Saving money used to feel like a challenge for me until I discovered PiggyVest, a digital savings and investment platform that helps Nigerians build financial discipline. Whether you’re saving for rent, emergency funds, travel, or investing for the future, one thing is certain—you need to know how to fund your PiggyVest account.
This guide will show you all the different ways you can send money to your PiggyVest account. I’ll also explain how each method works, what wallet the money goes into, and share some personal tips I’ve picked up as a long-time user.
How to Send Money to Your PiggyVest Account
Method 1: Send Money Using Your Debit Card
This is the easiest and most common way to fund your PiggyVest account. You can add your debit card and make transfers directly through the app.
Steps to Use Your Debit Card
- Open the PiggyVest App or Log In on the Website
Use your email and password to log into your dashboard. - Navigate to “My Savings” or “Wallet”
Tap on the specific savings wallet you want to fund—Piggybank, Safelock, Flex Naira, Target Savings, or Flex Dollar. - Tap “Top Up” or “Add Money”
This brings up a prompt to choose your payment method. - Choose “Card”
If you’ve saved a card before, select it. Otherwise, input your debit card details. - Enter the Amount You Want to Add
Input an amount that fits your budget or savings goal. - Authorize the Payment
You might be redirected to your bank’s verification page to enter an OTP or PIN. - Done
The money should reflect instantly in the selected savings wallet.
Advantages of Using Your Card
- It’s fast and convenient.
- You can set up AutoSave to automate savings.
- It allows recurring transfers without re-entering card details.
Method 2: Transfer to Your PiggyVest Virtual Account
Each PiggyVest user has a unique virtual bank account number, typically powered by Providus or Wema Bank. You can fund your account by sending money to this virtual account from your mobile banking app, bank, or USSD.
Steps to Fund With a Bank Transfer
- Log Into PiggyVest and Open the Flex Naira Wallet
- Click on “Add Money”
- Select “Bank Transfer”
- Copy Your Virtual Account Number
Note the bank (Providus or Wema) as well. - Go to Your Bank App or Use USSD
- Paste the Virtual Account Number and Send the Money
The amount you send will reflect in your Flex Naira wallet. From there, you can move the money to Piggybank or other wallets.
Why This Method Works Well
- You can receive transfers from anyone, not just from your own account.
- It’s useful if your card fails or you prefer mobile banking.
- Good for larger amounts, as it doesn’t rely on card limits.
Method 3: Fund Using USSD Code
If you don’t have a smartphone or access to the internet, USSD transfer is an alternative method.
How to Fund Using USSD
- Dial your bank’s USSD code (e.g., *737# for GTBank, *901# for Access Bank).
- Select the option for Transfer or Send Money.
- Input the PiggyVest virtual account number you copied.
- Select the right bank (Providus or Wema).
- Enter the amount and confirm with your USSD PIN.
This method is especially useful in rural areas or when you don’t have access to data.
Method 4: Manual Deposit at the Bank
This method is less common but still available. If you prefer to walk into a bank to deposit cash, you can use this method.
How to Make a Manual Bank Deposit
- Visit any commercial bank in Nigeria.
- Request a deposit slip and fill in your PiggyVest virtual account number.
- Choose the correct bank (Providus or Wema).
- Deposit the cash with the teller.
- Keep your receipt until the funds reflect in your PiggyVest wallet.
Note that this method may take longer to reflect—anywhere from 30 minutes to several hours.
Setting Up AutoSave for Recurring Funding
AutoSave is a smart feature that automatically deducts a set amount from your debit card and saves it in your Piggybank.
How to Enable AutoSave
- Log in to your PiggyVest account.
- Tap on “Piggybank”.
- Click the gear icon or “Settings”.
- Enable AutoSave.
- Set the amount, frequency (daily, weekly, or monthly), and time.
- Choose your debit card for the automated savings.
- Confirm and save the settings.
You can always pause, edit, or stop AutoSave anytime you want.
Wallet Types You Can Fund on PiggyVest
PiggyVest has different wallets designed for various savings and investment purposes. Here’s a breakdown of what each one is for:
- Piggybank: The core savings wallet. Designed for long-term saving with limited withdrawal dates.
- Flex Naira: Your go-to wallet for flexible withdrawals. Fund this wallet for emergencies or when you want fast access.
- Safelock: Locks your money away for a fixed period (like a fixed deposit). You can’t withdraw until the set date.
- Target Savings: Helps you save toward a specific goal like rent, school fees, or a new gadget.
- Flex Dollar: Allows you to save in US Dollars and hedge against naira depreciation.
Each wallet can be funded using your card or through a transfer to Flex Naira and then moved internally.
How to Move Money Between Wallets
Sometimes you might fund your Flex Naira wallet but want to save the money in Piggybank or SafeLock. Here’s how to transfer internally:
- Go to the Flex Naira wallet.
- Click “Move Money”.
- Choose the destination wallet (Piggybank, Target, Safelock).
- Enter the amount.
- Confirm the transaction.
The transfer happens instantly, and no fees are charged.
What To Do If Your Transfer Doesn’t Reflect
PiggyVest transactions are usually instant, but if your money doesn’t show up right away, here’s what to do:
- Wait a few minutes: Sometimes network issues can cause a delay.
- Check your bank account: Make sure the money left your account.
- Open the PiggyVest app and refresh: Go to your transaction history and check the latest activity.
- Contact Support: Use the in-app chat or email support@piggyvest.com with proof of payment. You can also visit their official FAQ page for help.
Common Funding Problems and How to Fix Them
Card Declined
- Make sure your card is enabled for online or international transactions.
- Try a different card or switch to bank transfer.
Transfer Sent to Wrong Account
- Always double-check the virtual account number and bank before confirming.
- If you sent to the wrong number, contact your bank immediately for a reversal.
AutoSave Failed
- Ensure there are enough funds in your bank account at the scheduled time.
- PiggyVest usually retries 2–3 times before skipping the save for that day.
Is PiggyVest Safe to Use?
Yes, PiggyVest is one of the most trusted digital savings platforms in Nigeria. If you’re wondering whether it’s regulated, here’s what you should know:
- PiggyVest is approved by the CBN.
- They partner with licensed asset management companies for investment operations.
- However, PiggyVest is not insured by NDIC, but you can read more about that here.
- Also, go through their terms of use before making long-term commitments.
For in-depth user feedback, check out this detailed PiggyVest review.
FAQs About Sending Money to PiggyVest
Can someone else fund my PiggyVest?
Yes. Just share your virtual account number with them. The money will land in your Flex Naira wallet.
Is it safe to link my debit card to PiggyVest?
Yes. PiggyVest uses encrypted, PCI-DSS compliant systems to process card transactions securely.
Do I get charged for sending money to PiggyVest?
Card payments may include a small processing fee. Bank transfers may attract your bank’s usual transfer charges.
Can I send dollars directly to PiggyVest?
No. However, you can convert naira in your Flex Naira wallet into Flex Dollar within the app.
Can I use multiple funding methods at the same time?
Yes. You can combine card payments, transfers, and even USSD depending on your preferences.
Final Thoughts
Sending money to your PiggyVest account is simple once you understand the process. Whether you prefer using a debit card, mobile banking, USSD, or even walking into a bank, there’s a method for everyone.
Personally, I’ve found that combining AutoSave with manual transfers to my Flex wallet helps me stay consistent and avoid impulsive spending. It takes just a few minutes to fund your wallet—but the long-term rewards of saving consistently are worth it.
If you haven’t started saving on PiggyVest yet, now is the best time. Fund your wallet, and let your money start working for you.
