Got Questions?

We are available to help you on your journey to financial freedom. Here are the frequently asked questions.
You can also contact the team via email on [email protected] or [email protected] . You can also call us on 0700 225 5276

PayDay Investor is a cool investment app that helps you earn interest while investing your funds automatically on a periodic basis so that you can smash your investment goals faster
  • Capital preservation. You can never lose your money
  • You can invest with as little as 100 naira
  • Earn higher interest than your traditional savings account
  • Your investments are automated, so you don’t need a reminder
  • Liquidity, you can withdraw your funds at any time without any charge or penalty fees
  • With PayDay Investor, you can earn interest up to *15% or more per annum while traditional savings returns just 4% per annum
  • On PayDay Investor your dividends are not taxed
PayDay Investor allows you to create an investment goal and specify the time you would like to achieve that goal. It is designed to automatically connect to your Nigerian debit card, thus making it easy for you to periodically set funds aside towards the goal. The funds are then invested in the ARM Money Market Fund, a mutual fund which guarantees competitive interest and quarterly returns and capital preservation.

All funds paid to your PayDay Investor Account are managed by ARM Investment Managers Limited, an asset management firm with over 23years of investment management experience regulated by the Nigerian Securities and Exchange Commission. Payday Investor also adheres to standard industry online transaction security measures. You can be assured of investment and card security.

You can fund your PayDay Investor account with any Nigerian Debit card. i.e. Verse MasterCard or Visa

Yes, you can. The app can be installed and managed on multiple devices. Your login details are confidential. Do NOT disclose your password to anyone.

The scheduled debit from your account into your PayDay Investor account will not occur. We can only manage your money if your registered card account is funded. To ensure the automated debit feature works, your account must be funded on the scheduled day for payment. However, you can make unscheduled contribution payments to a PayDay Investor goal and the remaining payment period to achieve that goal will be automatically updated.

PayDay Investor accepts all Nigerian issued cards that have been enabled for online and Web transactions. Please ensure that your card has been enabled for online transactions
Your deposited fund is processed within 12- 24 hours and then invested. Once your fund has been invested, you will begin to see interest accrue daily and returns will be paid into your PayDay investor wallet quarterly.
  • Ledger balance displays the amount deposited, which is subject to a processing period of 12 – 24 hours.
  • Available balance displays the amount that you have invested, its basically the total of all the funds attained in your goals
  • Wallet is where we pay your accrued interest into at the beginning of every quarter
  • Accrued interest is how much you have earned in interest for the current Quarter
  • We currently absorb transaction charges on behalf of customers, this means we do not charge customers for funding their PayDay investor account.
  • There is a statutory bank transfer charge of 52.50 naira also applies on any amount you redeem.
These details are required for your registration as mandated by the SEC (Securities and Exchange Commission). These details are also to ensure that processing your funds at the point of withdrawal is easy and smooth.

We accept any of the following government issued identification cards below:

  • Permanent Voter’s card
  • Permanent National Identity Card
  • Valid International Passport
  • Valid Driver’s License
  • Original Tax Payer’s Card
  •  

We accept any of the documents listed below, provided the address is same as the address you provided when you registered on PayDay Investor. Please note that your proof of residence should not be more than 3 months old.

  • Electricity bill
  • Waste management bill
  • Stamped Bank statement
  • Tenement rate bill
  • Land Use Charge
  • Tax authority bill
  • Valid Driver’s license
If you cannot provide all the required means of identification, you will only be able to invest up to N20,000 daily and redeem up to N30,000 daily, and your entire balance will be limited to N200,000 at any point in time. To enjoy everything the app offers, you will be required to provide documents mandated by the SEC
Currently no you can’t, the app is only enabled to accept card payments for now
Yes, you can top up your investment account anytime. Simply use the “Add Funds’ feature on the application and select the goal you would like to fund. You do not have to setup a direct debit
Nothing. we will try and take the funds on the next due date

Yes, you will still earn interest if your goals are deactivated

Yes, we reinvest all the interest that you have earned, so you can earn more and achieve your investment goals quicker
As many as you like

You can update your details from your profile section of the page. Please note that to update sensitive information such as your bank account or bio details, you would need to send an email to [email protected] ; [email protected] to initiate such requests. This is to provide an extra level of security should your PayDay Investor account get compromised

Your Documents will be verified between 24 to 48 hours of submission

Processing period for funds in ledger balance is between 12 – 24 hours.

We process withdrawal requests between 24 to 48 hours

This is subject to your daily transaction limit from your bank

You can invest as little as N100

You can withdraw as much as N500,000 per transaction

You can send an email to [email protected] or [email protected] or join our telegram discussion forum