Group Savings

Save together, achieve together

Build your dreams as a team. Pool contributions toward a shared goal with friends, family, or colleagues.

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Monibac transfer screen with payments from friends

Group Savings makes it easy for you and your friends, family, or colleagues to save collectively towards shared goals. Whether it's for a project, an event, or a common objective, our platform ensures seamless contributions, transparent tracking, and secure access to funds.

Save together with your friends

Earn interest together, grow with peers

Collaborative savings

Create or join a savings group and contribute towards shared goals with ease.

Flexible contributions

Set custom contribution rules, including frequency and amount, to suit your group's needs.

Transparent tracking

Monitor group savings progress in real time with clear updates and reports.

Secure access

Funds are securely held and can only be accessed based on the group's agreed terms.

FAQ

Group Savings questions, answered

All FAQs
What are Group Savings, and how do they work?
Group Savings allow you to create or join a savings group with friends, family, or colleagues. Members can contribute funds regularly, and the total savings can be accessed based on the group’s agreed terms.
Can I set contribution rules for Group Savings?
Yes, you can set contribution rules, such as frequency and amount, to ensure all members contribute fairly. The group admin can also manage withdrawals and monitor progress.
Ready when you are

Elevate your financial game to the next level

Download the Monibac app and start saving and locking funds in minutes.

  • No deposit fees
  • Earn ₦500 per referral
  • 24/7 support
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Monibac app home screen and referral screen