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New features

Veelage

Tap into the largest reward based digital community

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.

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Our Communities

Become a Veelager

Earn a commission once you sign up as a Veelager and start your bank

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Join the veelage

Become an Early Adopter

Be one of the first to test new product features before market launch

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Sign Up Now

SWITCH TO VBank

Open and activate your VBank account in 2 minutes
with your BVN, phone number and zero paperwork

Frequently asked questions

● Once I refer, is that all I have to do?

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.

● What monthly incremental growth do I need to achieve as a Veelager?

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

● Is there a set time frame for getting the number of referrals?

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.

● I registered a referral and he/she has funded the account with 2k, but it is still showing as inactive?

The account is inactive because it has not met the stipulated minimum daily average balance of N2000.

● What does Daily Average Balance mean?

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.

● What is Cumulative Daily Minimum Average Balance?

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

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*Each account attached to your referral code should have a minimum account balance. Download the agency structure pdf here for more info

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