Can I Withdraw All My Money from Piggyvest? (Understanding The Withdrawal Policies and Limits)

Can I withdraw all my money from Piggyvest?

In today’s world, digitalization has made many things very easy, including in the financial industry unlike before. You can now open a secured money-saving app and save your money without leaving your home.

One of those apps is Piggyvest. This platform was founded in 2016 by Endeavor Global Network and licensed by the Central Bank of Nigeria as a microfinance bank, so it is very safe and secure.

The purpose of this platform is to save your money, either in USD or Naira for a certain period such as 3 months, 6 months, etc, depending on your choice, and at the same time gives you a great interest rate in return.

CLICK HERE TO SIGN UP WITH PIGGYVEST AND ENJOY THEIR HUGE INTEREST RATE

There are so many questions about Piggyvest and one of them is ” Can I withdraw all my money from Piggyvest?

Well, I understand that when it comes to money, people are always cautious and they ask a lot of questions like this.

Note – Piggyvest is Approved by the Nigerian Government, it has thousands of users and it has been operating since 2016. I have been using it since 2020, so it’s very safe and gives a high-interest rate.

Having introduce the platform, let’s dive into the main topic which is ” Can I withdraw all my money from Piggyvest?

Understanding Piggyvest Withdrawal Process

On this particular question, Piggyvest made it clear in their platform that their Customers have the right to withdraw every money they have in their Piggyvest accounts.

As I said before, I understand that many banks and other financial institutions have a very strict policy on the total withdrawal of their money by their customers, but in the case of this money-saving app, it is not so. In fact, you as a customer have total control of your money.

How To Withdraw Money From Piggyvest

The withdrawal process on this platform is very simple and straightforward.

Step 1. Just Log in to your Piggyvest account by visiting their website or open the mobile app and log in using your name and password, or your fingerprint depending on the type of device you operate.

Step 2. Open the Withdrawal section once you logged in, and find the withdrawal or cash-out section in your account dashboard.

Step 3. Select the withdrawal method you want.

Piggyvest has many withdrawal options, such as direct bank transfer, and more recently, the introduction of the Flex Dollar feature for international withdrawals (subject to availability).

Step 4. Type in the withdrawal amount.

Just select the amount you want to withdraw from your Piggyvest account.

Also, have it in mind that there may be a small withdrawal fee or charges.

Step 5. Confirm that all the details are current and everything is fine. Then put in your password or fingerprint and you are done.

How to Safely Withdraw Money from Piggyvest Safe Lock Before Maturity

Piggyvest Safe lock is the feature that the company uses to save money for its customers and In return gives interest to them while they are still saving with Safe lock.

Piggyvest Safe Lock

It acts just like a fixed deposit account whereby one will select the period to lock his or her money so that he will be given an interest in return.

Now you understand what the Safe lock means, the question now is, what if an emergency occurs which will require money immediately? Can you still have your money under the Piggyvest Safe lock?

Well, you will also learn about that in this article too.

Understanding the Safe Lock Terms and Conditions

The truth is, you can still withdraw your money in Safe Lock In case of emergency, but there may be a penalty, depending on your safe lock plan.

Before Using this platform, or before making any withdrawal, it is very necessary to know about the terms and conditions of Piggyvest Safe Lock. Well, here are the terms and conditions of Safe Lock.

There are many Safe Lock plans and each of them has a specific duration, interest rate, and lock-in period, during which your funds cannot be accessed without a penalty.

So, make sure you know the applicable penalties for early withdrawal, as they can differ depending on the plan you choose.

Although you can withdraw, but it is not advisable because withdrawing money from a Safe Lock before maturity should be a last resort.

It Is very important to know your financial situation. I mean consider whether you have alternative sources of funds or income before investing/Saving your funds in Safe Lock.

Why am saying this is because as I said earlier, if you want to break the Piggyvest Safe lock ( withdrawing before maturity) there will definitely be a penalty.

Again you may need to check the eligibility of withdrawal, because not all Safe Lock plans may permit early withdrawal.

So, log in to your Piggyvest account and check if your specific Safe Lock plan allows for early withdrawal. If it does, then you can proceed with it.

How To Break Piggyvest Safe Lock

After checking everything I listed above and having known that your money in Safe Lock could be withdrawn before maturity and also without minding the possible penalty, now proceed to withdraw.

Step 1. Login to your Piggyvest account and move over to the safe lock option.

Click open and you will see your money still under lock.

Step 2. Click on it and you will see the option for withdrawal. Click on it and your money will be moved to your main Piggyvest account.

Step 3. In your Piggyvest, dashboard click on withdrawal.

Step 4. Select the withdrawal method you want.

Piggyvest has many withdrawal options, such as direct bank transfer, and more recently, the introduction of the Flex Dollar feature for international withdrawals (subject to availability).

Step 5. Type in the withdrawal amount.

Just select the amount you want to withdraw from your Piggyvest account.

Also, have it in mind that there may be a small withdrawal fee or charges.

Step 6. Confirm that all the details are current and everything is fine. Then put in your password or fingerprint and you are done.

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