in the bank

Take the form to the closest malachy branch to you with the required documents and submit to the bank.

03.Access all Malachy has to offer

Get access to the best loans with the best rates and get access to all the savings opportuinity.

Why choose malachy microfinance bank

At Malachy Microfinance Bank we offer professional services and low costing.

Professional Services

Asset / Investment Management, Legal (corporate and private practice), Alternative Investments and Private Equity, Retail Banking and Finance, Investment banking and Capital Markets, Wealth Management, Accounting and Finance.

Low costing

Convenience, being able to transact near where they live and work. Affordability, being able to transact in small amounts at reasonable cost. Mobile devices can perform financial transactions with little charges.

Access loans easily for your businesses and startups

Are you preparing to launch a start-up? Are you in need of some extra money to help with the cash flow of your existing company? We got you covered! Leverage on our amazing options. Talk to our accounting team to learn more about financial strategies that are applicable in this situation. We offer understandable and easy payment terms. We have accountants and financial professionals who can advise you on; loan management while anticipating the return on investment on the money you would be spending. We offer loans to small and medium enterprises.

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Malachy core values

Help agencies to define their new business objectives and then create professional software.


The most important principle of leadership demands truthfulness and honesty; tell the truth even if it is ugly.


A quality we possess; our website and office are easily accessible and entry is allowed.

Social Responsilbility and sustainbility

We help you put your values into practice, make a positive impact in your sphere over several years.


We help you improve existing methods or practices; apply new processes,services or product delivery invoking a positive change in your business.

Important FAQ for customer service

Help agencies to define their new business objectives and then create professional software.

1. How long does it take before my account become dormant?

Current and Savings accounts become dormant after 12 months of inactivity.

3.What happens when I change my device?

When you change your device and/or download a new app, your profile may become temporarily inactive. This is to prevent unauthorized access to your account. Visit our Office to request for a verification code to activate your App.

5.How long does it take to get a loan?

It may take maximum of 48 hours after all requirements are met by the applicant.

7.What do I need to get a loan?

A valid ID-card, proof of business ownership or ascertained source of income. Other requirements may apply.

2.How do I register for Malachy Microfinance Mobile App?

Download ‘BANKONE MOBILE APP’ from Google Play Store. Visit any of our office to request for a verification code to activate your App.

4.How do I get Malachy Microfinance Bank ATM card?

Walk in to any of our branches and open a Savings or Current Account. This entitles you to an Malachy Microfinance Bank ATM Card. ATM Card fee: N1,150 (One Thousand One Hundred And Fifty Naira). Validity: 3 years.

6.How much can I borrow?

Loan amount depends on borrower’s repayment capacity assessment based on verifiable business cash flow and other criteria.

8.Do I need a guarantor?

Yes, at least one third party guarantor with financial capacity will be required for the loan process.