Home Finance How to Close, Delete or Deactivate your Piggyvest Account Easily

How to Close, Delete or Deactivate your Piggyvest Account Easily

Piggyvest is a digital savings and investment platform that helps people in Nigeria save and invest their money. It was founded in 2016 by Odunayo Eweniyi and Somto Oriola. The company is headquartered in Lagos, Nigeria, and has over 4 million users.

If you are looking for an easy way to close, delete or deactivate your Piggyvest account. This article is for you! In this post, we’ll walk you through the steps of how to quickly and easily close, delete or deactivate your Piggyvest account. So read on to find out more about closing, deleting or deactivating your Piggyvest account.

Why You Might Want to Close, Delete or Deactivate Your Piggyvest Account  

If you’re considering closing, deleting, or deactivating your Piggyvest account, there are several reasons why you might want to take this step. Here are a few common scenarios:

  1. Inactive Account: If you no longer use Piggyvest or have found an alternative platform for your financial needs, closing your account can help declutter your online presence.
  2. Security Concerns: If you suspect unauthorized access to your Piggyvest account or have concerns about the safety of your personal information, closing or deactivating your account can provide peace of mind.
  3. Financial Changes: If your financial circumstances have changed and you no longer require the services or features offered by Piggyvest, closing your account can help you manage your financial resources more effectively.
  4. Privacy Concerns: If you are uncomfortable with the data collection and sharing practices of Piggyvest, deleting your account can ensure that your personal information is no longer stored by the platform.
  5. Account Consolidation: If you have multiple Piggyvest accounts or want to simplify your financial management, closing or deleting redundant accounts can streamline your financial activities.

Remember, these are just a few reasons why you might want to close, delete, or deactivate your Piggyvest account. The decision ultimately depends on your individual needs and preferences.

Steps to Close, Delete or Deactivate your Piggyvest Account Easily  

let’s break down the steps to close, delete, or deactivate your Piggyvest account into a clear and comprehensive list of bullet points:

Contact Piggyvest Support:

  • Reach out to Piggyvest’s customer support through one of the following methods:
    • Email: contact@piggyvest.com
    • Phone: 0700 933 933 933
  • Inform them about your intention to close, delete, or deactivate your account.

Provide Identification Information:

  • Piggyvest will require specific information to verify your identity. This step is crucial to ensure that the account closure process is secure.
  • Prepare the following information that might be required:
    • Full Name
    • Registered Email Address
    • Phone Number
    • Date of Birth
    • Any additional information Piggyvest may request for verification.
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Confirm Account Ownership:

  • Piggyvest’s customer support will guide you through the process of confirming that you are the legitimate account owner.
  • This might involve answering security questions or providing documents for verification.

Settle Outstanding Transactions:

  • Ensure that you don’t have any pending transactions, investments, or balances in your Piggyvest account.
  • If you have ongoing transactions or investments, you might need to wait until they are completed before proceeding.

Request Account Closure:

  • Once your identity is verified and your account is clear of any pending activities, formally request the closure, deletion, or deactivation of your Piggyvest account.

Follow Provided Instructions:

  • Piggyvest’s customer support will provide you with specific instructions on how to proceed with the account closure process.
  • Follow these instructions carefully to ensure a smooth closure.

Confirm Closure:

  • Piggyvest may require you to confirm your decision to close, delete, or deactivate your account. This step is often taken to prevent accidental closures.

Wait for Confirmation:

  • After confirming your request, wait for Piggyvest to process your account closure.
  • This may take some time depending on their internal processes.

Check for Confirmation Email:

  • Piggyvest will likely send you a confirmation email once your account closure request has been successfully processed.
  • This email might include details about the closure and any remaining steps, if applicable.

Verify Closure:

  • Log in to your email and check for the confirmation of account closure from Piggyvest.
  • If you receive such an email, it indicates that your account has been successfully closed, deleted

Remember to withdraw any funds or transfer them to another account before closing your Piggyvest account. Additionally, ensure that you have saved any important data or documents from your account before proceeding.

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What happens After Closing, Deleting or Deactivating Your Account  

Once you have closed, deleted, or deactivated your Piggyvest account, here are a few things you should keep in mind:

  1. Account Termination: Your account will no longer be accessible, and you will lose access to any funds or investments associated with it. Make sure to withdraw any remaining funds or transfer them to another account before taking this step.
  2. Data Retention: Piggyvest may retain your personal information for a certain period of time after account closure, as required by law or for their own business purposes. However, they should no longer use this data to contact you or process any transactions.
  3. Communication: You will no longer receive any emails, notifications, or updates from Piggyvest once your account is closed, deleted, or deactivated.
  4. Reopening Account: If you change your mind and wish to reopen your Piggyvest account in the future, you will need to contact their customer support for assistance. Keep in mind that they may have certain policies or procedures in place for account reactivation.
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Remember to review Piggyvest’s terms and conditions or privacy policy for any specific information regarding account closure, deletion, or deactivation.

FAQS

What is the break fee for Piggyvest?

The break fee for Piggyvest is 2.5% of the amount you withdraw if you withdraw outside of your free withdrawal dates. You can set your own free withdrawal day or use Piggyvest’s 4 fixed free withdrawal dates every year by default.

How can I Unflag my Piggyvest account?

If your Piggyvest account has been flagged, you can unflag it by contacting Piggyvest customer support. They will need to verify your identity and may ask you some questions about your account.

How do I remove all my money from Piggyvest?

To remove all your money from Piggyvest, you can follow these steps:

  1. Log in to your Piggyvest account.
  2. Go to the “Withdrawals” section.
  3. Select the amount you want to withdraw.
  4. Choose the withdrawal method (bank transfer or debit card).
  5. Click on “Withdraw”.

How do I lock my savings on Piggyvest?

To lock your savings on Piggyvest, you can follow these steps:

  1. Log in to your Piggyvest account.
  2. Go to the “Safelock” section.
  3. Select the amount you want to lock.
  4. Choose the lock duration (3 months, 6 months, or 12 months).
  5. Click on “Lock”.

How do I break my PiggyVest?

To break your PiggyVest savings, you can follow these steps:

  1. Log in to your Piggyvest account.
  2. Go to the “Target Savings” section.
  3. Select the target you want to break.
  4. Click on “Break”.

Please note that if you break your PiggyVest savings before the maturity date, you will lose your accrued interest and may also be charged a processing fee.

Conclusion 

In conclusion, closing, deleting, or deactivating your Piggyvest account is a straightforward process that can be completed in just a few steps. Whether you no longer use the platform, have concerns about security or privacy, or simply want to consolidate your accounts, closing your Piggyvest account can help you manage your finances more effectively. 

Remember to withdraw any funds or transfer them to another account before closing your account, and make sure to save any important data or documents from your account beforehand. Once your account is closed, you will no longer have access to any funds or investments associated with it, and Piggyvest may retain your personal information for a certain period of time as required by law. 

If you ever change your mind and wish to reopen your account, contact Piggyvest’s customer support for assistance. Make sure to review their terms and conditions or privacy policy for any specific information regarding account closure. 

Thank you for reading this guide on how to close, delete, or deactivate your Piggyvest account easily. We hope you found it helpful and that you can now confidently take the necessary steps to manage your financial resources.