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About PARALLEX eToken

The PARALLEX eToken is a mobile app that generates One Time Passwords (OTPs) to verify electronic transactions. An OTP is a secure and automatically generated string of characters that confirms the user's identity during login or when completing electronic transactions .

Electronic transactions, such as web, internet banking banking activities, often require the input of digit codes generated by the PARALLEX eToken app.

To activate the PARALLEX eToken, simply login to the PARALLEX Token app with your Parallex Online Banking credentials. Once logged in, Click on Get started

-Register Token

-Enter Account Number

-Select Corporate Customer

-Click on Register

- the app will authenticate your mobile phone and generate serial number and Activation code

_ Create pin and confirm pin
Once the app is activated, you can create a unique 4-digit PIN for logging into the application and enjoy 24/7 banking services.


SERVICE TO CUSTOMERS AND INFORMATION
You will be charged N2,500 + 7.5% VAT for the first time you activate your token. However, in accordance with the Central Bank of Nigeria's directive, this is a one-time charge for your token. Any additional reinstallation or reactivation will be free.

For further enquiries about the PARALLEX eToken, you can visit www.parallexbank.com or send an email to [email protected] or call us on 070072725539..

Note: To ensure the security of your OTP, never disclose the OTP code to anyone.

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Frequently Asked Questions (FAQ)

What is the PARALLEX eToken?
The PARALLEX eToken is a mobile app that generates One Time Passwords (OTPs) to verify electronic transactions.
How does the PARALLEX eToken work?
The PARALLEX eToken generates a secure and automatically generated string of characters called an OTP, which confirms the user's identity during login or when completing electronic transactions.
How do I activate the PARALLEX eToken?
To activate the PARALLEX eToken, simply login to the PARALLEX Token app with your Parallex Online Banking credentials and follow the registration process.
What is the registration process for the PARALLEX eToken?
The registration process for the PARALLEX eToken involves logging into the app, entering your account number, selecting "Corporate Customer," clicking on "Register," and authenticating your mobile phone.
Is there a fee for activating the PARALLEX eToken?
Yes, there is a one-time charge of N2,500 + 7.5% VAT for activating the PARALLEX eToken.
Are there any additional charges for reinstalling or reactivating the PARALLEX eToken?
No, according to the Central Bank of Nigeria's directive, any additional reinstallation or reactivation of the PARALLEX eToken will be free.
How can I get more information about the PARALLEX eToken?
For further enquiries about the PARALLEX eToken, you can visit www.parallexbank.com, send an email to [email protected], or call us on 070072725539.
What should I do to ensure the security of my OTP?
To ensure the security of your OTP, never disclose the OTP code to anyone.