If you live or have ever lived in Ghana for a long time, then the phrase “susu” is not something you haven’t heard before. The majority of Ghanaians are either in the informal sector or are gig workers who don’t have a stable source of income.
As a result, the little amount they get, they try and save it. But there’s a problem since most of these people are in the informal sector, most of them are not educated and so they are not able to create bank accounts.
Therefore, they consult to save with micro-savings companies which sometimes charge them absurd and outrageous charges. Another problem is that most of these gig workers prefer not to save at the banks and so they don’t have a credit history to access loans from the banks.
These and many others are the reason why a couple of Ghanaian entrepreneurs developed the platform called BezoSusu to help the “unbanked” save right on their smart devices. In this guide, we are going to show you how to create a digital savings account with BezoSusu.
How To Create a Digital Savings Account With BezoSusu
The BezoSusu platform is available both on the web and as a USSD. Therefore, we are going to talk about how to create an account on both the web and using the USSD.
How To Create a Digital Savings Account With BezoSusu On The Web
1. Visit www.bezosusu.com
2. Select Sign Up in the upper right corner
3. Enter your phone number and select Register
4. An SMS will be sent to your phone. Enter the OTP in the space provided
5. Enter your name, and all the other required information
6. Once you are done, click to successfully create your account
How To Create a Digital Savings Account With BezoSusu Using USSD
1. Dial *920*75#
2. Enter your first name and last name.
3. Enter your Gender.
4. Select your region.
5. Choose a 4-digit PIN and confirm the PIN to complete.
Frequently Asked Questions (FAQs)
Question: Is my money safe?
Answer: Yes! Your savings are secured with the custodian bank.
Question: Will I earn interest on my savings?
Answer: Yes! You can opt to receive a 9% interest accrued on your savings.
Question: Can I lock my savings?
Answer: Yes! You can select the option to lock your savings so as to prevent yourself from withdrawing your savings. If you decide to withdraw your savings before the end of your goal, we will charge a 2% fee.
Question: Can I use any Mobile Money Account?
Answer: Yes! BezoSusu works with any Mobile Money account. Enter your Mobile Money account during the registration process to have it connected to your BezoSusu account.
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