Veelage is VBank’s community-based reward system that allows our customers earn on the go. Veelagers are ranked and rewarded based on their active participation.
Become a Veelager
Earn a commission once you sign up as a Veelager and start your bank
Become an Early Adopter
Be one of the first to test new product features before market launch
Frequently asked questions
Share your referral code with friends and family and follow up to keep encouraging them to use the V app to increase your chances of meeting the milestones for payment.
You need to achieve at least 10% increase on both Total Number of Active Accounts and Cumulative Minimum Daily Average Balance from your previous month performance
No. You can build up your bank at your pace. However, you will only be paid from the month which you meet the minimum criteria.
The account is inactive because it has not met the stipulated minimum daily average balance of N2000.
Daily average balance is the closing balance for each day the account exists in a month divided by the exact number of days. Thus, Average Balance = (Addition of closing balances for each day of the month) / (Number of the days in the month) If the account was existing before the beginning of the month, this is the balances of Day 1 to Day 30/31 divided by 30/31. If the account was created during the month, this is the balances from account creation date to Day 30/31 divided by number of days the account existed.
This refers to the cumulative amount found in all accounts listed under a Veelager in relation to the time period (in this case, over the course of a month).
Cumulative Daily Minimum Average Balance=
Closing balances for each day of the month
Number of days in the month