How To Withdraw From Piggyvest To Bank Account In 2024

How To Withdraw From Piggyvest To Bank Account In 2023

The very reason why many people continually search for how to withdraw from PiggyVest accounts is all because they couldn’t find the way out most especially those who just got started.

With the many functions on PiggyVest app, it may possibly seem too difficult to know how to withdraw from PiggyVest account after saving.

However, while some know how to withdraw from PiggyVest account, the only problem some other types of people have is particularly “how to withdraw from PiggyVest accounts without using the set date”.

Can you figure out any difference?

Whether your answer is yes or no, just believe this article is a quick guide to successfully walk you through how to withdraw from PiggyVest account without using a set day or not.

I wouldn’t want you to go straight into knowing how to withdraw from PiggyVest account without first having the knowledge on what PiggyVest is. What is PiggyVest?

This is a question you might need answers to.

What Is PiggyVest?

How To Withdraw From Piggyvest To Bank Account In 2023

PiggyVest is a Nigerian fintech platform that allows individuals to save and invest their money in a secure and convenient way.

Formerly known as Piggybank.ng, PiggyVest was founded in 2016 and has since grown to become one of the leading digital savings and investment platforms in Nigeria.

PiggyVest offers various savings and investment options, including a traditional savings account, fixed deposit accounts, and investment options such as agriculture, real estate, and transportation.

Users can set savings targets and automate regular savings contributions from their bank accounts. PiggyVest also offers a feature called “SafeLock” which allows users to lock away their savings for a specified period and earn higher interest rates.

In addition to savings and investment options, PiggyVest also provides access to personal finance management tools such as budgeting and expense tracking, as well as access to loans and insurance products.

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The platform is available on both web and mobile, and is designed to be user-friendly and secure.

How Does PiggyVest Works

PiggyVest works by providing users with a secure and convenient platform to save and invest their money. Here are the basic steps to using PiggyVest:

Create An account

To get started with PiggyVest, you need to create an account on their website or mobile app.

You will be required to provide some basic information such as your name, email address, and phone number.

Set Savings Goals

Once you have created an account, you can set savings goals for different purposes, such as an emergency fund, a vacation, or a down payment on a home.

You can also create a recurring savings plan, where you can automate regular contributions from your bank account.

Choose An Investment Option

PiggyVest offers various investment options, such as agriculture, real estate, and transportation.

You can choose an investment option that aligns with your savings goals and risk appetite.

Lock away your savings

PiggyVest offers a feature called “SafeLock” where you can lock away your savings for a specified period and earn higher interest rates.

This feature helps you avoid the temptation of dipping into your savings before you reach your goal.

Withdraw your savings

This is the key focus in this article, you’ll be learning how to withdraw from PiggyVest account easily and straight forward in different ways.

You can withdraw your savings from PiggyVest at any time, and the funds will be transferred to your bank account within 24 hours.

Monitor your progress

PiggyVest provides a dashboard where you can monitor your savings and investment progress, as well as access personal finance management tools such as budgeting and expense tracking.

PiggyVest also offers access to loans and insurance products, which can help users achieve their financial goals.

How To Withdraw From PiggyVest Account To Bank Account In 2023

As you’ve already known in this article, you’d be learning about how to withdraw from PiggyVest account, everything that has to be known has been shared with you here without any hidden secret.

Withdrawing from PiggyVest is a simple process. Kindly follow the given steps below:

1 Log in to your PiggyVest account on the website or mobile app.

2. Click on the “Withdraw” button on the dashboard.
3. Enter the amount you want to withdraw and select the bank account you want the money to be transferred to.
4. Click on “Continue” and review the details of the withdrawal.
5. Click on “Confirm” to initiate the withdrawal process.

You will receive a confirmation message indicating that your withdrawal has been processed.

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The money will be transferred to your bank account within 24 hours.

Note that PiggyVest charges a withdrawal fee of N10 for withdrawals below N5,000 and a fee of 1% of the withdrawal amount for withdrawals above N5,000.

Also, you can only withdraw funds that are not locked in a SafeLock or investment plan.

If you have funds locked in a SafeLock or investment plan, you will need to cancel the plan before you can withdraw the funds.

How To Withdraw From PiggyVest Account After Savings

To withdraw from your PiggyVest account after savings, you can follow these steps:

1 Log in to your PiggyVest account on the website or mobile app.

2. Click on the “Withdraw” button on the dashboard.
3. Select the savings plan that you want to withdraw from. If you have multiple savings plans, select the one you want to withdraw from.
4. Enter the amount you want to withdraw and select the bank account you want the money to be transferred to.
5. Click on “Continue” and review the details of the withdrawal.
6. Click on “Confirm” to proceed on the PiggyVest withdrawal process.

You will receive a confirmation message indicating that your withdrawal has been processed and will be disbursed soon.

The money will be transferred to your bank account within 24 hours.

Note that PiggyVest allows you to withdraw from your savings plans at any time, but there may be penalties or restrictions depending on the specific plan.

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For example, if you withdraw from a SafeLock plan before the lock-in period is over, you may lose some or all of the interest you have earned.

Be sure to review the terms and conditions of your savings plan before withdrawing.

How To Withdraw From PiggyVest Account After Savings

This is the last way on how to withdraw from PiggyVest account.

To withdraw from your PiggyVest account after savings, you can follow these steps:

Kindly log in to your PiggyVest account, this could either be through the app or website.

Tap on the “Withdraw” button on the dashboard.

Select the savings plan that you want to withdraw from. If you have multiple savings plans, select the one you want to withdraw from.

Enter the amount you want to withdraw e.g N5,000 and select the bank account you want the money to be transferred to.

Tap on “Continue” and review the details of the withdrawal.

Click on “Confirm” to initiate the withdrawal process.

A withdrawal confirmation will be sent indicating that your withdrawal as being processed.

Also expect the money to get to the designated bank within 24 hours.

How To Withdraw From PiggyVest Without Using The Set Date In 2023

Many people as been asking to know how to withdraw from PiggyVest without using the set date, however, if you happen to be one of them, kindly follow the guidelines provided below:

1 Log in to your PiggyVest account on the website or mobile app.

2. Click on the “Withdraw” button on the dashboard.
3. Select the savings plan that you want to withdraw from. If you have multiple savings plans, select the one you want to withdraw from.
4. Insert the amount you want to withdraw and select the bank account you want the money to be transferred to.
5. Click on “Continue” and review the details of the withdrawal.
6. 5. Click on “Confirm” to initiate the withdrawal process.

A confirmation message will be sent to you after placing withdrawal.

If you have a locked savings plan such as a SafeLock or a Target Savings plan, you will need to cancel the plan before you can withdraw the funds.

To cancel a savings plan, go to the “My Savings” tab on the dashboard, select the plan you want to cancel, and click on “Cancel Plan”.

Note that if you cancel a plan before the set date, you may lose some or all of the interest you have earned.

How To Withdraw From PiggyVest To Bank Account In Different Ways

PiggyVest offers different ways to withdraw funds from your account, depending on your needs and preferences. Here are the different ways to withdraw from PiggyVest:

Bank Transfer: You can withdraw funds from your PiggyVest account to any bank account in Nigeria. To do this, you need to provide the bank account details on the PiggyVest platform.

PiggyFlex: This is a feature that allows you to spend your PiggyVest funds directly from your account without having to withdraw to your bank account.

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With PiggyFlex, you can make online payments, pay bills, and transfer funds to other PiggyVest users.

ATM Card: You can withdraw funds from your PiggyVest account using an ATM card.

To do this, you need to link your ATM card to your PiggyVest account on the platform.

USSD: You can also withdraw funds from your PiggyVest account using USSD. Simply dial the PiggyVest USSD code (*778#) on your mobile phone and follow the prompts to withdraw funds.

Cash Pickup: PiggyVest offers a cash pickup service, which allows you to withdraw funds from your account in cash.

You can request for cash pickup on the platform and a representative will contact you to arrange for the pickup.

Note that for some of these withdrawal options, there may be fees or restrictions, so be sure to check the terms and conditions before making a withdrawal.

FAQs On How To Withdraw From Piggyvest To Bank Account In 2023

Frequently Asked Questions On How to withdraw from PiggyVest Account After Savings In 2023

Here are some frequently asked questions on how to withdraw from PiggyVest:

How long does it take to receive my withdrawal?

Answer: After processing a withdrawal, you should receive your funds within 24 hours. However, in some cases, it may take longer depending on your bank’s processing time.

Can I withdraw from my PiggyVest account anytime?

Answer: Yes, according to the teaching on how to withdraw from PiggyVest account, you can withdraw from your PiggyVest account at any time, as long as the funds are not locked in a SafeLock or investment plan.

What is the withdrawal fee for PiggyVest?

Answer: PiggyVest charges a withdrawal fee of N10 for withdrawals below N5,000 and a fee of 1% of the withdrawal amount for withdrawals above N5,000.

Can I withdraw from a locked savings plan?

Answer: Yes, you can withdraw from a locked savings plan such as a SafeLock or Target Savings plan, but there is a breaking fee of 2.5% of the amount you want to withdraw.

What happens if I withdraw from a locked savings plan before the set date?

Answer: If you withdraw from a locked savings plan before the set date, you may lose some or all of the interest you have earned. Be sure to review the terms and conditions of your savings plan before withdrawing.

How do I cancel a savings plan?

Answer: To cancel a savings plan, go to the “My Savings” tab on the dashboard, select the plan you want to cancel, and click on “Cancel Plan”.

Note that if you cancel a plan before the set date, you may lose some or all of the interest you have earned.

Can I withdraw funds from piggyvest using an ATM card?

Answer: Yes, you can withdraw funds from your PiggyVest account using an ATM card.

To do this, you need to link your ATM card to your PiggyVest account on the platform.

Is there a limit to the amount I can withdraw from PiggyVest?

No, there’s no limit to the amount you can withdraw from your piggyvest account.

Conclusion On How To Withdraw From PiggyVest To Bank Account In 2023

To wrap it up, there are different ways to withdraw funds from your PiggyVest account, including bank transfer, PiggyFlex, ATM card, USSD, and cash pickup.

However, you cannot withdraw from a locked savings plan before the set date without incurring penalties or restrictions.

Also, note that there may be fees associated with some withdrawal options, and there are daily withdrawal limits.

Be sure to check the terms and conditions and fees before making a withdrawal from your PiggyVest account.

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