How To Withdraw Money From Piggyvest Safelock Before Due Date

Reasons Customers May Want to Withdraw Before Due Date

There are several reasons why customers may want to withdraw their funds from their PiggyVest Safelock account before the due date, some of the reasons include:

Emergency Funds: One of the primary reasons customers may want to withdraw their funds early is due to unforeseen emergencies or financial needs.

In such situations, having access to their money quickly can help alleviate stress and provide much-needed financial relief.

Better Investment Opportunities: Sometimes, customers may identify better investment opportunities with higher returns or lower risk profiles.

In these cases, they may choose to withdraw their funds from the Safelock account to invest in alternative financial products or assets.

Improved Liquidity: Having their money readily available in a liquid account can provide customers with greater financial flexibility.

This can be especially important for those who need to access their funds for various expenses, such as paying bills, making purchases, or funding personal projects.

Peace of Mind: Some customers may prefer to have their funds readily accessible, even if it means sacrificing the potentially higher interest rates offered by the Safelock feature.

This may be due to personal preferences or a general desire for more control over their finances.

Increased Financial Planning: By withdrawing funds before the due date, customers can better plan and manage their personal finances.

This may involve reallocating funds to other financial goals, such as paying off debts, saving for a particular purpose, or building an emergency fund.

Now let’s see how to withdraw money from piggyvest safelock before due date.

How To Withdraw Money From Piggyvest Safelock Before Due Date

Before diving into how to withdraw money from piggyvest safelock before due date, keep in mind that withdrawing your funds before the due date attracts a penalty fee. However, the amount of the penalty fee depends on the investment term and policy.

To withdraw your funds from Piggyvest, kindly follow the essential steps outlined here:

Log in to your PiggyVest account: To initiate the withdrawal process, log in to your PiggyVest account using your email address and password.

Look for the Safelock investment: Once logged in, navigate to the “Investments” tab and locate your Safelock investment.

Request a withdrawal: Click on the “Withdraw” button next to your Safelock investment. You will be prompted to enter the amount you wish to withdraw, along with any associated fees.

Confirm the withdrawal: After entering the withdrawal amount and fees, review the details of your withdrawal request and confirm your decision.

Read: How to Stop Loan Apps from Accessing Your Contacts

Wait for the withdrawal processing: Once your withdrawal request has been submitted, PiggyVest will process the request. This process may take a few business days to complete.

Receive your funds: Upon successful processing of the withdrawal request, the funds will be transferred to your bank account associated with your PiggyVest account.

FAQs On How To Withdraw Money From Piggyvest Safelock Before Due Date

The following are some helpful frequently asked questions on how to withdraw money from piggyvest safelock before due date with their respective answers:

How do I unlocked Money on PiggyVest?

To unlock locked money on PiggyVest, follow these steps:

Log in to your PiggyVest account using your email address and password.
Once logged in, you will be directed to your dashboard.
Locate the locked money goal or plan you wish to unlock.
Click on the “Unfreeze” button, which is usually located next to the locked money goal or plan.
A pop-up window will appear, asking for your confirmation. Click “Confirm” to proceed with unlocking the locked money.

By following these steps, you will successfully unlock the locked money on PiggyVest and have access to the funds.

How do I change Withdrawal Date on PiggyVest

To change your withdrawal date on PiggyVest, follow these steps:

Log in to your PiggyVest account using your email address and password.
Once logged in, you will be directed to your dashboard.
Locate the savings plan or goal you wish to change the withdrawal date for.
Click on the “Edit” button next to the plan or goal.
A new page will open, displaying the details of the plan or goal.
Scroll down to the “Withdrawal Date” section and click on the “Edit” button.
Choose the new date for your withdrawal from the calendar or by manually entering the date.
Click “Save” to confirm your changes.

After completing these steps, your withdrawal date on PiggyVest will be updated to the new date you selected.

What is Piggyvest SafeLock?

SafeLock is a feature offered by PiggyVest that allows users to lock their funds for a specified period, ranging from 7 to 90 days.

This feature helps users save money without the risk of withdrawing it prematurely, as they cannot access the locked funds during the chosen period.

SafeLock provides a higher interest rate compared to regular savings plans, making it an attractive option for those looking to grow their savings.

Can I Withdraw before Maturity Date on Cowrywise?

Cowrywise allows users to withdraw their funds before the maturity date, but there are penalties of fees associated with early withdrawals.

I’ll advise you to carefully review the terms and conditions of your chosen investment plan to understand the potential consequences of early withdrawals.