Please read the following information thoroughly before filling out and signing the application form below.
"A DOLLAR SAVED IS A DOLLAR EARNED!"
▪︎PLAN DURATIONS
4 Months/17 Weeks
(February 4, 2022-May 27, 2022).
▪︎WEEKLY PAYMENTS
Payments are due on or before Friday of each week.
Payments are accepted via Online Transfers & Direct Deposits to our NCB, SCOTIA or JN Accounts only. (Account information will be provided upon approval)
(ABSOLUTELY NO CASH PAYMENTS)
Proof of payment should be submitted via whatsapp (876 999-5473) by 11:59pm each Friday.
▪︎ADMINISTRATIVE CHARGE
The first week's payment will be considered as an Admininistrative Charge. This is mandatory and non-refundable.
▪︎PAYOUTS (DRAW)
Payouts (Draw) are done on Wednesdays.
The Yoni Plug commits to transferring total draw amount to the account number provided by the member no later than 11:59pm on Wednesdays.
PS. Members are required to continue making their weekly payments up to Ma 27, 2022.
▪︎LATE FEES
If payment does not reach our accounts before 11:59pm on Fridays then it will be considered as late and will attract a late fee of $250 per day for each day late.
If you are late for more than 3 times then your draw date will be postponed to a later date and you will not be allowed to join future plans.
▪︎PREMATURE VOLUNTARY EXIT
If a member wishes to exit the savings plan before the end date (May 27, 2022) then the following terms apply
-If member has already received draw (payout) then they will be required to make full payments for the remaining weeks of the plan.
-If member has not yet received draw (payout) then they will be required to wait until the end of the plan (May 27th, 2022) to be refunded total amount paid up to that point minus the non-refundable Administrative Charge.