Is Owealth Legit? How Safe and Secured is Owealth, A Savings and Investment Platform on Opay
Is Owealth legit? If this is a question on your mind, then you need to read this guide before investing in Owealth.
When it comes to personal finance and investing, numerous platforms promise lucrative opportunities.
One such attention-gaining is Owealth.
As with any new investment venture, it’s natural to question its legitimacy, especially when financial security is at stake.
OWealth is one of the giant savings and investment schemes in the Nigerian financial space owned by Opay.
Its outstanding offers and benefits it brings, interest accuracy, Capital & interest cash out at any moment
Also, it is flexible and reliable; as such, it stands out among other investment platforms.
This platform is capable of helping to increase your money by 15% without working.
As such, it is important to understand how these investment schemes work and use them to their advantage.
Also, you should be able to understand the much emphasized OWealth and be able to make use of the available investment offer.
Hence, In this article, we’ll answer your question, “Is Owealth Legit?”
Also, we will look into the features, benefits, and potential risks associated with Owealth to help you make an informed decision.
Keep reading!
What is Owealth?
OWealth is an online savings and investment platform built by OPay that enables you to save part or all of your OPay fund to get an annual interest paid daily.
The annual interest paid is fixed at up to 15%, which is interestingly attractive when compared to the 5%, which is the highest any Nigerian bank can offer.
It is an online investment platform that offers a wide range of investment options and financial services.
It allows you to save any amount of money for an entire year or more, and you can also withdraw your money at any time.
With the OWealth investment scheme, you will get 15% interest per annum for the first ₦100,000 and 5% interest per annum for the remainder of your balance.
However, you need to download the OPay app before you can access the Owealth investment scheme.
Is Owealth Legit? How Does it work?
OWealth investment scheme is licensed under the Blue Ridge Micro Finance Bank Limited.
As such, it is a licensed investment scheme and not a Ponzi scheme.
With the OWealth investment scheme, you will get 15% interest per annum for the first ₦100,000 and 5% interest per annum for the remainder of your balance.
Also, the interest on your account to be calculated annually will be credited daily.
As such, the interest on your investment is payable on the capital you invested at the completion of a period of 24 hours.
For example, if you invest 200,000 nairas into Owealth, it will be divided into 365 days, and you will get paid 547.94 naira daily.
In addition, you can withdraw your funds anytime without losing the interest you have earned at anytime.
Also, You can use your OWealth balance for payment of bills (electricity, data, airtime, cable, etc.), transfer funds, or POS and ATM transactions (with your OPay ATM card) without any hassle.
How to Invest with OWealth
Is Owealth Legit?
The Sign-up Process and investment options on Owealth is a straightforward process.
However, you need to provide your essential information and complete the necessary identity verification steps.
Now, to use Owealth:
You need to have the Opay App installed on your device to use OWealth as it is built into the OPay App.
You can easily download and install the app from your Google Play store or your Apple store for your Android and IOS, respectively.
- Signup for OPay:
After that, create an account and sign in by filling in the necessary information required on the Opay app.
- Fund your OPay Account:
Fund your OPay account by sending money into it.
- Subscribe to OWealth:
After you have successfully funded your OPay account, click on the ‘OWealth’ or ‘Savings’ on the OPay dashboard.
Read and accepts the terms and conditions before proceeding.
- Fund your OWealth Account:
Also, you have to fund your OWealth investment account by filling in the amount you want to invest and confirm.
You will receive an alert; click done.
As an investor, your interest will be credited daily to your OWealth balance.
However, if you wish to withdraw your Owealth investment funds anytime, They will be transferred to your OPay wallet, which you can transfer directly to your bank.
The interest you have earned as of then will also be credited.
Also, there are OPay stands across Lagos and some other states in Nigeria to help you with transactions, provided you have any issue(s) understanding the App or how to make transactions.
Features and Why People Use Owealth
Is Owealth Legit?
Here, let’s talk about the features of the investment scheme offered by Opay. Which is also its selling point and why people use it.
1. Diversification Strategies
One of the key selling points of Owealth is its emphasis on diversification.
The platform aims to spread investments across different asset categories to eradicate risks and potentially increase returns.
This strategy is appealing to novice investors who seek a balanced and low-risk portfolio.
2. Transparency and Fee Structure
Is Owealth legit?
Transparency is vital in the investment world, and Owealth strives to provide clear information on its fee structure to ensure users are aware of any costs involved in managing their investments.
3. Security Measures and Investor Protection
Since financial security is a top priority, the Owealth investment platform promises powerful security measures to safeguard user data and investments.
Additionally, the platform’s compliance with regulatory authorities equips it with an added layer of protection for investors.
4. Customer Support and User Experience
Owealth also aims to offer excellent customer service, assisting users with their inquiries and concerns promptly.
This is because a positive user experience fosters trust and confidence in the platform’s legitimacy.
5. User Testimonials and Reviews
Users of this investment scheme have rated it positively among other investment scheme.
They have given feedback from existing users based on their experiences, satisfaction levels, and any potential issues they have encountered when compared with other investment platforms.
6. Real-Time Account Monitoring and Management
With Owealth’s user-friendly interface, you can monitor and manage your accounts in real time.
You can also regularly assess your investment performance and make necessary adjustments for optimizing returns.
7. Long-Term vs. Short-Term Investing Strategies
Is Owealth legit?
Owealth provides investors with varying time horizons because they understand the differences between long-term and short-term investing to align their investment goals accordingly.
Conclusion on Is Owealth Legit?
Is Owealth legit?
Owealth, built by Opay and licensed under the Blue Ridge Micro Finance Bank Limited, is a legitimate investment platform that offers diversification, transparency, and responsive customer support.
It provides up to a 15% annual interest rate, which is paid daily into your investment account.
You can withdraw your investment at any time without losing your interest earned.
However, you need to download the opay app before you can access the Owealrh saving and investment option.
Meanwhile, like any investment venture, there are inherent risks attached to this scheme.
As such, before making any financial decisions, conduct thorough research, assess their risk tolerance, and consult with financial advisors.
We hope this article is helpful.
Frequently Asked Questions
Is Owealth suitable for beginner investors?
Owealth is suitable for both beginner and experienced investors, as it provides a user-friendly interface and diversification strategies ideal for newcomers.
What is the minimum investment required on Owealth?
The minimum investment amount varies based on your account type and investment options.
How does Owealth ensure the security of user data?
Owealth uses robust security measures, including encryption and firewall protection, to safeguard user data from unauthorized access.
Can I withdraw my funds from Owealth at any time?
Yes, Owealth allows users to withdraw their funds at any time.
Also, you will earn your daily interest when you withdraw your fund.
However, keep in mind that certain investment options may have specific withdrawal terms.
Does Owealth offer personalized investment advice?
While Owealth provides information and resources, it does not offer personalized investment advice. Users should consider seeking advice from a qualified financial advisor for tailored guidance.
