How to create a common group fund on MoMo for super convenient spending

Are you looking to accumulate money for common purposes such as travel, shopping, gifts or charity? Are you wondering how to manage group funds effectively and transparently? Let MoMo help you with the common group fund feature – a convenient and safe solution for contributing and using common funds. In this article, AnonyViet will guide you How to create a common group fund on MoMo with friends and lovers quickly and easily.

What is the general group fund on MoMo?

The common group fund on MoMo is a newly launched feature, allowing many people to contribute and manage a common fund account on the MoMo application. You can create a group fund for your own purposes, like savings, travel, shopping, gifts, charity, or anything you want. You can also set a name, description, profile picture, and target amount for your group fund.

When creating a common group fund on MoMo, you will be the treasurer and have the right to withdraw the fund to your MoMo wallet to use for group activities. You can also invite more members to the group fund by sharing the group fund link via channels such as Messenger, Zalo, Facebook, SMS, Email, etc. Each group fund can have a maximum of 200 participating members.

Members of the group fund can deposit money into the group fund by choosing to contribute to the fund and entering the amount to deposit. Members can also track balances, transaction history and donation activities of the group fund. All group fund transactions are recorded and notified to all members, ensuring transparency and clarity.

Benefits when creating a common group fund on MoMo

Creating a common group fund on MoMo brings many benefits to users, such as:

• Helps you and your group of friends save for common purposes, strengthening the spirit of solidarity and attachment.
• Helps you manage group funds effectively and transparently, without having to record, calculate or remember income and expenses.
• Helps you call for group fund contributions simply and quickly, without having to remind or urge members.
• Helps you use group funds conveniently and safely, without having to carry cash or transfer money via bank.

Conditions for successfully establishing a group fund on MoMo

To get a joint savings group fund account on MoMo, your account needs to meet the following conditions:

• MoMo wallet account has verified account information (with enough photos of both sides of ID card/CCCD).
• You have performed facial authentication on the MoMo application.
• MoMo account has been connected to at least 1 bank.

How to create a common group fund on MoMo is extremely simple

To create a common group fund on MoMo, you need to do the following steps:

Step 1: Access the MoMo application and select 'See more services' > Then select 'Group fund'.

Step 2: Click the plus icon to add a MoMo group fund. Then you fill in information about the fund such as: fund name, introduction, fund image and target amount. Then click 'Create Fund'.

Step 3: Agree to the Terms and Conditions of Service Use and click Start. Your group fund will be successfully created and will have an interface as shown below.

Note: For each MoMo account, you are only allowed to create no more than 2 group funds.

How to add members to the common group fund on MoMo

Once you have created a common group fund on MoMo, you need to add members to contribute money. Here's how to add members to the MoMo group fund.

Step 1: On the MoMo application, go to the common group fund screen, then click the 'Share' button in the right corner of the screen.

Step 2: You select 'Share Messenger' to send group funds to the Messenger chat group. Or you can choose Copy link to share group funds across other platforms.

Note: Each group fund on MoMo has no more than 200 members!

How to deposit money into a common group fund on MoMo

To deposit money into the general group fund on MoMo, you need to follow these steps:

Step 1: You access the app MoMo and select 'See more services' > Group fund.

Step 2: You choose the group fund to which you want to deposit money. Then, you click on 'Donate funds'.

Step 3: Fill in the amount you want to send and make notes if necessary, then click 'Donate'. Next, you accept the Terms and Conditions of service use and click Start.

Step 4: Click Confirm to complete depositing money into the fund.

Epilogue

How to create a common group fund on MoMo is an interesting and useful feature of the MoMo application. You can create a joint group fund with anyone you want and manage joint money easily. You don't need to worry about dividing money, sending money, receiving money, or making payments, just create a group fund and enjoy fun joint activities.