Vbank app is one of the leading digital banks in the country, Nigeria. Its features and amazing qualities have drawn a lot of interest from most Nigerians, especially the youths who prefer digital banking to the normal traditional banks.
In this article, I will be listing the benefits of using the VBank app, how to register an account with it and what you stand to get from the digital bank. As the popularity of digital banks increases, many microfinance is gradually working into the fold.
Those who don’t have an idea about these digital banks can check here to find out more about them and how they operate.
Background Check On VBank App
VFD microfinance bank which is based in Lagos, Nigeria controls all the banking activities on the app. Their head office is at 214 Broad Street Lagos Island, Lagos State. VBank is fully digital. This means you it doesn’t need a banking Hall to carry out transactions. All activities which include registrations are done in the app.
The app is a very simple and interactive app that is available on both Android and iOS devices. You do not have to visit any location to bank using VBank. Just by the comfort of your home or office and with a healthy internet connection bank away.
V Bank provides you with the opportunity of banking with ease. You can save money and earn high rates when you save. One good feature of the digital bank is its fixed deposit. It offers you a good rate when you fix deposit your money more than what the normal banks offer. You also get to withdraw your money whenever you need it without using a debit card. It also leaves room for does who want to make extra cash using the app.
You can become a VBank agent which is known as Veelargers. Here you will be acting as a bank marketer by referring people to the bank. Being an agent with Vbank is one good job and You will be paid but you will need to meet the requirements for the month. The sum of N30,000 is the least you get in a month from VBank.
Can I Trust VBank App With My Money?
This is a good question! The answer is simply YES.
Vbank is a reliable and trustworthy microfinance bank in Nigeria. The Central Bank of Nigeria monitors the activities of Vbank just like other banks in 9ja. The Nigerian Deposit Insurance Corporation monitors every deposit users make. Yes the same NDIC that helps monitor your deposit in the normal banks. In addition, popular celebrities like Don Jazzy operate using the bank, so you do not have to worry about anything.
Benefits Of Using VBankÂ
VBank app comes with a bag full of benefits which includes:
- No transaction charges
- The good interest rate on savings
- Careless withdrawal
- Aid in payment of bills
- Great budget planning tools
- Biometric security
- Flexible fixed deposit
The listed benefits aren’t the only features you enjoy when using this banking app, there are others too. However, to know more about the app, you will have to install the app from your app stores both Android – Play Store and iOS Store
How TO Open An Account And The Required Details
To open an account on Vbank is quite easy. It only takes few minutes to open a new account on VBank. What should cause delay is only verification of the items required. Which doesn’t take that long. These are the details you need to open VBank account:
- Name
- Phone number
- BVN
- Valid ID card
With these listed items above you are going to go. No paperwork is needed. And to open an account on the Vbank app follow these simple steps.
- Download the Vbank app
- Launch the app
- Click on creating an account
- Follow the next instructions
If you follow the above instructions, congratulations you now have an account on Vbank.
Few Drawbacks Of VBank App
As you know, nothing is completely perfect as good as the VBank app may sound, it still has a few drawbacks which I will be listed below.
- Upgrading KYC takes a longer time
- The app crashes when you make an update.
Besides these few setbacks, I do think they have any form of problems
If you ever want to try digital banking in Nigeria, Vbank should probably be your first choice.
Gadgetstripe is not in any way related/affiliated to Vbank. We just try our best to get you inform of the latest tech news around the world.
You, banking with Vbank should be of your choice solely. We just write to help give you information about them. Do well to share our content on social media. You might not know who requires this information.
