Rubies Bank
Rubies Digital Bank

Do you own an account, are you tired of unnecessary bank charges or you’re just planning to set up an account with a bank? Rubies Bank is the bank to go for. You’ll enjoy 100% digital banking experience and also make money while banking with Rubies.

Rubies Bank is a 100% digital bank similar to Wema Alat but with zero charges. Like Wema Alat, you don’t need to visit a physical bank to set up an account with Rubies Bank, interested individuals can open an account and do their banking business without ever having to visit a local bank.

Since Rubies Bank is very much like Wema Alat, you might be wondering why or what’s the need to open an account with Rubies Bank when Wema Alat already offers the same features Rubies Bank is offering.

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Rubies Banks offers a personalized banking experience to users, while other banks generate a unique random account number for you, Rubies Banks allows you to create your account, this means you can use any combination of numbers of your choice to create your account number, it could be your phone number or any other you can easily remember.

Like every other Bank, Rubies also delivers bank statements via emails and all transactions notification via SMS alert.

The same way Wema Alat offers free Debit Cards to users, Rubies Banks is also giving a free debit card and will be delivered to your doorstep, cool, isn’t it? You can as well customize the name you want on your ATM card. Imagine having your nickname on your ATM card😘.

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What Makes Rubies Bank Different from Other Banks?

Rubies offer a number of interesting features that makes it stand out amongst other banks, some of which I’ve mentioned above and some you’re about to find out.

Bank charges

While traditional and digital banks like Wema Alat are charging N52 for an inter-bank transaction, Rubies charges N21 only. This being the cost of the transaction payable to the switches, while Rubies earns nothing.

Zero Maintenance Charges

With Rubies Bank, users will enjoy zero maintenance charges, unlike traditional banks that keep deducting your money in the name of maintenance charges.

Money Request

This feature is one of the most interesting features Rubies Banks is offering to users. Users can easily request money back from debtors and get credited instantly. You can request money from friends and families via a phone number or account number.

At the moment, you can only request for money via account number from Rubies users, to request from other banks, you simply need to enter the person’s phone number, fill in the reason for your request and the person will receive a notification text of your request.

There are several other features you’ll discover, like Invoice, Independent banker, investment, proximity transfer, etc. And more featured are yet to be launched.

Rubies is a Banking app on steroids. It provides banking functions much like any other banking solutions but it offers much more than most banking app.

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  • Social Appeal – you interact with other users on Rubies and get alerted when your buddies join Rubies, Proximity feature allows you to see people around you. The look and feel are sleek, neat and appealing.
  • Money Market – this is where you make money either by investing or providing money to those who need it on loan. Rubies Credit score is growing in popularity as a standard.
  • Open Banking – API-based architecture of Rubies will give it the scale it yearns. Open banking architecture allows smooth integration with FINTECH companies, SMEs and other quasi-financial institutions while Rubies serves a layer-2 Clearing function.
  • Bank-as-a-service – Rubies Technology is available for use by any other financial institutions playing in Banking, Finance, Technology and FINTECH industries, thus offering the bank as a service.

How to make money as a Rubies Bank Customer

At the beginning of this post, I made mention of making money while banking with Rubies. Rubies Bank offers a unique feature, which allows anyone, become an Independent banker otherwise known as iBanker. This means that you can own your very own mini bank, and receive bonuses for every customer you register.

So, how do you go about this?

  1. First off, you’ll need to download Rubies Bank app. You can get it here for Android and iOS
  2. Or you can also register via the official site https://www.rubies.ng/
  3. Set up an account with Rubies (you can either personalized or generate)
  4. Once you have your account ready, navigate to the Independent Banker section
  5. In the Independent Banker section, you’ll find to option, “enroll customer” and “get invite link”
  6. You’ll receive a bonus for every customer you enroll or register via your invite link
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What makes this even more interesting is that every time your customer does a transaction, you earn money. Rubies is just amazing.

How to Fund Your Rubies Account

Funding your Rubies bank account is very simple and easy. You can fun your account either by;

  • Fund via Transfer
  • Fund via Cash Deposit
  • Fund using a Debit Card

How to Get Your Free ATM Card on Rubies bank

After you must have completed your account setup and want to request for an ATM card, simply;

  1. Navigate to the card section on the third panel by swiping to the left.
  2. Tap on cards
  3. On the next screen, you’ll be asked to provide the name you want on your card, and where you want it delivered to.
  4. Simple fill in the form and tap on the request card option
  5. They should get back to you in 5 days

Rubies Bank is here to disrupt Rubies is here to disrupt and give every individual control of their banking experience as well as financial freedom.

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So, what do you think about Rubies Bank? Share your views and thoughts with us in the comment section below.

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