How to get started

Follow the few simple steps below

Create your account

Download the app and verify your identity. Connect your bank account to easily make contributions and receive payouts.

Find or create a group

Choose the terms that fit your need. Invite friends to join your group and start saving together. Chat and organize all the details via the Joola app.

Pay and get paid

All payments are automated. Receive a payout when it’s your turn! Join another group when completed to continue saving money.


What fees are involved?

Simple! We charge a low percentage fee based on your payout position. The first member to receive a payout will be charged 8%, the next few turns are charged at 5%, whereas the last two members will receive 1% and 2% cash rewards respectively.

All the fees will be deducted per payout. You can view all the payment details, including the fees on your payment schedule screen.

How do I get the cash bonus?

Good things come to those who wait! When you are the last two members to receive a payout in your group, you will earn 1-2% cash reward. Grow your savings faster than regular savings accounts.

What do I need to join Joola groups?

You will need to have a valid social security number and a U.S. bank account. We may also ask a few questions to verify your identity and making sure everyone is who they say they are. This is an important step to protect our users.

The success of the group is dependent on everyone in the group succeeding.

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