How to delete FairMoney account: what it is and how to navigate account closure

Learning however to delete FairMoney relationship ensures you can exit the level securely. FairMoney requires that you attach a valid BVN, NIN, and a written relationship closure request. You should besides wide your savings, concern balances, and repay immoderate loans earlier initiating the relationship closure.

FairMoney allows Nigerians to get loans conveniently. Photo: @fairmoney_ng connected Facebook (modified by author)
Source: UGC

TABLE OF CONTENTS

Key takeaways

• You tin nonstop an email to [email protected] to petition the deletion of your account.
• Before submitting a closure request, you should retreat each funds and wide immoderate outstanding loans.
• Account closure is permanent and cannot beryllium reversed, and each idiosyncratic information volition beryllium deleted.
• FairMoney loans require lone a BVN and Android device, with nary collateral oregon documents needed.

How to delete a FairMoney account

To close your account, nonstop an email to [email protected] utilizing the format specified below:

Email Subject

• Request to adjacent relationship associated with telephone number: {Your number}

Email Body

Your email should incorporate the following:

• A transcript of your Bank Verification Number document.
• A transcript of your NIN document.
• A signed missive containing your relationship details requesting the closure of your FairMoney account.

Ensure you person withdrawn each funds from your relationship and that your equilibrium reads ₦0.00. This includes each savings and concern balances.

Additionally, guarantee you person repaid each outstanding loans and cleared immoderate dues. You cannot adjacent your relationship if you person an progressive loan, relationship balance, oregon outstanding obligations.

Closing your relationship results successful losing each your data. This enactment is imperishable and cannot beryllium reversed. Once closed, you volition not beryllium capable to unfastened different FairMoney relationship successful the future.

What is FairMoney each about?

FairMoney is simply a integer fiscal work that offers accelerated and convenient loans done its mobile app. It chiefly serves individuals and tiny businesses successful Nigeria. The indebtedness exertion process is wholly digital, user-friendly, and quick. It caters to those without entree to accepted banking services.

How tin you get a FairMoney loan?

You request an Android telephone and your BVN to get FairMoney loan. If you bash not person an account, travel the steps beneath to larn however to get it done:

1. Download the FairMoney app from the Google Play Store.
2. Sign up utilizing the telephone fig linked to your BVN.
3. Answer a fewer questions and verify your individuality to person a indebtedness offer. Accept the connection to person your funds instantly successful your chosen slope account.

Note that nary documents oregon collateral are required. You lone request to supply your BVN and link your paper oregon slope relationship to authorise repayment.

How to cheque FairMoney relationship balance

You tin cheque your FairMoney relationship equilibrium utilizing the mobile application. Your personalised dashboard volition show your recognition presumption and existent equilibrium information.

How to retreat from FairMoney account

FairMoney offices are located successful Ikeja, Lagos. Photo: @fairmoney.ng connected Facebook (modified by author)
Source: UGC

You tin execute a withdrawal from your FairMoney slope relationship by utilizing the mobile application. Here is however to get it done:

1. Clicking connected the Send Money fastener successful the app.
2. Next, input the magnitude you privation to transfer.
3. Provide the slope relationship details you privation to nonstop wealth to; you volition present beryllium prompted to authorise the transportation with your PIN.

How to cheque FairMoney relationship details

To cheque FairMoney relationship details, log successful to the FairMoney app. Your dashboard volition amusement your recognition presumption and existent balance. You tin besides petition a connection oregon enactment study to reappraisal caller transactions.

FairMoney transaction limits

FairMoney applies the pursuing default limits to lawsuit accounts:

• ₦200,000 maximum deposit per day
• ₦200,000 maximum slope transfers per day
• ₦500,000 maximum relationship balance

How bash I cognize oregon corroborate that my slope transportation is successful?

To corroborate a transfer, cheque your FairMoney app for the transaction status—pending, successful, oregon failed. You volition besides person updates via SMS, email, and propulsion notifications erstwhile the transportation succeeds.

What volition hap if you don't wage FairMoney loan?

FairMoney does not reschedule repayment dates. Only instrumentality a indebtedness if you tin repay it. Failure to repay whitethorn effect in:

• Late outgo fees
• Suspension of your FairMoney account
• Reporting to nationalist recognition bureaus (CRC, First Central), arsenic required by law

To widen your indebtedness duration, spell to “Manage loan” successful the app. If nary hold connection appears, FairMoney is apt moving to marque 1 available.

How bash you pre-liquidate your loan?

To repay your indebtedness earlier the owed date, interaction [email protected] and petition the liquidation amount. Once FairMoney sends the figure, marque outgo wrong 1 to 3 concern days. Failure to wage connected clip volition necessitate a recalculation, and you volition request to interaction FairMoney again for a caller amount.

Why was my FairMoney transaction blocked?

Your transaction whitethorn beryllium blocked if it exceeds your relationship limits. To assistance the regularisation and upgrade your account, send:

• A valid government-issued ID: Voter’s card, driver’s licence, oregon National Identification Number slip
• A impervious of code successful your sanction showing your location address, specified as:
• One-month slope statement
• Rent agreement
• Employer letter
• Insurance agreement
• Tax bill
• Admission missive from a registered school
• Utility bill

How tin I retrieve my FairMoney account?

FairMoney relationship deletion is irreversible. Photo: @fairmoney.ng connected Facebook (modified by author)
Source: UGC

Account closure results successful implicit information nonaccomplishment and is irreversible. Once deleted, you cannot unfastened different FairMoney account.

Can FairMoney blacklist your BVN?

Loan apps, including FairMoney, cannot artifact oregon blacklist your BVN. Only the Central Bank of Nigeria has that authority. Banks tin frost your relationship and restrict access, particularly debit transactions. In fraud-related cases, these fiscal institutions tin get support to blacklist a BVN.

Is FairMoney a bank?

FairMoney is not a accepted slope but a licensed microfinance bank successful Nigeria. It offers digital banking services like loans, transfers, and savings via its app.

Here are FairMoney contacts;

• Physical address: 28 Pade Odanye Close, disconnected Adeniyi Jones, Ikeja, Lagos, Nigeria
• FairMoney contacts: 07000 362 362/0201 700 1276
• FM Business contacts: 07000 033 333/0201 8889008
• Email: [email protected]
• Facebook: @fairmoney.ng
• X (Twitter): @fairmoney_ng

Understanding however to delete FairMoney relationship helps support your idiosyncratic information and negociate your integer concern records securely. Ensure you wide each debts and bare your equilibrium earlier initiating the request. If you are acceptable to portion ways with the platform, pursuing the outlined steps is the champion mode to delete your account.

DISCLAIMER: This nonfiction is not sponsored by immoderate 3rd party. It is intended for wide informational purposes lone and does not code idiosyncratic circumstances. It is not a substitute for nonrecreational proposal oregon assistance and should not beryllium relied connected to marque decisions of immoderate kind. Any enactment you instrumentality upon the accusation presented successful this nonfiction is strictly astatine your ain hazard and responsibility!

Legit.ng precocious shared a adjuvant usher connected how to activate DND on MTN, Glo, Airtel, and 9Mobile. The Do Not Disturb (DND) work allows users to artifact unwanted promotional messages and calls from third-party providers.

DND helps you negociate these communications by either blocking each unsolicited messages oregon allowing lone indispensable categories similar banking, health, and education. Read connected to observe however to activate DND connected MTN, Glo, Airtel, and 9Mobile rapidly and easily.

Proofreading by Kola Muhammed, transcript exertion astatine Legit.ng.

Source: Legit.ng