Mkobo 1.6.7

Mkobobank presents itself as a digital banking solution catering to salary earners, self-employed individuals, and entrepreneurs, offering access to up to 50% of earned salary before the official payday at no interest.

This neo-bank aims to deliver financial services that prioritize fairness, simplicity, and affordability, thereby enhancing the financial wellness of both employees and entrepreneurs. For those in need of emergency funds for personal expenses such as bill payments, family support, transportation, home or car repairs, or medical emergencies, Mkobobank’s EarlyPay feature allows users to effectively treat daily occurrences as paydays. The facility to withdraw up to half of one's accrued salary without incurring interest is a noteworthy benefit compared to traditional loan options with high-interest rates.

Mkobobank offers several features that can enhance banking experiences:

• EarlyPay - Access up to 50% of your earned salary with 0% interest at any time.
• Mkolo - Benefit from an annual interest rate of up to 15% through automated goal-based savings.
• Transparent Charges - No card maintenance fees, account maintenance fees, or SMS notification charges.
• SingleView - Easily manage multiple bank accounts by linking them for convenient balance and transaction oversight.
• Financial Education - Tools for budgeting and financial planning are available.
• Bill Payments - Pay for necessities such as airtime and utility bills without additional costs.
• Cashbacks - Enjoy cashback rewards on airtime and data subscriptions.
• Fairplay - Experience financial equity by avoiding unjust bank charges.

The onboarding process for Mkobobank is straightforward:

1. Download the Mkobobank app.
2. Create your bank account by signing up.
3. Complete your profile with the necessary information.
4. Upgrade to tiers 2 or 3 by fulfilling KYC requirements.

Mkobobank emphasizes security through advanced bank-grade encryption methods designed to protect personal information. Founded and operated by Mkobo Microfinance Bank Limited, Mkobobank is fully licensed by the Central Bank of Nigeria (CBN), with customer deposits secured by the Nigeria Deposit Insurance Corporation (NDIC).

For inquiries or further information, customers may reach out to Mkobobank through various channels, including social media platforms (Instagram, Twitter, LinkedIn, Facebook), or via email at hello@mkobo.com.ng. More information can also be found on their website at https://mkobo.bank.