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15 Best Banks Referral Programs in Nigeria

15 Best Banks Referral Programs in Nigeria: When it comes to banking in Nigeria, competition among institutions is high, and banks are continually offering incentives to attract new customers. One such method is through bank referral programs. Here are some factors to consider when selecting a bank referral program.

Best Banks Referral Programs in Nigeria

1. Reward Structure: 15 Best Banks Referral Programs in Nigeria

A referral program should have a clear and lucrative reward structure. This can range from cash rewards, discounts on banking services, additional interest on savings, or even points that can be redeemed for various benefits. For example, as of 2021, GTBank had a referral program that rewarded customers with airtime for referring new customers.


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2. Ease of Referral Process:

The referral process should be straightforward and easy for both the referrer and the referred. Banks like Zenith Bank and Access Bank had, as of 2021, platforms that allow customers to make referrals via their online banking platforms or mobile apps, which makes the process hassle-free.

3. Referral Limit:

Some banks may put a limit on the number of referrals you can make or the rewards you can earn from referrals. Ideally, a referral program should allow you to make as many referrals as possible and reward you for each successful one.Information Guide Nigeria

4. Variety of Services:

The bank you’re referring people to should have a wide range of services that cater to different customer needs. This makes it easier to refer people because they’re more likely to find a service that suits them. Banks like First Bank of Nigeria and United Bank for Africa are known for their wide range of services.

5. Reputation of the Bank:

The reputation of the bank also matters. Banks with good customer service, competitive rates, and a solid reputation are more likely to attract referrals. Sterling Bank and Polaris Bank are examples of banks with good reputations in Nigeria.

6. Eligibility for the Program:

Check the eligibility requirements for the referral program. Some banks may have specific requirements such as having a minimum balance or having been a customer for a certain period.JAMB Portal

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7. Tracking and Transparency:

The referral program should provide a way for you to track your referrals and rewards. You should also be able to trust that the bank will honor its referral program commitments. Some banks provide updates on your referral status via email or their mobile apps.

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Before you join a bank referral program, make sure to read the terms and conditions to understand how it works and what you’re getting into. Not all referral programs are created equal, so do your homework and choose the one that offers the best benefits for you.

Remember, this guide is based on the information available up to September 2021, and the specific programs, their benefits, and conditions might have changed. Always check the most recent and accurate information from the bank’s official resources.

Best referral apps in Nigeria

As of my last knowledge cutoff in September 2021, several referral apps were popular in Nigeria. Below is a list of some of them:NYSC Portal

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1. PalmPay:10 Factors Affecting Press Freedom in Nigeria

PalmPay is a mobile wallet app that offers a referral program where users can earn money by referring friends. For each successful referral, both the referrer and the referee receive a cash bonus.

2. Jumia One:

Jumia One is a lifestyle app that allows users to recharge, shop, and pay bills. They have a referral program where users get a cashback on their first transaction and the referrer also gets a reward.Good Morning Love Message

3. OPay:

OPay is a super app that provides a variety of services, including payments, transportation, food & grocery delivery, and other important services. They also have a referral program where users can earn bonuses.

4. PiggyVest:

PiggyVest is a savings and investment app. They have a referral program where users can earn a certain amount of money for every person they refer who starts saving with the app.

5.Branch: Teni sends important message to men

Branch is a loan app that offers a referral program. For each successful referral, the referrer earns a bonus which can be used to repay loans or withdrawn as cash.Romantic Love Messages

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6. CowryWise:

CowryWise is a savings and investment platform. They have a referral program where users can earn a certain percentage of the savings made by their referrals.

7. Luno:

Luno is a cryptocurrency exchange app that offers a referral program where users can earn Bitcoin by referring new users to the platform.

8. Chopbarh:

Chopbarh is a gaming app where users can earn money by playing games. They also have a referral program where users can earn money by referring friends.

9. Quickteller:

Quickteller is a payment app that provides a variety of services, including bill payments, airtime recharges, and money transfers. They also have a referral program.

10. V by VFD:

V by VFD is a digital banking app that offers a referral program where users can earn money for each successful referral.

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Please note that the details of these referral programs are subject to change, and it is always best to check the latest terms and conditions of the referral program on the official app or website. As of the current date of 2023, it’s possible that some newer apps have emerged with competitive referral programs in Nigeria.

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