Saving all by yourself in an easy-to-access account can make the whole essence of saving money futile. Coming to the realization of this fact will necessitate the need to have an account that’s inaccessible until a certain period. These accounts are usually labeled as fixed accounts.
OPay as a top player in the industry understands this fact and has thus gone forward to create a system that will enable futile saving and “Fixed“.
Keeping your funds for a fixed amount of time is just one part of the system, as OPay also offers interest as you go. However, due to the fact that receiving interest is not accepted by all religions, OPay has gracefully introduced a toggle that will allow its users to decide if they want or they don’t to receive the interest.
Steps To Lock Money On Opay
- Download the OPay app and register
- At the bottom of the options provided on the dashboard, click “More”
- On the “More” page, scroll till you find “fixed” and then click on it
- Fill in the required details
- Toggle Interest to either accept or reject OPay’s fixed deposit scheme
Also Read: Best Apps To Send Money To Nigerian Accounts From Overseas
Wrapping up: There you have a comprehensive tutorial on how to lock your money on OPay. As discussed earlier, patronizing this system will help make sure you meet your goal of saving, while building a compulsory saving culture.
Also Read: How To Block Opay Account When Phone Is Stolen
Please note that OPay allows the withdrawal of fixed funds, however, you will be charged a certain fee for breaking the plan. This is a last resort in scenarios where a need that supersedes the former appears.
