The Story Line?
Victor is an undergraduate student at the University of Ilorin, Kwara State,Nigeria. Before now, he had the problem of spending excessively which led him to continually being broke and having absolutely no savings against financials emergencies.
Today, Victor is a proud customer of F&K Savings with over 400,000 naira in savings for life after graduation.
Tayo also is a middle aged man in his late 30's. After graduation at the age of 22, he got employed by a reputable company with a great pay but never learnt the habit of savings. Very disturbed and frustrated, he came across F&K Savings.
Today, Tayo has saved up for his children's education, his own personal apartment and against financial storms. In addition, Tayo is saving up for Retirement.
These two case scenarios and other more are being encountered in our society today due to not saving for the future.
F&K Savings is established with the mission and vision of making savings possible by combining discipline, flexibility, convenience and simplicity to grow your savings and manage your finances knowing fully well that your savings today will save you tomorrow.
What is F&K Savings?
F&K savings is a Personal Digital Finance management platform that helps you plan your finances effectively and efficiently, while also helping you make better life decisions through consistent savings and Investment.
to save little amounts of money periodically (Daily, weekly and monthly) towards a specific financial goal or target (Rents, school fees, special events etc) or invest loose funds for a specified period of time and earn competitive interest while also avoiding the temptation to spend.
F&K savings takes away the temptation to spend excessively as
you can choose different flexible savings and investment plan(s) and also the stress of saving. We combine simplicity, convenience; discipline and flexibility to enable you grow your savings and manage your finances with absolute ease and confidence so you can achieve financial freedom.
How do I start saving on F&K Savings?
• Download our app from google play store or visit www.fandksavings.com.ng
• Create your free account with your username, phone number and password.
• Log in
• Pick or create a plan(s).
• Save your first amount (N 200 and above). You can save automatically using your credit or debit card (ATM CARD) or manually using our bank and agent option nationwide.
Note: Our agents are only located in tertiary institutions.
• Complete your profile.
F&K Savings will automatically use your debit card (Atm Card) to save the funds you set to be saved based on your specific auto save instructions (For Only Customers that link their debit card)
FREE. There are no bank charges for using this channel to save into your F&K Savings account.
How much can I start with?
You can ONLY save from N200 and above at anytime. Meaning you can save any amount at anytime as long as it’s N200 and above.
You have the opportunity of saving as many times as possible with a day even if its 100 times a day. Therefore you can N1, 000 right now and decide N5, 000 in 2 hours time.
You can also use the “QUICKSAVE” option in your dashboard to add funds to your F&K Savings account at anytime. Are there bank charges when I link my debit card or save using my debit card (ATM CARD)?
No! It’s completely
Why Should I save with F&K Savings?
F&K Savings will help you save time with a simple account opening process that takes less than 3 minutes. It also helps you put money away easily.
F&K Savings is simple to use and absolutely rewarding. We help you:
• Grow wealth through regular, disciplined, targeted savings and investment.
• Meet your financial goals with professionally developed financial tools.
Who can save?
Everyone can and should save (College students, Students of higher institutions, business owners, working class, youths, the general public etc.)
SAVINGS PLANS
What are the savings plans available?
We offer over 12 flexible savings plans that make savings very flexible for everyone. This makes you save in the short or medium or long term. We are here to help you hit those financial goals.
What can I save towards?
You can save towards anything (Rent payment, School fees, Land and other properties acquisition, baby shower, wedding expenses, vacation, emergencies, buying laptops and phones, a new car or house, retirement etc)
Can I run multiple savings plans?
Yes, you can have as many savings plans as you want to fit your savings goals and target.
MY SAVINGS
Do I have to login every time I want to save?
Yes, for security reasons, we advise you login each time you want to save.
What happens when I finally have money and missed some days, weeks or months?
F&K Saving’s platform is built to adjust to customer’s expectations and circumstances. You can always use”QUICKSAVE” in your dashboard to add funds manually for missed days, weeks or months.
What if I don’t have funds in my account or debit card?
An sms will be sent to you to inform you about insufficient funds in your account.
What is QUICK SAVE and how does it work?
Quick save is a savings feature that allows you to add funds to your F&K Savings quickly at anytime.
Can I withdraw my savings while my plan is active?
Yes but you will be charged 5% on the amount you are withdrawing at that moment for withdrawing before plan expiration.
WITHDRAWAL
Can I withdraw my savings while my plan is active?
Yes but you will be charged 5% on the amount you are withdrawing at that moment for withdrawing before plan expiration.
Can I choose any amount to withdraw per time?
Yes, you can.
How do I withdraw my savings?
• Log into your account.
• Go to “Withdraw” in your dashboard.
• Click either part or full withdrawal.
What is the minimum/maximum amount I can withdraw?
The minimum amount you can withdraw is N1, 000 and there is no maximum.
What if I don’t want to withdraw after my plan expires?
Our system automatically reactivates your saving plan when next you save into it. A lot of our customers actually just lock it up using the money lock feature, invest it or continue saving.
INTEREST
Do I get interest on my savings?
Yes, you get 8% interest on your savings annually which is paid 2% every three month.
What if I don’t want interest?
You can switch off the interest from your profile in your dashboard.
INVESTMENT
What is F&K investment?
The F&K Investment feature allows you investment for 90 days, 180 days, 270 days and 365 days with an interest of 5%, 10%, 15%, and 20% respectively on your invested fund.
Can I invest my savings?
Yes, you can invest your savings to earn more on them.
Can I invest without saving?
Yes, you can invest without saving. Just log into your account and click on the feature “INVEST”.
What is the minimum and maximum amount I can invest?
The minimum amount you can invest is N50, 000 naira while there is no maximum.
COLLABO SAVINGS
What is collabo saving?
Collabo savings is a feature that allows you save with your family and friends while each of you take turn withdrawing from the common pot on a daily, weekly ,bi-weekly or monthly basis. Very suitable for business owners.
How Can I start?
• Log into your account.
• Click on”Collabo”.
• Add your group members
• Click on create group(after all group members have accepted the request to join the group)
SAFETY AND SECURITY
Does F&K Savings have an office?
F&K Savings is located at Suite 14&23 Ase complex,Verterinary Junction,Mokola ,Ibadan, Oyo state, Nigeria.
We will be honored to have you around (smiley face).
Are my card details safe?
Yes, they are secured by paystack.
How safe is F&K Savings?
F&K Savings is a member of F&K Multibiz Limited with Rc: 1482408 and also a member of F&K Investment and Cooperative Society.
Has F&K Savings being selected for any program?
Yes, in 2018, we won the Rochas Okorocha(Imo State Governor) 1million naira grant and recently we became a TEF grant awardee (Tony Elumelu Foundation).
MOBILE APP
Do you have a mobile app?
Yes you can download our app.
Search for F&K Savings on Google Playstore.
MORE QUESTIONS
What if I have more questions?
You can reach out to us via:
Email: hello@fandksavings.com.ng
Facebook: F&K Savings
Instagram: @fandksavings
Twitter: @fandksavings1
Phone: +2348180997078, +2348092816959.