VFD Bank (VBank) Review

VBank is a digital bank powered by VFD Microfinance Bank. It offers high-interest savings, instant transfers, and a streamlined banking experience for the digital-savvy Nigerian.

Tunde "Gadget" Bakare

Fintech Analyst • January 10, 2026

Key Information

Founded

2020 (App launch)

Headquarters

Lagos, Nigeria

Valuation

Private

Regulatory Reach

Nigeria focus

License Type

CBN Microfinance Bank License

API Access

Limited/Private

What We Like

One of the best interest rates on savings
Very clean and modern app
Great referral rewards
No hidden charges

Areas for Improvement

Customer support response times vary
Fewer ecosystem features than OPay

The Expert Verdict

"VBank is a top-tier digital bank that combines professional banking services with a great user experience."

Key Products

VBank App

Target Savings

Fixed Deposits

Veelage

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