₦airaland Forum

Has anyone ever been through the stress of fairmoney?

richgang:
I intended to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my account, immediately the money hit my account , fair money restricted my account and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?

go to their physical office

Firebox123:
go to their physical office

they have only one office o!

@Op I think you should write cbn

Firebox123:
go to their physical office

he is currently not in Nigeria

Calm down it's a normal procedure for any single transaction above 5million naira.. for individual account. All banks are mandated to declare those transactions.

Your money is safe tho.

Next time.. break the transaction into pieces like 3m each and do them over some days.. to avoid these waiting times.

It seems all these small Nigerian banks are playing the same script on diasporans.
Providusbank used the same method to " )seize" my 100k since December last year after I transferred the initial deposit of 100k for opening a new account with them.
First, they said my BVN data doesn't correspond with the NIN I I submitted. I updated the NIN data and they are now requesting for me to send them information about my abode in Nigeria so they can verify.
100k will not kill me, so I just left it with them Until whenever I'm in Nigeria.

Fear not.
It's a normal procedure to verify the funds.
They will contact the bank or money transfer company and your funds will be released.

I know someone who had the same issue but the funds was later released.

It might take a week.

richgang:
i currently reside in the UK and I wanted to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my account, immediately the money hit my account , fair money restricted my account and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?

call them out on social media, send a mail to CBN and copy them

Be more patient let them verify the source of the funds

Kelklein:
Calm down it's a normal procedure for any single transaction above 5million naira.. for individual account. All banks are mandated to declare those transactions.

Your money is safe tho.

Next time.. break the transaction into pieces like 3m each and do them over some days.. to avoid these waiting times.

Thanks for sharing this life hack

Firebox123:
go to their physical office

Just curious: where is their physical office?

werisetogether:
Just curious: where is their physical office?

28 Pade Odanye close, off Adeniyi Jones, Ikeja, Lagos, Nigeria

Firebox123:
28 Pade Odanye close, off Adeniyi Jones, Ikeja, Lagos, Nigeria

Thanks

werisetogether:
Thanks

Are you the OP

Op,
Next time do business with company that have physical office,

My mentality

Firebox123:
Are you the OP

No

richgang:
i currently reside in the UK and I wanted to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my account, immediately the money hit my account , fair money restricted my account and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?

Any update on this?

richgang:
i currently reside in the UK and I wanted to invest 9 million naira in the fairmoney 28 percent per annual. I verified my profile already and my daily limit was increased to 20 million naira . So I decided to test the app , and I sent 9 million inside my account, immediately the money hit my account , fair money restricted my account and they are telling me they are investigating where the money is coming from. It’s been 4 days without any solution from them and they are holding my 9 million. I can’t invest it and I can’t even transfer any money out .
Please what should I do ? I have reached out to their customer service and they keep saying I should be patient .
Has anyone ever been through the stress of fairmoney?

So sorry for your ordeal. Like someone said, always break the sums into installments and send- always leave a 24hrs break before next payment.

Let me know if you haven’t been cleared so I can help out.

Kelklein:
Calm down it's a normal procedure for any single transaction above 5million naira.. for individual account. All banks are mandated to declare those transactions.

Your money is safe tho.

Next time.. break the transaction into pieces like 3m each and do them over some days.. to avoid these waiting times.

This is what a prudent person should have done instead of sending the money in bulk