Piggybankltd.com Review Is PiggyBank Scam or Should I Invest

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Piggy bank on Android and iPhone – Is an online money saving bank that helps you save and invest

To save in Nigeria, Piggy bank is all you need! With piggy bank, you can save faster, smarter and efficiently. Piggy bank is just known as money saving box.

There is the wooden piggy bank safe money box for your savings, but that was during our childhood times. But piggy bank is all about online savings.

Simplicity is everything here, and it is just beautiful to use. Kolo is how we knew it during our childhood times, but right now, it is piggy bank!

Table of Interest

What is Piggy bank?

Piggybank.ng helps you stop excessive spending by allowing you save and invest money you would normally be tempted to spend. Where you will also earn over 10% interests on your savings.

Piggybank.ng is an amazing company that was started by Somto Ifezue, Odunayo Eweniyi and Joshua Chibueze, who first met at Covenant University, Nigeria.

It is a technology layer on top of what the banks have, helping grow your savings. It is connected with UBA, and you can contact them directly with your details.

How to open and register for piggy bank account?

Piggy bank is a simple app that helps you save and invest with ease. Piggy bank is available as an application on Android and iOS. You can also login online via their website.

1. Go to Piggybank.ng

2. Click on ‘Create a free account”

3. Enter the following details:
– First & Last Name (Should Match Your Bank)
– Valid Email
– Phone Number
– Create a Password
– Referrer Phone or Promo Code (Optional)
– How Did You Hear About Us

4. Tap on Create a free Account

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5. You have to set Withdrawal Bank

6. Now Activate your account by adding your debit card and amount

The schedule only allows four(4) free withdrawals on chosen dates within a year, withdrawing outside any of these dates attracts a penalty.

Piggybank.ng is a product of PiggyTech Global Limited. Piggytech owns an MFB [Gold Microfinance Bank Limited] which is licensed by the Central bank of Nigeria (CBN).

Is Piggy bank Nigeria safe?

This is one of the most important question when developing interest to start saving online. Piggy bank is both for adults and kids, you must have any bank account.

Like already aforementioned, Piggy bank is much like money saving box but for online users. From the reviews of users online, I can certify that Piggy bank Nigeria is generally safe to use.

Piggy bank is not a house where money is kept and you can walk in at anytime to do some transaction. It is a savings box and like a digital savings box.

During Bounce News interview with Piggybank Co-founder, “It’s a financial technology service that helps people save. All the funds are warehoused and monitored by Piggybank’s partner, United Bank for Africa, UBA.”

Piggy Bank Nigeria Reviews

To certify that Piggy bank is completely safe, here are the top reviews from all users online:

U guys are wonderful….few people around me knows has piggybank on their phone cos of me…I brag alot..lol

Thanks for the support when I needed my PiggyBank Statement of Account in April. It did the magic.

Let’s do more in 2020.

I started using @PiggyBankNG exactly this time last year with a daily auto save of 1k now I have 366k to play with in January. Awesome �������� opting for 2k daily or more next year ����

Finally paid rent on a new place. @PiggyBankNG coming through with helping me reach my goals. Can’t wait for what I’ll do in 2020 with this app. Don’t stop doing what you do guys.#intentional2020 #ideserveaccolade

Guys so @PiggyBankNG has helped me save a lot in 2 years, although I didn’t save as much as I wanted but I’m still very grateful I’ve not spent a penny of my piggy bank money

You can make contact with all the Co-founder of Piggybank Founder:
1. Somto Ifezue HERE.

3. Daria Odun Eweniyi HERE.

Why you should use Piggy bank?

If you are interested to start saving online with Piggy bank, then you can start right away. But if you are not, then the below features, benefits might enlighten your spirit:

1. You can choose to save little amounts of money periodically (Daily, Weekly or Monthly) towards a specific savings target OR lock away funds for a specified period of time.

2. Piggybank.ng helps you stop excessive spending by letting you easily keep funds away that you will not like to touch.

3. They take away the stress by combining simplicity, discipline, convenience, and flexibility to enable you to manage your finances better and achieve financial freedom.

4. Save money to pay for house rent, school fees, and others.

5. Piggybank Does Not Have Access To Your Savings

6. They uses a payment processor called Paystack.

7. The login is completely secured!

8. You can save automatically or on your terms- set daily, weekly, or monthly savings.

9. Set multiple savings target- saving for rent, a car, vacation, and a new laptop? With piggybank.ng, you can do just that and more.

10. Save Securely

How to does Piggybank work and make money?

Piggybank only makes money when UBA invests the total savings on the platform in government securities such as bonds, treasury bills, etc.

The returns on these investments help piggybank to pay you 6% annual interest rates on your savings and also make money for themselves.

The 6% is spread 1.5% every quarter. Every quarter, Piggybank checks your account, and as long as your savings plan is active, they’ll add 1.5% to your balance.

The money you save with Piggybank is held in UBA. Piggybank is an extension of a savings account with UBA.

However, you can easily contact Piggybank or UBA for any failed security issue. UBA is licenced, regulated by CBN and insured by the Nigeria Deposit Insurance Corporation, NDIC.

Download Piggy bank mobile app

Piggybank.ng is a digital online savings and investment app that helps you save and invest money with ease.

With automated savings and the ability to save towards multiple goals, you are able to meet all your savings goals.

With Piggybank.ng, you earn competitive returns, better than your bank’s savings account.

*. You can download Piggy app for Android Smartphone via Google playstore HERE.

*. You can also download Piggy app for iPhone via iTunes HERE.

Piggybank Contacts Number

If you’ve got any issue with Piggy bank, then below is their contact details:

– Address: Physical Office Address: No. 16, Boyle Street, Lagos Island, Lagos, Nigeria.

– Number: 0700 933 933 933 (Mon-Fri from 9am-5pm)

Are you ready to start saving, then Piggy bank is here for you! It has got everything you ever need to save this year. Do you want your friends to save more money, then you can share this article with your friends online using the below share buttons.



From the book: The Richest Man in Babylon by George S. Clason, the first law of Gold(Money) has it that: “ Gold(Money) cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family”.

Thus saving at least one tenth of your income is a necessary if you must attain wealth.

Piggy Vest is an app/platform that helps you save money little by little over a period of time and collect the money when you need it plus interest. One may say I have a savings account. How many times have you ended up touching the money you intended saving in the account? Moreover your bank pays you a maximum of 4% interest which they will still collect ATM maintenance fee and other bank charges after which little or nothing is left for you as interest. PiggyVest gives you 10–12% p.a interest without any charge plus other bonuses. Before I go on, click here to start Saving with PiggyVest. We have a community of savers where you can learn more about savings here : http://Bit.ly/PiggyVestSavers.

PiggyVest tries to make you imbibe savings as a culture so that as your income alert just comes in, you can easily put away your savings before expenses start rising. PiggyVest achieves this through the following features:

Core Savings: On the App, You can select any amount of money you want to save; the money will be debited from your account and kept in a safe account until you are ready to use the money. You will set the days of withdrawal in a year. Withdrawal on any other day apart from the days you chose will attract a 5% charge. This is to help you maintain the saving culture. Click here to start Saving with PiggyVest

AutoSave: Piggy Bank can help you save periodically like daily, weekly or monthly. Imagine saving #200 daily, by month end you have #6,000 sitting somewhere waiting for you plus interest. If you continue like that, by end of year, you will have about #72000. What a nice way to end the year.

Thus you select how much you want to save and select the frequency whether daily or weekly. If you don’t have money on a particular day, no worries. It will just skip that day. Click here to start Saving with PiggyVest

SafeLock: Sometimes you want to save money for a particular purpose like buying a new phone but after sometime when hunger strikes, you discover you have eaten like half of the money. SafeLock enables you to lock away some part of your savings till a particular day so that you won’t have access to the money or be tempted to touch the money till that day and you will be paid up to 12% as interest. I used safelock to lock 20k in June 2020 for my birthday in September. Though I was broke in September, my birthday was a ball. Click here to start Saving with PiggyVest

Investify: PiggyVest just added an investment feature where you can invest in agriculture, production and industries right from the app. Currently there is an ongoing Rice farm investment where you invest a certain amount that will be used to farm rice and you will be paid back after 9 months with 20% interest.

A good market they say sells itself. PiggyVest tries to reward savers on the platform when they invite others to join them to save with PiggyVest. PiggyVest pays you and your friend #500 each when they register on the platform through you. Thus you get rewards for bringing your friend and your friend also gets reward for joining. To start referring people, you must have used the app to save and written your own piggy stories of how the app has helped you save before you get your own unique referral link. Click here to start saving with piggyVest.

We have a growing whatsapp community of savers. You can join other savers like you to learn several tips about financial intelligence and savings. Join us here: bit.ly/PiggyVestSavers

You can also check here for FREQUENTLY ASKED QUESTIONS. https://Piggyvest.com/FAQ

For any questions, enquiries and updates: Call/WhatSapp

CoinEgg Review – Is coinegg.com scam or safe cryptocurrency exchange?

Trading Accounts

Account type Leverage Trading Fee Deposit Fee
Standard N/A 0.10% Free (Crypto only)

CoinEgg is a cryptocurrency exchange, based in the United Kingdom. The company only focuses on digital assets, without providing any form of fiat currency trading. While this will make them unattractive for some companies

CoinEgg Advantages

A lot of altcoins – at the time of writing of this review, 42 different assets are included on CoinEgg. While the usual suspects, such as Ethereum, Bitcoin Cash and Litecoin are present, some of the rest appear to be more exotic. You must check the details to get the full picture, but it’s safe to say these are not the top coins, in terms of market capitalisation.

While 42 may be a lot for some people, if you are looking for a specific coin/token, you should first do your research on the venues, where it is traded. Bittrex, Binance and EtherDelta are very likely to have it.

Low trading fees – the 0.10% fee on all trades makes CoinEgg a very competitive exchange. While other parts of their service may not be so pleasant, you must keep in mind a lot of exchanges charge something around 0.25%, with Kraken offering 0.26%, but a more trader-friendly environment.

Has not been hacked – CoinEgg has been around since 2020 and we didn’t find any information on a successful attack around this exchange. This is not a guarantee for the future, but is always a good sign.

CoinEgg Disadvantages

Trading only against BTC – as we hinted in the beginning CoinEgg does not offer any type of fiat currency integration. Even the slightly controversial Tether tokens (USDT – a cryptocurrency backed by US dollars) are not listed.

Low liquidity on some instruments – this is to be expected given the nature of CoinEgg – fiat currency deposits are not supported and some of the tokens seem bizarre (at least to us).

Withdrawal fees up to 1% – this exchange charges withdrawal fees, which can go as high as 1% for the more exotic coins. The rates for the more popular coins are rather acceptable, with 0.001 BTC, 0.001 LTC and 0.01 ETH, respectively.

No leverage offered – CoinEgg does not allow traders to borrow money in order to speculate more aggressively. If this is what you are looking for, a forex broker may be a suitable alternative for you.

CoinEgg is a UK-based digital assets exchange. The company does not accept or send any form of fiat currencies, which puts them in the category of trading venues which are not regulated (as no legislation for them exists). This will definitely not be everybody’s cup of tea, but when it comes to exotic assets, CoinEgg offers a few of them. With such low fees, it’s not hard to see this exchange attract even more volume in the future.

Coming back to the regulatory aspect, we will reiterate what you probably know – dealing with cryptocurrencies still carries a significant level of risk. Even some of the top-tier exchanges have been hacked in the past. This is one of the topics on which the forex, brokers offering cryptocurrency trading have an edge. That being said, scammers do pop-up in the field of traditional finance. Check our list of tightly regulated forex brokers, offering Bitcoin below.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Piggybankltd.com Review: Is PiggyBank Scam or Should I Invest

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Shane Biddlecombe and Gordon Johnston were appointed as joint administrators of DJS (UK) Limited trading as PiggyBank (the Company) on 5th December 2020 (the Joint Administrators).

The Company provided lending services to the UK consumer market.

Following the appointment of the Joint Administrators:

1. All new lending activity has ceased; and

2. Customers should continue to make repayments for all outstanding loans in the usual way. Please note, if you receive any requests to make payment to any other bank accounts, please inform the customer service team immediately on [email protected] or call 0800 2061560.

The Company’s customer service team remains available to assist existing customers with any queries.

The Joint Administrators will conduct an orderly wind down of the business and seek to recover the assets of the Company for the benefit of its creditors.

It is anticipated that the orderly wind down of the Company’s business may, if applicable, include a sale of the assets of the Company. The Joint Administrators will also commence work to identify all creditors of the Company in accordance with their statutory duties and obligations under the Insolvency Act 1986.

Those customers with complaints (whether on grounds of affordability or other) should continue to approach the Company in administration. Any such claim will be treated as an unsecured creditor claim. These should be sent to [email protected]

The Company remains regulated by the Financial Conduct Authority who will continue to supervise the Joint Administrators’ activities throughout the administration process.

For all enquiries please contact the customer services team on [email protected] or call 0800 2061560. Please refer to the PiggyBank website for further updates.

Please remember, be aware to scams. Never give personal information or account details to anyone who contacts you unexpectedly. We will never ask for your bank details.

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