Ziing is an online investment platform that eases every potential and current investor into great investment and savings opportunities.
Ziing is on a mission to help clients get to the peak of their financial goals. It is one thing to work very hard to earn money and it is another thing to make the money work for you.
Investments plans are usually put in place to help clients ease into investments and save for future projects. The platform eases investors into investment and savings plans.
It offers a one-stop online financial store to cater to all your financial needs.
Ziing is a digital platform powered by “Investment One” financial services that enable users to ease into an investment, savings, and other financial services.
It promotes a savings habit among its users as well as offers loan opportunities which depends on eligibility.
This platform also offers features such as the ZSave, ZPlan, ZClub, Asset-backed loans as well as fixed-income deposit investments.
You can invest as little as N100 on most of the plans available on this saving app.
PROS
Ziing is a one-stop online shop that offers you plans to meet all your financial needs.
It provides ease and convenience regarding investment, saving, bill payments, and other financial services.
The minimum amount to invest in Ziing is N100. This makes it easy for individuals to start their investment journey.
It also offers a digital platform to trade on the Nigerian Stock Exchange.
CONS
When a plan is locked on your ZPlan, you can not access it even during emergencies until the maturity date.
Profits on Investments are not guaranteed while trading because the prices of shares fluctuate on a daily basis.
PRODUCTS AND FEATURES OF ZIING
ZClub: This is a savings club where users with a common saving goal come together to save. This feature promotes saving habits, guides users, and rewards consistent savers. It offers a club where you all join together to ensure your savings habits are improved.
ZSave: This allows you to save for any period of time on Ziing platform. Subscribers can decide to save for future projects or keep funds for future or unforeseen circumstances. The minimum that can be invested in your ZSave is N100. The ZSave is designed just like a regular savings account where you can add or withdraw funds anytime without any penalty charges plus you make an interest rate of up to 4% per annum.
Zplan: This is another feature which allows you to save for a minimum of 30 days. Unlike the ZSave, you cannot have access to your funds before the set maturity date else a penalty fee of 25% is charged on your interest accrued. There is a locked and unlocked ZPlan. The locked plan can not be accessed until the Maturity date. The minimum amount to deposit in this plan is N100.
Fixed Income: This is a fixed income deposit investment where you invest a certain amount of money not less than N100,000 for a period of time. The minimum time frame for any fixed income investment on Ziing is one month. A penalty fee of 25% of your interest accrued is charged if an investor liquidates his investment before the set maturity date.
Asset-backed loans: This is a feature that allows its users who are eligible for loans to get an instant digital loan that can be secured by their assets such as abacus, stocks, etc.
HOW TO GET ZIING
To sign up or create an account, all you need to do is;
Download the app from your mobile Playstore or AppStore for Androids and IOS respectively.
Fill in all the required details such as name, active phone number, active email address, date of birth, etc.
Accept the terms and conditions, then proceed to create an account.
ZIING FAQs
IS ZIING SAFE AND LEGIT?
Yes. The platform is safe and secure. It is powered and regulated by Investment One Financial Services which is licensed by the Nigerian Stock Exchange.
HOW DO I EARN INTEREST ON ZIING?
The interest on your ZPlan and ZSave plans is earned daily. For Zplans, the interest earned is credited at the end of the set maturity date while for ZSave interest accrued is paid at the end of the month.
WHAT CHARGES DO I INCUR ON TRANSACTIONS?
Whenever a Ziing user transfers from their Ziing accounts to bank accounts, a transfer fee of N52.50 is charged to your principal account upon the completion of the withdrawal process.
WHAT DOCUMENTS DO I NEED TO CREATE A ZIING ACCOUNT?
You will be required to upload your passport photograph, a utility bill, not more than 3 months, a Government-issued ID card such as a National ID card, Driver’s license, international passport, etc. KYC documents and also required to update their BVN.
WHY DO I NEED TO PROVIDE BVN DETAILS?
Your BVN is required to ascertain your identity and protect your account from cybercrime. BVN is also required because Ziing as a financial institution must adhere to the Anti-Money Laundering framework.
HOW DO I DEPOSIT FUNDS ON ZIING?
You can deposit funds into your Ziing using your Naira debit card, the debit card should be linked with your account and you can make automatic deposits by completing the process. You can also deposit via your Bank account where a Unique account number is generated for you and you transfer the funds directly to your Ziing. Depositing funds could be done through your GtMobile banking to your Zsave.
HOW CAN I WITHDRAW FUNDS FROM ZIING?
You can withdraw any of your investment plans to your bank account. Add the bank account you want to send the money to, generate a transaction pin to authorize the transactions, and follow the prompts to complete the withdrawal process.
HOW MANY DAYS SHOULD I WAIT FOR WITHDRAWALS REQUEST TO BE COMPLETED?
Withdrawals of a million and below from your ZSave and ZPlans are made instantly. However, withdrawals greater than N1million take about 5 hours of receiving the request to process on working days. If a request is made during the weekend, it is processed on the next working day.
WHAT HAPPENS IF I WITHDRAW BEFORE MATURITY?
Any withdrawal made before the set maturity date on your ZPlan is met with a 25% penalty fee on your accrued interest. Your principal will not be charged though.
ARE THERE ANY FEES CHARGED ON WITHDRAWALS?
If a withdrawal is made from your account to a GTBank account, the transaction is free, however, for withdrawals into other accounts. The following fees are charged;
Below N5k attracts an effective charge of N10 plus N0.5 VAT.
Above 5k to N50k attracts an effective charge of N25 plus N1.25 VAT on the transfer charge.
N50,001 and above attracts N50 effective charge plus N2.5 VAT on transfer charge.
IS IT POSSIBLE TO TRANSFER FUNDS TO SOMEONE ELSE ON ZIING?
Yes. You can make transfers from your ZSave account to the beneficiary’s ZSave account using their active email address or phone numbers.
HOW LONG DOES IT TAKE TO VERIFY MY UPLOADED DOCUMENTS?
Every document uploaded takes about 24 hours to be verified. A notification will be sent to you once the verification is successful; otherwise, a notification would also be sent to you with reasons.
CAN I TRADE ON ZIING?
Yes. It offers stock trading opportunities where you can buy/sell stocks or shares. All you have to do is ensure all your KYC documents are up to date, answer a series of questions and your details are sent to you for review. Opening a stockbroking account takes about 2-3 business days and a notification is sent after the successful completion of the process.
HOW CAN I GET MY DIVIDENDS ON SHARES?
You can visit a bank and request e-dividend funds. You will be required to provide your CSCS number and the shares in view.
WHAT IS A BONUS DATE?
This is a feature on the Zclub plan where a consistent saver is selected every month to earn a bonus. This enables the platform to encourage healthily and promote consistent savings habits among the users.
DO I NEED TO REGISTER ON ZIING BEFORE I AM QUALIFIED FOR AN ASSET-BACKED LOAN?
Yes. To qualify for this loan on Ziing, you need to have a Ziing account plus a loan-qualified asset on Ziing.
HOW CAN I CONTACT ZIING?
You can contact the customer care services through the web at Ziingit.com or walk to their office at No.37 Kofo Abayomi Street, Victoria Island, Lagos.
Ziing is a user-friendly online platform built to cater to the financial needs of its users. They offer several plans that aim to satisfy your investment needs.
With the Zplan feature on Ziing, users can save for future purposes as well as inculcate discipline in their savings habits.
This is one of the savings platforms that can cater to your savings, investment, trading, payments, and other financial transactions.
You are the first in our research hence, we rallies around doing rigorous checks, testing and analysis to help you make a good decision on products and services. Meanwhile, items providers' final views are superior to ours.
(4.5 / 5)
