As we all know, V Bank also known as VFD is one of the leading online banking platforms in Nigeria. The Vbank sign up procedure will help you partake in the Vbank online banking experience and also enjoy its benefits.
Before then let us take a good look at Vbank and its benefits. Vbank is a fully virtual online banking which was launched by some set of people in partnership with the Microfinance Bank Institute of Nigeria and also fully endorsed by Nigerian popular musician and music producer DonJazy.
The best feature of Vbank is that it charges zero fees for transactions, and its referral bonuses can help you earn when you refer people to the bank. This means that anyone can be an agent of this bank.
Benefits of Vbank
Vbank provides its users with a lot of benefits, some of which include;
- Zero transaction fee, allowing you to transfer funds for friends, family, and business partners without being charged.
- High-interest rate when saving.
- Cardless withdrawals
- Easy platform to pay bills
- Targeted savings
- Biometric Security
- Budget Planning
- Flexible fixed deposit.
Requirements Needed to Open a Vbank Account
Just as we said earlier, Vbank is an easy online banking platform that does not require much to register and create an account.
you just need the following;
- Name
- Phone number
- BVN
However, if you wish to make bigger transactions, you need to upload a picture of your Government-issued ID card (any of your International passport, driver’s License, or National ID).
Vbank Sign Up: How To Open a Vbank Account
To sign up for a Vbank account simply follow the steps below:
- On your mobile device, download the VFD app from the Google play store or Apple Store
- Once you have downloaded the app, launch the app.
- Then click on Create account
- Fill in all the necessary details required.
- Follow the next prompt instruction to complete your registration.
Read Also: Chipper Cash Login – Step By Step Guide
How to Deposit Money Into Your Vbank account
Once you are done with Vbank sign up the next thing to do is to deposit money into your Vbank account. To do this you just have to follow the steps below;
- log into your Vbank app
- Copy your account number which will be visible to you on the platform
- Go to any bank account you want to transfer the money from.
- Once you get to where you have to input the account number, then input your Vbank account number
- Then select VFD Microfinance Bank on the bank select session.
- Then send the amount you want to send and you will successfully credit your VFD account.
How To Make Money with Vbank Referral (Veelage)
Another amazing feature of this app is that you can make money via referral, to do this follow the steps below;
1. Sign up for a Vbank account
In order for you to become an agent, you need to first sign up for a Vbank account. You can do these by following the above steps.
2. Deposit Money into your Vbank account
The next step is to deposit money into your Vbank account. If you are going to be promoting Vbank, you need to make use of it to pay bills.
3. Become an Agent
Once you are done with the above steps, you are now ready to become a Veelager. A villager is an agent that refers people to use V and get paid for it.
on the Vbank platform, click on referral and you will get a referral code. The more you use it to refer friends the more you earn.
How much can you make as a Vbank Veelager?
You can make cool cash by becoming a Veelager, as a matter of fact, you can even earn up to two million naira every month if you work hard.
There are different positions to attain as a Veelager, they include;
1. Sergeant – ₦30, 000 per month
To earn this stage, you need to meet the following;
25 active accounts referred: This means you must have invited up to 25 people whose accounts are active.
₦500, 000 monthly average balance: The 25 people should jointly have an average monthly balance of ₦500, 000.
2. Lieutenant – ₦50, 000 per month
To earn this stage, you need to meet the following;
75 active accounts referred: You must have invited up to 25 people with active accounts.
₦2, 000, 000 monthly average balance: The 75 people should jointly have an average balance of ₦2, 000, 000
3. Captain – ₦100, 000 per month
To earn this stage, you need to meet the following;
100 active accounts referred: You must have invited up to 100 people and each has an active account.
₦5, 000, 000 monthly average: Your referral must have a combined monthly average balance of ₦5, 000, 000
4. Major – ₦150, 000 per month
To earn this stage, you need to meet the following;
250 active accounts referred: You must have referred up to 250 people with active accounts.
₦7, 500, 000 monthly average: The people you referred must have a monthly average balance of ₦7, 500, 000
5. Colonel – ₦500, 000 per month
To earn this stage, you need to meet the following;
1000 active accounts referred: You must refer up to 1000 people with active accounts
₦25, 000, 000 monthly average: The people you refer must have a joint monthly average balance of up to ₦25, 000, 000
6. General – ₦1, 000, 000 per month
To earn this stage, you need to meet the following;
2000 active account referred: You must refer up to 2000 people active accounts
₦100, 000, 000 monthly average: The accounts must have up to ₦100 million monthly average balance
7. Fieldmarshal – ₦2, 000, 000 per month
To earn this stage, you need to meet the following;
3000 active accounts referred: You must refer up to 3000 active accounts
₦200, 000, 000 monthly average: The referred account must have a joint monthly average balance of ₦200 million