PiggyVest Referral Program: How to Make Money on PiggyVest

Overview of PiggyVest

PiggyVest, previously called PiggyBank.ng, is an online savings and investment platform founded in 2016 and based in Lagos, Nigeria.

It aims to promote budgeting and financial planning among Nigerians and help them achieve their savings goals. The company was started by ex-bankers Somto Ifezue, Odunayo Eweniyi, and Joshua Chibueze.

PiggyVest offers tools to automate savings through features like Piggybank, Target Savings, Flex Naira and Flex Dollar. Users can also invest in Recurring Deposits and obtain competitive interest rates.

As of 2022, PiggyVest had over 2.5 million registered users and processed over $1 billion annually in transactions. The company is backed by leading venture capital firms.

How the PiggyVest Referral Program Works

Existing PiggyVest users can earn money by referring their friends and contacts to join the platform. Here are the detailed steps of how referrals can be made and commissions earned:

Step 1 – Create Your PiggyVest Account

Firstly, you need to have your own PiggyVest account to participate in the referral program. If you don’t have one, sign up via mobile app or website using your email ID or phone number.

Step 2 – Access Your Referral Link

Log in to your PiggyVest account and go to the ‘Earn’ section. Here you will find your unique referral link that you can share.

Step 3 – Share Your Referral Link

Your personalized referral link can be shared through social media platforms, messaging apps, email, blogs, vlogs or text message. Share it with relevant friends and contacts who may be interested in PiggyVest.

Step 4 – Referrals Signup via Your Link

When prospective users click on your shared referral link, they will be directed to PiggyVest’s website/app to signup. They need to complete the signup process.

Step 5 – Referrals Save/Invest on PiggyVest

As and when users you referred deposit money into their PiggyVest account as savings or investments, you start earning commissions.

Step 6 – Earn 10% Lifetime Referral Bonus

You will earn 10% of the money deposited or invested by your referred users. This lifetime bonus applies to all their deposits for as long as they remain active on PiggyVest.

Step 7 – Withdraw Earnings

Once your referral bonus earnings reach the 300 Naira minimum threshold, you can transfer the amount to your bank or reinvest it in your PiggyVest account.

Understanding the PiggyVest Referral Earning Structure

Let us look at how the referral earnings are calculated and paid on PiggyVest:

You get 10% of the amount deposited by users you refer
No limit on how many users you can refer
You earn everytime your referrals add new money to PiggyVest
Lifetime earnings – you earn as long as referrals stay active
Minimum 300 Naira must be earned before you can withdraw
Referral bonus paid instantly into your PiggyVest wallet

In short, you enjoy lifetime 10% commissions on money saved or invested by people who joined PiggyVest through your referral link. The more active referrals you have, the higher your potential earnings.

Benefits of the PiggyVest Referral Program

PiggyVest offers a lucrative referral program with multiple benefits:

Handsome 10% lifetime commission rate on all referral funds
No limit on how many referrals you can have
Passive income as you earn from referrals’ activity without additional work
Withdraw earnings anytime once 300 Naira minimum reached
Keep earning as long as referrals stay active users
Referral link is easy to share across channels
Encourages good savings and investment habits

Tips to Maximize Your PiggyVest Referral Income

Here are some smart tips to help you earn bigger referral bonuses on PiggyVest:

Promote your referral link actively on social media, WhatsApp groups, online forums etc.
Leverage influencer marketing by engaging social media influencers and nanoinfluencers
Create promotional posts, graphics, videos to generate interest in your link
Highlight success stories and testimonials from your referrals
Run contests and give cash/gift rewards to top referrers
Target financially literate contacts who appreciate PiggyVest’s offerings
Use a link shortener to track clicks and see which channels work best
Keep sharing new updates, posts about your link periodically
Build an audience for your PiggyVest affiliate promotions

How You Get Paid for PiggyVest Referrals

Your PiggyVest referral earnings get credited instantly to your PiggyVest wallet as and when your referrals deposit funds.

You can easily track your lifetime referral earnings within your PiggyVest dashboard. Once the amount hits the 300 Naira minimum, you can withdraw it.

To withdraw your PiggyVest referral income, go to your Wallet, click Withdraw, enter amount and fill bank details. The money will reach your bank account within 24 hours.

Alternatively, you can retain the earnings in your PiggyVest wallet itself if you wish to reinvest it or accumulate it there.

Requirements for Earning PiggyVest Referral Bonus

Here are the basic requirements for you to earn referral commissions on PiggyVest:

Must have an existing PiggyVest account
Refer new users through your unique referral link
Referred user must open account on PiggyVest via your link
You earn when referrals deposit minimum 300 Naira into PiggyVest account
No minimum requirement for you to earn commissions

As long as the above criteria are fulfilled, you can continue accumulating referral earnings for lifetime.

FAQs on PiggyVest Referral Program: How to Earn Money from referrals

Here are answered questions about PiggyVest Referral Program: How to Earn Money from Referrals.

Is there any limit on referral commissions earned?

No, there is no upper limit on how much you can earn through the PiggyVest referral program.

Can I refer users if I don’t have funds in my PiggyVest account?

Yes, you can refer and earn even without having savings of your own in your PiggyVest account.

Do my referrals also get a bonus?

Currently, only the existing user referring new users gets a cash bonus. The referred user does not get any joining bonus.

How many referrals can I have?

There is no limit on the number of users you can refer and earn commissions from.

Can I promote my referral link on social media?

Yes, you can freely share your referral link on your social media profiles, groups and other public platforms.

Is there any timeline for earning the bonus?

You start earning referral bonus as soon as your referred users sign up and add money to their PiggyVest account.

How long do I earn for?

You earn lifetime referral commissions for as long as the user you referred remains active on PiggyVest.

Can I earn if referrals withdraw their funds?

Yes, you will continue earning if referrals reinvest funds after withdrawing earlier deposits.

Do I earn from referrals’ interest?

No, the referral bonus is only based on the principal amount deposited, not the interest earned on it.

Can I share my link in private groups/messages?

Yes, you can share your unique referral link through private channels like messaging apps, emails etc.

Conclusion

PiggyVest’s generous referral program offers an excellent opportunity to earn attractive commissions just by promoting your link. You can earn 10% lifetime bonus on all deposits made by users who joined PiggyVest through your referral.

This passive income stream requires no investment on your part. Follow the smart strategies outlined to widely share your link and maximize the commissions you earn from referrals on PiggyVest.

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