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Online Daily Contribution: The Safest Platform to Use for Online Savings In Nigeria

Gudtalent Chrisent

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saving money on sumobank as a student

Best And Safest Platform For You Online Daily ContriBution 

The need for people to save and stick to a healthy savings culture is very important right now as the situation of the country isn’t helping.

Nigeria is a country with over 200 million people but sad to know that more than 60% of the population is in dare poverty and living on less than $2 per day.

Making money in Nigeria is not easy and very easy to spend and over the past decades, there have been traditional Ajo/Akawo companies who have agents that go round everyday to collect daily contributions from customers.

This is mostly seen around the marketplaces and cities where people don’t want to go to the bank to make their daily savings.

The problem with these traditional Akawo/Ajo people is that giving them your daily contribution can lead to stories as there have been cases of death of the agent, sudden disappearance and loot of customers’ funds by Ajo agents.

People are scared and need a safe and secure online savings platform that will help them save and invest money without stories.

This is where you will get to see digital savings platforms like SumoTrust, PiggyVest, CowryWise and all which have over time have proved to be very trusted brands for online daily contributions.

For us at Entrepreneur Platform, we recommend SumoTrust as everyone here have used it for over a year and can affirm strongly that it is safe and secure to use.

With SumoTrust, your online daily contribution is automatically done without stress and fear of loss of funds.

It is safe and easy to use and have been rated as one of the best online savings platforms in Nigeria… 

All you need to do is; 

  • visit the website at www.sumotrust.com and create a free savings account.
  • Verify your account and link your debit card by clicking on the ‘InstantSave’ button at the main savings wallet or click on Debit card from the account profile section.
  • Click on the AutoSave button from the main savings wallet to activate the autosave in your account. Once you’re done, the system automatically debits your card based on your settings and credit in your Sumotrust account either on a daily, weekly or monthly basis as you have set it.

There is also a unique virtual account number provided to you in the Sumotrust account that allows you to make bank transfers from any Nigerian bank into your Sumotrust account.

SumoBank becomes SumoTrust

Funds deposited using the account number option are credited into your Kick wallet and does not yield interest, to earn interest from it, you will need to move the funds into your Main savings or mission savings wallet and select KICK ACCOUNT as your funding source.

There are other amazing online daily contribution platforms, but in this case, SumoTrust is recommended based on experience. 

They have both Android and iOS apps available on Google Playstore and Apple store as their daily contribution app.

Let me know if you have any questions in the comment section

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I'm that Lazy and controversial entrepreneur, Popularly known for my Quora Secrets. Founder and CEO of SumoTrust, Motute and CrowdFacture. Read about my Bio at personal website. Connect with me on Facebook, Twitter, Google, Linkedin and Instagram.

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How To Avoid Embarrassment Because You’re Broke By Saving Money

Gudtalent Chrisent

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how sumotrust can save you of money embarrassment

How SumoTrust Can Save You From The Embarrassment of Being Broke

During the lockdown, a lot of Nigerians ran into financial distress and the majority of the people went into debts.

In fact, some people searched around for who to borrow money from but couldn’t get and ended up with a ‘SEE FINISH SITUATIONS’.

Here is the thing, while people complained bitterly about no money and all, a lot of other people that had good savings in the bank or savings platforms like SumoTrust; fell on their savings for backup and emergency funds and were never put to shame of any sort that has to do with money.

Debt is bad and you try to avoid it at all cost unless it’s business.

This is why you should give a second thought about your savings culture especially if you can’t boast of N100k in your savings account right now.

Let me let introduce you to SumoTrust.

Sumotrust savings and investment platform in nigeria

SumoTrust is a secure savings and investment platform helping Africans build wealth through micro-savings and investment.

You earn as much as 10-15% interest for every penny you save with SumoTrust and you can automatically save as little as N100 daily. See it as your digital Akawo or Ajo that people go round every day collecting their daily contributions from customers in the market areas.

It is very secure and you can make transfers as we all money requests.

The platform is very flexible, easy to use, and highly secure with thousands of people already using that platform to reach their financial goals. This is something you should pause a moment and give a thought or make a research about it.

Related: Top Online Savings Platform In Nigeria

You can check out the reviews of SumoTrust on Google Playstore or Apple store here and see what other people that have been using the platform are saying.

There is no honor in being broke the least person you expect to embarrass you will do at the slights opportunity, not because they hate you but something that just happens when you’re broke.

There are tons of time we come across money and other times, run into emergency situations that make us spend money.

The difference in how you respond to both situations is how you manage to save up enough money in times of plenty against times of emergency.

This is one of the reasons why SumoTrust is here for you and you should take it seriously.

All the best.

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7 Amazing Tips On How To Save Money Better In Nigeria

Ossi Samuel

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Top 5 Savings Apps in Nigeria That Pays High Interest | How can I save in Nigeria?

Gudtalent Chrisent

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sumobank website igwe chrsient

5 Savings Apps in Nigeria That Pays High Interest 

We still get a clarity request on the best savings apps in Nigeria even though we have published top online savings and investment platforms in our previous article.

On this, I will hammer more again on same thing about Online savings apps in Nigeria which the old people will call Piggy Box saving or kolo saving box.

So, if you’re looking for the best savings App in Nigeria, then, here are my top 5 picks based on 3 criteria

  1. Trust
  2. Interest payout
  3. Services offered/Tech

Personally, I currently use 4 out of these online savings platforms and I can tell which of them is the best. So, I will list them in the order that I loved based on what I like about them.

  1. SumoTrust

Sumotrust savings and investment platform in nigeria

SumoTrsut (Formerly known as SumoBank) is a trusted online savings App helping Africans save and spend less while learning and getting better at business and financial decisions.

The Sumotrust platform is focused on global Job entrepreneurs who will become job creators, that is why it’s in partnership with Entrepreneur Platform, formerly Entrepreneur Nigeria to provide FREE/Discounted business access to its online Academy to all Sumotrust users.

The platform pays you high savings interest returns of 10-15% per annum.

Download the Sumotrust App from both Android and iOS.

You can learn more about Sumobank on Sumotrust FAQ page.

  • Trust Verdict: 99.9%
  • Interest Payout: 10-15%
  • Services Offered/Tech: Savings, Investing, Learning platform and Receiving payments.
  • Withdrawal Fee: 5 Free withdrawals on Withdrawal dates and 4.5% Penalty fee on Non-Free Withdrawals dates
  1. PiggyVest

piggyvest piggybank website

PiggyVest, formerly Piggybank is a trusted online savings platform for savings and investing. PiggyVest is one of the oldest online savings platforms in Nigeria and currently used by many Nigerians to save.

Piggybank is pretty easy to use and great if you want to build a good savings culture.

  • Trust Verdict: 99.9%
  • Interest Payout: 8-15%
  • Services Offered/Tech: Savings, Investing and Budgeting.
  • Withdrawal Fee: Free withdrawals on Withdrawal dates and 5% Penalty fee on Non-Free Withdrawals dates
  1. Cowrywise

Cowrywise savings platform

CowryWise is also a Trusted Online Savings App in Nigeria that helps its users save and invest for a goal.

The CowryWise App is pretty beautiful and easy to use.

  • Trust Verdict: 99.9%
  • Interest Payout: 10-15%
  • Services Offered/Tech: Savings, Investing, loan and finance calculating tools for schools and savings goals.
  • Withdrawal Fee: Free withdrawals, no hidden fees

 

  1. Alat by Wema

Alat by wema bank savings platform

Alat by Wemabank is Nigeria’s first fully digital savings bank. The platform is trusted and secure to use and give you ATM card access to make cash withdrawals from your Alat account.

Apparently, ALAT allows you to do everything you can do with commercial banks.

Also great savings App for those who will be needing Cash at anytime.

  • Trust Verdict: 99.%
  • Interest Payout:2%
  • Services Offered/Tech: Savings, Investing, loan, banking features.
  • Withdrawal Fee: ATM card and Free withdrawals at all times.
  1. KoloPay

kolopay savings platform

KoloPay is a trusted online savings platform that allows its users to save money towards planned goals over a period of time. On Kolopay, you can’t withdraw some part of your savings but can only withdraw the whole amount before or after a goal’s due date.

Kolopay savings platform also allows you to share your savings goal with your friends and family so that they can help you to contribute to the achievement of the set target.

  • Trust Verdict: 99.9%
  • Interest Payout: 6% per annum
  • Services Offered/Tech:
  • Withdrawal charges:5% charge if withdrawal is done before the set date withdrawal date.

 

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