Piggy Bank: How To Register, The Saving Program And All You Need To Know About Piggy Vest

PiggyVest, previously named piggybank.ng is a simple app that helps a customer save and invest with ease. It is the largest online savings & investing platform in Nigeria. This savings app helps you curb all the excessive spending by enabling you to save and invest money you would normally be tempted to spend.

 

You can decide to save little amounts of money periodically ( either Daily, Weekly or Monthly) in the directions of a specific savings target OR lock away funds for a specified period of time by letting you easily keep away funds that you will not like to touch.

 

The stress is taken away by combining simplicity, discipline, convenience, and flexibility to enable you manage your finances better and achieve financial freedom.

 

 

How To Get started

  • Go to the website or Download the app to your smartphone or Android device through Google play or Playstore.
  • Create an account.
  • Set your withdrawal account
  • Make your first savings deposit to Activate your account. Make use of a MasterCard, VisaCard or Verve from any bank in Nigeria.
  • Then set up your savings plan.

 

If you asking about Bank charges, it should interest you know that piggyvest is completely FREE. There are no bank charges to be incurred for transferring money to your PiggyVest account.

 

 

Amounts To Begin With

You can save only between:

N50 – N25,000 daily,

N1000 – N100,000 weekly,

or N3,000 – N500,000 monthly

While using the Quicksave option which enables you to add more funds to your savings at any time, you can add up to N500,000 per time.

 

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WITHDRAWALS

Withdrawals are done for FREE only on set Withdrawal dates. You can either set your own FREE withdrawal day OR make use of Piggybank’s 4 fixed FREE withdrawal dates every year.

After you have made the request, funds will be sent back to your Flex Account immediately and then you can withdraw to your set bank account anytime.

 

Remember that If you have chosen to set your own convenient FREE withdrawal date, the next available FREE date will be precisely 3 months from the last time you withdrew.

 

 

 Piggybank’s Free Withdrawal Dates

Pick your own FREE withdrawal dates on your dashboard OR You can use Piggybank’s FREE withdrawal days which are:

31st March

30th June

30th September

31st December

 

Withdrawals made outside the Withdrawal days will attract a 5% penalty fee.

You can decide the amount to withdraw per time. Simply go to the withdraw page and fill in the amount you wish to withdraw.

 

 

How To Withdraw Your Savings

Enter your bank details in your withdrawal settings and click on the “withdraw” option on your dashboard, fill in the amount you wish to withdraw and your funds will be transferred to your set bank account within the stipulated time which is a maximum of 3 working hours.

 

Minimum and Maximum amounts for withdrawal

The minimum amount you can withdraw from your Piggybank account is set at N3000. There is no maximum amount set. Meaning you can withdraw all your funds anytime you please. However, fixed free withdrawal dates still apply.

Note: You can ONLY withdraw once in 24hours.

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