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Piggybank.ng - Real Or Scam? Your Advise Is Needed - Investment - Nairaland

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Piggybank.ng - Real Or Scam? Your Advise Is Needed by Olajhidey22(m): 8:28am On Mar 30, 2016
I saw a sponsored post on my facebook news feed last night, as good as it may sound but i find it hard to believe and trust them with my fund to save with no commission or monthly charge or whatsoever fees.

The post reads thus:

"Saving can be hard when done manually, but Piggybank.ng enables you automatically save little amounts of money daily, weekly or monthly depending on what you set until you reach your savings target."

NO deposit fees. NO withdrawal fees*
NO monthly fees. Bank-level Security.
Up to 4% Annual Interest

My Questions:

- Can i trust them with my fund?
- I can't think of any bank that pays 4% interest annually, what's their source of income?

Please your thoughts and response is highly welcomed, most especially if you have an experience with them.

Their Website is http://www.piggybank.ng
Thanks all!
Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by mayorkyzo: 8:35am On Mar 30, 2016
Have to say the site looks genuine..if you live in Lagos it would have being better you go to their office...

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Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by Olajhidey22(m): 9:31am On Mar 30, 2016
mayorkyzo:
Have to say the site looks genuine..if you live in Lagos it would have being better you go to their office...

That's a really nice idea!
My problem is just that i'm always having a busy schedule and at the moment am outta Lagos.

What other suggestion do you feel could be more better?
Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by Olajhidey22(m): 2:21pm On Mar 30, 2016
......
Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by mercifull(f): 6:21pm On Aug 23, 2016
There is a withdrawal fee of 5percent if you withdraw on days outside the 4days in a year(ie 1day in a quarter)when withdrawals are free.
I guess the 5percent fee is how they make money. It is likely that most people will withdraw outside those 4free withdrawal dates. After all it is an emergency fund, being saved for rainy day.

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Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by Olajhidey22(m): 5:46pm On Aug 25, 2016
mercifull:
There is a withdrawal fee of 5percent if you withdraw on days outside the 4days in a year(ie 1day in a quarter)when withdrawals are free.
I guess the 5percent fee is how they make money. It is likely that most people will withdraw outside those 4free withdrawal dates. After all it is an emergency fund, being saved for rainy day.

You're right... I find them dependable so far i must confess.. No #issh still smiley
Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by mercifull(f): 8:43pm On Aug 25, 2016
So have you been able to make withdrawal without hitches?is your account credited in 24hrs as they wrote?
Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by Vihcahdhez(m): 5:53pm On Nov 08, 2018
Please I have withdrawn and I have not seen anything since oooo.
Re: Piggybank.ng - Real Or Scam? Your Advise Is Needed by Vihcahdhez(m): 5:54pm On Nov 08, 2018
Please is it normal like this,it's been 5 hours now since I withdrew my money from piggy bank.

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