How Pettysave Works 📱💻🔍⚒️

A simplified guide for users

Pettysave enables you to attain true financial freedom through savings and investments which can be scheduled conveniently either daily, weekly or monthly. You can save towards specific targets such as rent, school fees, travel, car, wedding etc. and you can also invest for amazing ROIs (Returns on Investment).

Why should I save on Pettysave?

Pettysave offers higher returns on savings and investment than the traditional banks. There are no hidden or bank charges with Pettysave transactions. On Pettysave, many things are automated and this makes savings effortless. With the target save feature, you can easily meet your targets and goals by saving specifically for them.

How do I know what plan is right for me?

Like the saying goes,

‘different strokes for different folks.’

Determining what plan is best for you is heavily dependent on what you need to do to move from your current position in life to where you want to be; your goals and aspirations. Consider the following Pettysave features:

Autosave: This feature automatically saves a fixed amount from your bank account either daily, weekly or monthly while you earn interest of up to 10%. It is basically a standing order on your account that automates your savings so that no matter how much you spend, you will never be completely broke.

Target save: Hit your goals directly by using the target save feature. You can save towards weddings, rent, school fees, cars etc. and hit the bull’s eye while making an interest of about 5–10%.

Vault (formerly Locked In Save): Secure your funds as fixed deposits to earn more interest. Funds can be fixed for 1 to 12 months. It is like keeping money you don’t want to be tempted to spend with a trusted friend (Pettysave). The longer you keep it, the higher your interest rate (up to 12%). Once your withdrawal date is set, savings cannot be withdrawn till then.

Investment: Investment amount and interest vary by investment opportunity. They range from real estate to agriculture, transportation and/or money and stock market instruments with returns as high as 40%.

Charges on Deposits and Withdrawal


There are four free withdrawal days on Autosave per year: March 31st, June 30th, September 30th and December 31st.

However, a 5% charge is deductible on any withdrawals from your savings outside the free withdrawal dates or your set end/maturity date to encourage your savings habit. You can only withdraw twice a day. And if by your target save end date, you haven’t hit your target amount but wish to withdraw, you can do so. However, that means you will forfeit all interest accrued from the plan.

If you have not linked your BVN to your Pettysave account, the maximum you can withdraw is N50,000 per day. If you have linked your BVN, you can withdraw as much as you want from your Pettysave account but not more than twice a day.

Learn more about how to withdraw from Pettysave here.

Account Opening

All that will be required from you to sign up is: your name, phone number, email address and a customised password. You can start saving and investing online here.

Interest Rates

On auto save and target save, you earn 10% interest annually. For vault/locked in save, you earn 12% per year. The percentages of returns on savings are pro-rated daily and paid directly into your Pettysave account.

Acceptable Cards

All cards issued by Nigerian banks are accepted such as Verve, Visa or MasterCard. Some cards may however not be cleared for online transactions, check with your financial institution to resolve the issue.

Multiple Cards

There is no limit to the number of cards that can be added to your Pettysave account.

Learn more about how to use your debit card(s) on Pettysave here.

Cardless Transactions & Inter-user Transfers

You can save and invest without a card on Pettysave. However, you will only be able to save in vault and make investments. This is because in order to run an autosave or target save plan on the app, you need to add your card to enable automations. Card-less transactions have to be done manually. You can only make an inter-user transfer twice a day and the maximum you can transfer is a total of N500,000 per day. Learn more here.


At the bottom of your dashboard, there is a button tagged ‘Show recent activities’. If you click it, you will see a drop down list of your recent activities on the app including savings, investments, earnings, withdrawals and transfers. To see all your activities on Pettysave, scroll to the bottom of the list and click on ‘See all activities’. You can access this any time.

Multiple Plans

You can create multiple savings and investment plans. However, only one autosave plan can be active per time, while target save and vault can be multiple. You can save for different people and things with the target save feature. Click on targets, custom targets and name it accordingly. E.g save for Brian, save for Jessica, school fees etc.

Payment Default

If there’s no money in your bank account in time for savings, you will not be charged any fee at all. This is a voluntary saving so you are only debited when you have the exact savings amount or more in your bank account.

Top-up (formerly Extra save)

This allows you to add more funds to your savings. This is especially good if you miss a few saving dates due to insufficient funds and need to meet up with your savings target or just have extra cash to save. To save an extra amount outside your normal plan, click on ‘Top-up’, input how much you want to save instantly and it will be debited from your account.

Referral Bonus and Commission (Daily Bread)

Once you register on Pettysave, you get a referral code and link. When you share this code or link with anyone and they sign up with it, you will be notified. Your phone number can also be used as your referral code. Once your referral saves up to N2000 or invests any amount, you will both receive N250 each as referral bonus.

You also earn a commission on your referrals’ investments and not just their savings. So, the first time any of your referrals invests on Pettysave, you will receive a commission ranging from 2.5–10%, depending on the investment opportunity they choose!

Learn more about our referral program here.

Savings: Additional Information

All savings plans on Pettysave can have their savings amount increased using the edit button. You can also pause the Autosave plan whenever you want.

Investments: Additional Information

Investment allows users to earn passive income by investing in viable, low-risk investment opportunities such as real estate, agriculture, transportation etc. Returns on Investment (ROIs) vary across investment opportunities. The percentages of returns are pro-rated and paid directly into your Pettysave account once the investment matures.


Customer’s financial data is encrypted and securely stored. We do not store your card information as we work with a PCIDSS-compliant payment processor to handle all our customers’ card details. Also, all transactions between pettysave and our banking partner is done through 256-bit HTTPS SSL connection. 256-bit HTTPS SSL connection is a data/file encryption technique that uses a 256-bit key to encrypt and decrypt data or files. It is one of the most secure encryption methods after 128- and 192-bit encryption, and is used in most modern encryption algorithms, protocols and technologies including AES and SSL.

For verifying users, we’ve put the following in place:
- When adding your bank account, the account name must match the name on your Pettysave account
- Once you put your BVN, the account name on all bank accounts added to your Pettysave profile must match with it. If you already have a bank account added to your Pettysave profile with a name that does not match with the name on your BVN, it will become invalid and be removed.

Bank Verification Number (BVN) is required for the following actions:
1. Transferring money to another Pettysave user
2. Withdrawing above NGN50,000
3. Receiving money from another Pettysave user
4. Withdrawing your ‘Referral Bonuses’
5. Access to your ‘Referral Commission’

We operate with a cooperative license and also possess a Microfinance license (Marvelous MFB) which is duly registered by the Central Bank of Nigeria (CBN). Pettysave is in the final months of acquiring another Microfinance license (Pettysave MFB) to render more offline services to our users and to also penetrate the rural areas of the country.


We are located at №17J, Freedom Way, Lekki Phase 1, Eti-Osa, Lagos State.

Customer Care

You can call customer care on 09035145599 for further enquiries.

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The Pettysave Team

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