How To Lock Money On OPay
Over the years, OPay has become one of the most used online banking apps in Nigeria. The bank has managed to become a household name in the banking industry thanks to the ease of operations and a plethora of products available on its mobile application.
OPay fixed saving plan is a feature offered to its customers that allows you put away your money for a set period (7-1000 days) and earn high interest. The savings interest is only paid out on the due date along with the principal. However, any withdrawal made before the payback date will attract penalties. In addition, you will be charged a breaking fee and you will not be paid your interest.
On the OPay app, you can earn up to 18% p.a on balance. However, there are other features on the app that you can also save your money such as Owealth, Target, and safe box. If you want to know how to lock money on OPay, then you are in the right post. Let’s get started…
How To Lock Money On OPay
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Below are steps on how to lock money on OPay.
● Click on your Opay application and log in to your account.
● Click on Finance then click on Fixed
● Click on Create Plans and select the investment duration.
● Pick the investment name, then the saving amount
● Select the payback date
● Accept the Terms and Conditions to create your fixed plan.
Steps on How To Lock Money On OPay Safebox
Below are steps on how to lock money on OPay Safebox.
● Click on your Opay application and log in to your account.
● Click on Finance then select Safebox
● Click on Proceed then select Deposit
● Enter the amount you want to save(your next withdrawal date would be displayed if you chose to lock your money using Safebox)
● Accept the Terms and Conditions to lock your money in Safebox).
Steps on How To Lock Money On OPay Target
Below are steps on how to lock money on OPay Target.
● Click on your Opay application and log in to your account.
● Click on Finance then select Target
● Click on Create Target then pick your targeted amount.
● Pick the name of Target and select the reason for saving
● Choose your preferences saving frequency
● Pick your start and payback date
● Accept the Terms and Conditions to lock your money on OPay Target.
FAQs
Is it safe to save money on OPay?
yes, it is safe to save your money with OPay. The platform is licensed by the Central Bank of Nigeria.
How to hide my balance on OPay?
Steps on how to hide your balance on OPay
● Click on your Opay application and log in to your account.
● Click on the icon on the available balance to hide or review your account balance.
Can an OPay account be blocked?
Yes, OPay has the right to freeze or lock your account immediately without liability.
Conclusion: How To Lock Money On OPay
OPay offers its customers a wide variety of options to lock their money for specific purposes and also to earn good interest. Each option has its own benefits and drawbacks but in general, you would be penalized if you made withdrawals before the payback date.
The post How To Lock Money On OPay appeared first on BankingandFinanceNigeria.
His name is Tiamiyu Abdulbazeet Olawale, the CEO of NairaGrowth.com. He is a student at the University of Ilorin studying Electrical and Electronics Engineering.