Yes, you can!

Note: This can be used as proof of funds

To get your Piggyvest statement of account, please log into your Piggyvest app and click on 'Account', select 'Generate Account Statement' and follow the prompt. 

You can also send an email to contact@piggyvest.com stating your registered email address and the preferred duration of your statement of account.

A well-detailed, signed, and stamped statement of account will be automatically generated to you from the app within minutes.

Note: This will have your preferred start date till the exact date you initiated the request. 

No! It's completely FREE. 

There are no charges on softcopies of a statement of account.

This is a Semi-strict wallet that helps you save for your rent, with access to withdraw at your scheduled maturity date (Anytime in the Maturity Month).

To create your House Money, log into your Piggyvest account, click on Savings, and select House Money. Click on 'What is your rent', input your preferred amount, and the rent due date and complete the prompts to save and create your own House Money.

To fund your House Money wallet, log into your Piggyvest app, click on savings, select HouseMoney, and then copy your account number as shown on the HouseMoney dashboard.

Go to your banking app, initiate a transfer, and credit the copied account number with your preferred amount.

NOTE: You can also top up your HouseMoney from your Flex Naira and Pocket Wallet.

Yes, you do!

You earn an interest of 12% per annum on your funds in this wallet. 

Note that interest are paid on the 1st day of every new month, and you’ll lose your interest for a certain month if you initiate a withdrawal before the 1st of a new month.

PiggyVest helps you save and invest with ease. With PiggyVest, you can stop spending excessively and put away (and grow!) funds that you do not want to touch.

All of the savings and investment options on Piggyvest are tailored towards a particular need. 

• If you'd like to regularly put away money for your savings and withdraw only once a quarter, then the Piggybank wallet is right for you. You can set it so that money is taken from your account and you don't have to worry about saving manually. 

• If you're saving towards a particular goal such as rent or travel, Target Savings is a great option. You can invite friends and make it a fun challenge to smash all your financial goals. 

• If you're looking for something geared towards the long term, The SafeLock feature is perfect for you. With higher interest rates, you could lock away funds you don't need access to and make even more money by doing so. 

• If you're looking to get started on investments or diversify your portfolio, then pre-vetted, low-risk investment opportunities are regularly available on Investify to help you grow your money.

To start saving on PiggyVest:

• Visit the website or download the app to create an account.
• Set up your withdrawal account details; this is the bank account that funds you withdraw will get sent to.
• Enter your debit card details to activate your account and then make your first deposit. (You may use a MasterCard, Visa or Verve card from any Nigerian bank). 
• You may now proceed to use any of the Savings Plans to start your daily, weekly or monthly savings.

No! it's completely FREE. There are no bank charges for transferring money to your PiggyVest account.

You can ONLY autosave between:
N50 - N200,000 daily,
N800 - N1,000,000 weekly, 
or N3,000 - N5,000,000 monthly

However, you can always top up your savings at any time using the Quicksave option.

The funds in your PiggyVest Account are warehoused and managed by PV Capital Limited - RC No. 1760152  (“PV Capital”). PV Capital is a duly registered Fund/Portfolio Manager with the Securities and Exchange Commission of Nigeria, and all its operations are in compliance with applicable regulations.

In addition, we enforce bank-grade security levels and provide you with the option to set up two-factor authentication for key transactions, as an extra layer of protection, over your PiggyVest Account.

Yes! We are located at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos.

Yes!
We work with PCIDSS-compliant payment processors - Paystack and Flutterwave, to handle your card details. 

This is a feature that helps you build financial discipline by allowing you to automatically save any amount daily, weekly or monthly. You also have an option to save manually.

No, everything is done automatically once you have set up your Autosave, except you want to top up your savings using the QuickSave option. 

Yes, you can, it is up to you to pause or continue the automatic saving any time for free. Login to your account, go to your Savings and select "Turn off Autosave" from the Piggybank savings option.

We WON'T automatically debit your account if you missed any day, week or month and we WON'T charge you either. The QuickSave option is always available for you to manually make up for any lost day, week or month.

Yes, you can increase the amount you're saving at any time. Simply login and click on 'Modify AutoSave', then edit the amount. You can also edit your frequency to daily, weekly, or monthly.

Simple! We will not be able to debit you for that day, week or month. We will only be able to save for you when you have funds in your debit card. However, you have the option to use the "Quick save" option once you have loaded your account.

This option basically enables you to add more funds to your savings. For example, if you set N1,000 daily and you miss a day or two, you can use the quick save option to deposit N2,000 or N3,000 at once. This is to ensure you meet up with your savings target.

Investify is a PiggyVest feature that allows users to earn more on their savings by investing in pre-vetted, low-medium risk, primary and secondary investment opportunities.

Investment minimums vary by investment opportunities.

Insurance coverage varies by investment opportunities.

You can fund your investment using your Flex Naira Wallet only!

Investing typically involves some level of risk. We have, however, ensured the risks are minimal by conducting Due Diligence and ensuring they meet our Criteria before listing on Investify.

Equity investments have higher risk as the returns are not fixed and are dependent on exit value.

The returns on the fixed-income investments are fixed, while the returns on the full equity investments are based on the value of the asset.

It varies on the opportunity you're choosing to invest in. Your interest could be paid daily, monthly, quarterly OR at the end of the investment period into your PiggyFlex account.

Yes! You can exit the investments before maturity by selling your units to other customers on the app. 

If you choose to sell before maturity, you will only be able to sell at the price another user is willing to buy.

The returns stated on Piggyvest are all net of taxes. So what you see is what you get!

Just like your favorite Piggyvest products, the fixed-income investments on Investify have a fixed interest rate, and the return is calculated using the simple interest formula. However, if you choose to sell before the maturity date, your exit value will be determined by the price at which other users are willing to buy.

No. You have to manually initiate the process. There will be a “Cash out” option for you to select once the investment matures.

Your BVN is required to validate your identity and kick against identity theft. This ensures another level of safety for your funds and transactions.

It also unlocks other features like generating a flex account number in your name, which can be used for transfers directly from your banking app to your Piggyvest account.

In a situation where you no longer have access to the phone number linked to your BVN, kindly contact your bank to update the phone number.

SafeLock is a fixed savings option that allows you to earn up to 17% per annum, usually paid upfront.

Your Safelock acts as your sub-account so that you can transfer and lock funds from your Flex Naira wallet or your Debit card for at least 10 days, without access to these funds until maturity.

The SafeLock feature is one step further towards curbing the temptation to touch funds that you have put aside to save.

SafeLock interests are prorated and paid for the duration you set. 

On funds locked for:

• 10 - 30 days, the interest is calculated at 12% per annum and prorated for the duration you set.
• 31 - 60 days, the interest is calculated at 13% per annum and prorated accordingly
• 61 - 90 days, the interest is calculated at 14% per annum and prorated accordingly
• 91 - 180 days, the interest is calculated at 14.5% per annum and prorated accordingly.   
• 181 - 270 days, the interest is calculated at 15% per annum and prorated accordingly.  
  
• 271 - 365 days, the interest is calculated at 15.5% per annum and prorated accordingly.  
  
• Above 1 - 2 years, the interest is calculated at 16.5% per annum and prorated accordingly.
• 2 years and above, the interest is calculated at 17% per annum and prorated accordingly.
  
 

Note: The minimum amount that may be kept in SafeLock is N1000.

Yes, you can have more than one SafeLock; and you can give them different names (purposes) too.

E.g. You can have a SafeLock for your Fees, Wedding; Birthday; Vacation etc.

Yes, your SafeLock is different from your normal savings plan. After initiating a SafeLock for a particular amount of money, your savings plan continues as normal.

It is completely under your control. You set the pace, duration and everything else concerning your SafeLock.

Yes, you can. Simply ensure the duration of the existing locked fund is above 90days. Select the particular SafeLock, click on "Top-up" and enter the amount.

PS: You can only top up your safelock with funds from your Piggybank wallet. Your interest would be prorated and paid based on the remaining days.

You can have as many Safelocks as possible!

No, funds can only be accessed upon maturity. 

In cases where you may want to close your account completely, you'll have to wait until funds mature from your SafeLock before you can liquidate.

There is NO limit to the amount you can have in a safelock.

However, the maximum amount you can have per Safelock is #100m

With Target Savings, you are able to save consistently towards a particular financial goal. You can create a personal target or a Group savings challenge with multiple users.

Save for your rent, vacation, a new gadget, and even towards starting your new business with Target savings, and earn more money while at it!

Log in to your dashboard and click on the 'Savings' then select the Target option.

Click on the '+' option on the bottom right of the page and then select your preferred Target from Personal, Public Group or Private Group.

Input what you wish to save for, select the category, input the amount and fill all required fields to activate it.

Yes, you can.

Simply log into your dashboard and select the 'Target Savings' option on your dashboard. Click on 'Ongoing Targets' and then select the target you would like to end and select 'Break'.

Funds will then be sent to your Flex wallet, and you will be able to access these funds.

However, if you break these funds before the maturity date, you will lose your accrued interest and also be charged a 1% processing fee. If you do not achieve the target amount by the maturity date, you will only lose your accrued interest.

P.S: You cannot break a locked target. Funds can only be accessed at the maturity date. In cases where you may want to close your account completely, you'll have to wait until your target matures.

YES.

Users who do not want to earn interest on their savings can disable it. 

Our operational costs are relatively low - we do not operate multiple branches or hire a lot of staff to manage operations. We are also able to negotiate premium rates due to volumes. 

A Flex Naira account is a flexible savings wallet where interests earned on all other PiggyVest wallets are paid. 

You earn an interest of 12% per annum on funds in your flex account but this is subject to a maximum of 4 withdrawals in a month.

If you withdraw more than 4 times a month from your Flex account, you lose all your accrued interest on your Flex savings for that month.

Additionally, you can fund your Piggybank, Target, Safelock, Flex Dollar or Investify using funds in your Flex.

On your free withdrawal days, you can also withdraw from your PiggyBank savings to your Flex Account.

Note: You can ONLY withdraw once every 10hours from your Flex account.

Yes! you can! And it's absolutely FREE.

However, you can withdraw once every 10hours. This is for security reasons and to also encourage financial discipline to Piggyvest users.

Yes, you can! Simply click on "Quick Save", input your preferred amount, and select Use Flex Naira as a source of funding.

Your Flex account number is a dedicated NUBAN through which you can fund your PiggyVest account. This number is visible under the Flex Wallet option on your dashboard.

To make use of this account number: initiate a regular bank transfer and enter your Flex account number, select the bank name(Sterling, Wema, Access e.t.c.) as shown in your Flex Naira dashboard, and proceed to make your transfer.

Funds transferred will be credited to your Flex Naira wallet.

To fund your Flex account, simply link your BVN to your Piggyvest to get your unique Flex account number. Once this is done, log into your banking app, input this account number in the required field, and select the stated bank as reflected on your Flex dashboard in the recipient bank field. 

Follow through with the required steps for funds to be transferred from your bank account to your Flex Naira wallet.

Flex Dollar is a feature that lets you save, invest and transfer funds in Dollars. 

You can fund your Flex Dollar account from your Flex Naira wallet or your Naira debit card.

All you need to do is input the amount you'd like to purchase in Dollars, then select a funding source and complete the transaction. 

NOTE: Should you fund your Flex Dollar wallet from a dollar card, this will be charged at your bank exchange rate, as Piggyvest does not charge in dollars but in Naira. 

You can fund your Flex Dollar account with as little as $1.

Yes! You get up to 7% per annum on your PiggyVest Flex Dollar account.

Interest rates are determined by the market behaviour at any given time.

You can withdraw in Naira or Dollars. Withdrawing in Naira will be at the stated parallel market buy rate and funds will be sent to your Flex Naira wallet. When withdrawing in Dollars, the funds are sent to your Dollar-denominated domiciliary bank account.

Interest on your Flex Dollar is accrued daily but paid monthly. You get up to 7% per annum on the funds in your Flex Dollar wallet.

Interest is also compounded monthly.

Flex Dollar funds are invested in a selection of high-quality dollar fixed-term investments with asset managers regulated by the Securities and Exchange Commission and Eurobonds.

These investment products focus on capital preservation while providing income and asset class diversification.

No, not for now. 

There are two(2) wallets you can withdraw from Piggyvest; your Piggybank wallet and your Flex wallet. 

You can withdraw for FREE only on set free withdrawal dates on your Piggybank wallet. 

You can set your own FREE withdrawal dates OR make use of the PiggyVest quarterly fixed FREE withdrawal dates.

After the request has been made, funds will be sent to your bank account, Pocket account, or to your Flex Naira account instantly. However, withdrawals above 3m take 3 working hours(Mon-Fri) to be processed. 

PS: If you decide to set your own FREE withdrawal date, the next available FREE date will be exactly 3 months (90 days) from your last free withdrawal day.

The Piggybank FREE withdrawal days are:

• 31st March
  
• 30th June
  
• 30th September
  
• 31st December
  

Withdrawals made outside the free Withdrawal dates attract a 3.5% penalty fee of the withdrawal amount.

Yes, you can!

You can withdraw for free at any time from your Flex wallet to your bank account or Pocket account. 

No, you can't! 

You can only withdraw to your bank account. This has to be the same name as your Piggyvest account name.

The minimum amount you can withdraw from your Piggybank is N3000 and there is NO maximum. You can withdraw all of your funds whenever, but the fixed free withdrawal dates still apply.

Yes, transfers from your Piggybank wallet to your Flex Naira account counts as a withdrawal.

PiggyPoints is a way of rewarding our users for saving consistently. The more you save in your Piggybank and Target (using either Autosave or Quicksave or Quicktop), the more you earn. 

You start to earn points when you save at least N2,000 from your debit card to your Piggybank or Target once every 12hours.

Note: For Target savings, you only earn points if the duration of the target is above 90days.

You receive points on your first 3 withdrawals from your Piggyvest to your Pocket account.

You earn 1 point if you transfer at least N2,000-N9,999 

10 points if you transfer at least N10,000 - N49,999

20 points if you transfer N50,000 - N100,000

30 points if you transfer N100,000 and above.

This is our way of rewarding you for saving consistently.

N2000 - N4999 = 1 point
N5000 - N9999 = 2 points
N10000 - N49999 = 10 points
N50000 - N99999 = 25 points
N100000 and above = 55 points

Note: Piggyvest has the right to withdraw these points at any given time once a security flag is raised on your account. 

You can convert your Piggy Points to cash in your Flex Naira account.

1 Piggy Point = N10.

Yes! The mobile app is available ONLY on Android and iOS. 

You can reach out to us via our contact@piggyvest.com or call 0700 933 933 933 (Mon-Fri from 9am-5pm), we’ll be glad to hear from you.