VBANK DISCLOSURE STATEMENT
VFD Microfinance Bank Limited (VBank) is a company duly registered in Nigeria (RC 1209088) with its registered address at 214 Broad Street, Lagos Island, Lagos State, Nigeria and licensed by the Central Bank of Nigeria (CBN). All deposits are insured by the Nigerian Deposit Insurance Commission (NDIC). V by VFD mobile banking application (V App) is a product of VBank through which the company provides financial services to its Customers. Vbiz is a product of VBank through which corporate Customers access financial services including but not limited to the V business product for corporate banking.
V App offers several features ranging from, Savings, Loans, Fixed Deposit, Bill payment, Debit Cards, Child account, Joint accounts, and a host of payment options including Near Field Communication (NFC) payments and QR code payments. VBank seeks to close the gap, which hitherto existed between established traditional banks and customers and offers its services free of hidden charges and/or transfer charges.
To ensure security of the funds of customers, VBank uses state of the art Secure Socket Layer (SSL) encryption technology when processing the financial details of customers.