Everything You Need to Know About the V Bank App
Everything You Need to Know About the V Bank App
Our quick review of the V bank app, an online banking financial solution that is powered by the VFD microfinance bank, is provided for your consideration.
VFD is a financial services institution based in Lagos, Nigeria, that specializes in the microfinance banking sector. Vbank (www.vbank.ng) is a virtual bank, which is another way of saying that it is a digital bank, and it is based in Nigeria.
For a variety of reasons, people have historically disliked the concept of visiting physical banks to conduct financial transactions.
For this reason, it is preferable that there is a mobile application that does everything. And the solution is the V Bank App, which creates a virtual account for you and allows you to conduct all of the transactions that a traditional bank would allow you to conduct.
Without a doubt, Vbank, like the Kuda Bank App, can be considered one of the top fintech companies in Nigeria, alongside Kuda Bank.
The use of V bank and all of the services available on the platform is extremely secure.
V bank app, also known as V, is owned by VFD Microfinance bank, which is one of the leading microfinance banks in Nigeria. V bank app is available on both Android and iOS devices. VFD Microfinance Bank is a Nigerian financial institution that has been granted a license by the Central Bank of Nigeria (CBN).
It is the Nigeria Deposit Insurance Corporation (NDIC) that protects the funds you deposit in V bank (NDIC).
A physical address for the company's headquarters can be found at 214 Broad Street in Lagos Island, Lagos State, Nigeria. VFD Microfinance Bank is a member of the VFD Group of companies, which includes VFD Financial Services.
The Advantages of Using the V Bank App
One advantage is that you do not have to physically visit a building in order to register, file complaints, or conduct any other transactions.
The ability to adhere to health and government agencies' directives regarding physical separation during this pandemic period is another advantage of this method.
With the V bank app, you can also earn money while you bank. Consider the possibility that you could earn money from your bank! What a fantastic piece of innovation.
Another advantage is that there are no transaction fees, competitive interest rates on savings, a flexible fixed deposit, cardless withdrawal, bill payment, budget planning, target savings, and biometric security.
Application of the VBank Mobile App
The VFD Bank Mobile Application is intended to assist you in the following ways:
- Open a valid NUBAN account in minutes, either with a BVN number or with an existing bank account that you already have.
- Organize your expenses into categories and create an expense budget to better manage your income.
- Establish and maintain a designated savings account.
- Open a fixed deposit account with a competitive interest rate to earn a steady income.
- Transfer money to third-party bank accounts
- Pay your utility bills.
- Withdraw cash from designated ATMs without using a card.
- Directly from the application, you can transfer funds and send transaction notifications to others.
- Make a cash gift to friends and family to encourage them to join the VFD Bank Mobile Application community.
- You can contact customer service directly from the application, either by phone or by sending an email.
The App's functionalities
As soon as you have successfully opened your account on the V bank app, you will be presented with the option of clicking on the links that say "Verify your identity," "Go to my dashboard," or "See terms of use."
When you click on the link that says "go to my dashboard," you will see five menus at the bottom of the page, which are as follows:
- Feeds (your dashboard)
- Analytics (displays overall and category income/expense information)
- Payments (funding your account, transferring funds to your own account, transferring funds to another account, paying bills, mobile top-up, cardless withdrawal, and inviting and redeeming friends and family)
- Make contact (send an email, call, and please read the FAQ link)
- Additional features (customer profile, notifications, settings, budgets, terms of service, privacy policy, opening a target/fixed deposit account, and so on).
