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How to Close, Delete or Deactivate your Fairmoney Account Easily

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If you are looking for How to Close, Delete or Deactivate your Fairmoney Account Easily, read this. 

FairMoney is a mobile banking app that offers loans, savings, investments, bill payments, and other financial services to its users. 

It is especially popular in Nigeria, where it has over 1.3 million customers. 

FairMoney aims to provide fast, convenient, and transparent access to credit and financial inclusion for people who may not have access to traditional banking services.

However, there may be some reasons why you may want to close, delete, or deactivate your Fairmoney account. 

For example, you may have found a better alternative, you may no longer need their services, or you may have some issues with their policies or customer service. 

Whatever your reason, you may be wondering how to close, delete, or deactivate your Fairmoney account easily.

In this blog post, we will guide you through the steps on How to Close, Delete or Deactivate your Fairmoney Account Easily

Read Fairmoney vs Renmoney and Palmpay; which is the best loan app?

How to Close, Delete or Deactivate your Fairmoney Account Easily

Here, we will take you through the step by step guide on How to Close, Delete or Deactivate your Fairmoney Account Easily

However, before you proceed to close, delete, or deactivate your Fairmoney account, there are some things you need to do first. These are:

  • Clear your wallet: If you have any funds in your Fairmoney wallet, you should transfer them to your regular bank account or another wallet of your choice. 

This will ensure that you do not lose your money when you close your account.

  • Repay your loan: If you have any outstanding loan from Fairmoney, you should repay it in full before you attempt to close your account. 

This will prevent you from being charged any penalties or fees, or having your credit score affected negatively.

  • Contact customer service: If you have any questions, complaints, or feedback about Fairmoney, you should contact their customer service before you close your account. 

You can do so by sending an email to help@fairmoney.ng,  calling their phone number 01 700 1276, or chatting with them on their app or website. 

You may be able to resolve any issues or concerns you have with them, or get some clarification or assistance.

Once you have done these things, you can follow these steps on How to Close, Delete or Deactivate your Fairmoney Account Easily:

  • Open the Fairmoney app on your smartphone.
  • Tap on the profile icon at the top right corner of the screen.
  • Tap on settings at the bottom of the menu.
  • Scroll down and tap on delete account.
  • Enter your password and tap on delete account again to confirm.

check out Fairmoney Login with Phone Number, Email, Online Portal, Website

Conclusion on How to Close, Delete or Deactivate your Fairmoney Account Easily

FairMoney is a mobile banking app that offers various financial services to its users, especially in Nigeria. 

However, if you want to close, delete, or deactivate your Fairmoney account for any reason, you can do so easily by following the steps we have outlined in this blog post on How to Close, Delete or Deactivate your Fairmoney Account Easily

 You should also make sure to clear your wallet, repay your loan, and contact customer service before you close your account.

We hope this blog post has been helpful and informative for you. 

If you have any questions or comments, please feel free to leave them below. Thank you for reading!

FAQs

Can I reactivate my Fairmoney account after I close it?

No, you cannot reactivate your Fairmoney account after you close it. 

Once you delete your account, it is permanently removed from their system and cannot be restored. 

You will have to create a new account if you want to use their services again.

Will closing my Fairmoney account affect my credit score?

Closing your Fairmoney account will not affect your credit score, as long as you have repaid your loan in full before you close your account. 

However, if you have any outstanding loan or late payment, it will negatively impact your credit score and may affect your ability to get loans from other lenders in the future.

Can I transfer my loan or savings to another account before I close my Fairmoney account?

No, you cannot transfer your loan or savings to another account before you close your Fairmoney account. 

You will have to repay your loan in full and withdraw your savings to your regular bank account or another wallet of your choice before you close your account.

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