How Savings Feature on the V app works

There’s no doubt, you’re familiar with how a savings account works—it’s what most people use to make day-to-day financial transactions. As a matter of fact, a savings account allows the bearer to easily deposit and withdraw money for his/her daily transactions including taking out cash with debit cards or setting up automatic debits to pay for cable subscriptions, electricity bills, Airtime, etc,  each month. 

Let be honest, it’s practically not safe and unfashionable to visit any banks now for fear of contracting the dreaded coronavirus disease plus the time one wasted due to crowds.  Or perhaps the perennial traffic ‘wahala’ experienced in Lagos every day and so on.

As for me, I can’t remember the last time I visited my bank for any transactions because I had decided to get my bank right on my palm.  And I know you never really loved the idea of going to a physical bank to make any financial transactions for various reasons.

Based on the foregoing, V Bank, Nigeria’s foremost virtual bank powered by VFD Microfinance Bank in March 2019  launched a mobile app that does all financial transactions on the go. With the V app, you can open savings account and carry out all transactions a traditional bank will offer to you. 

Also, the good news is that you don’t need to visit any physical building before you get registrations, complaints, and any other transactions done. 

Besides, the app enables you to adhere to health and government agencies’ directives regarding physical distancing amidst this pandemic period, and from what we heard the virus has come to stay.  

Why thinking of how you can be disciplined with your savings and moderate unnecessary spending, the app which is user-friendly also allowed you to track your expenses and income, group budgets, and set spending limits. 

As if that is not enough, the V Bank App is very easy to use as artisans, market women/men, old and young, name it, can use it on the go.   All you need is to download the App on your phone then sign up for a V account,  and begin to save money and earn interest when you save.  

Again and simple, just download the app on your phone then you sign up for a V account, save money and start earning when you save. Apart from that, the fixed deposit feature offers a very competitive interest rate when you can fix your money, as this will give you the opportunity to open your own bank within V and earn money for users that you refer. 

All said and done, V Bank is your access to all things related to banking on the go.


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