How to withdraw Money from Palmpay OK Card to Bank Account

To withdraw money from your Palmpay OK card, here is a guide on How to withdraw money from Palmpay OK Card to bank account

Palmpay OK card is a loan type given to Palmpay users with no interest on their loan.

This means you can get a loan from Palmpay OK Card without any traces of interest rate.

Its use involves a PIN code, ensuring added safety during transactions.

You can use the Palmpay OK card to get cash from ATMs or partnered banks via the card.

It’s handy for secure online payments, simplifying your internet purchase as well as buying airtime and settling bills directly through your Palmpay account.

The maximum amount you can borrow from a Palmpay OK card is currently N150,000 only.

However, you have to repay the loan every 1st or 16th of every month.

So, after getting the loan, how do you get to use it? 

We will show you how to withdraw money from Palmpay OK Card to bank account

But before then, let’s discuss how to get a Palmpay OK card in case you need to. 

How to get a loan on Palmpay OK Card

If you are a new or existing Palmpay user, you are eligible to get a loan from the Palmpay OK Card 

To be eligible for the Palmpay OK card, you need to fulfill these conditions:

• Have an active Palmpay account.
• Successfully complete the verification procedure for your Palmpay account.
•  Ensure there’s a minimum of ₦100 in your Palmpay wallet.

When you are sure you meet the eligibility requirement, All you need to do is kindly follow the given steps below:

• Open the Palmpay app and click on “money” in the homepage footer.
• Click on “Get Flexi Credit” and you will be directed to another page.
• Review the terms and conditions of the loan and click “Apply.”
• Provide your real name and BVN
• Apply for the loan amount
• Wait for your loan to be reviewed. If approved the funds will be deposited into your Palmpay account immediately then you can follow the guidelines on “how to withdraw money from Palmpay ok card to bank account” to withdraw the loan successfully.

How to withdraw money from Palmpay OK Card to bank account

In this section, we will discuss two methods you can use to withdraw money from your Palmpay OK card to your bank account. 

The first method on how to withdraw money from Palmpay OK Card to bank account, is to withdraw to your Palmpay account.

Here is the step-by-step guide. 

• Ensure your Palmpay account is verified and linked to your Ok Card.
• Log in to your Palmpay mobile app.
• Navigate to the “Money” tab on the Palmpay homepage.
• Choose “Withdrawal” from the options available in the “Money” section.
• Specify the amount you wish to transfer from the Ok Card to your Palmpay account.
• Select “Okpay” as your payment option.
• Enter your OK card details, such as the card number, CVV, expiration date, etc.
• Click “Continue” to confirm the transaction and wait for it to process.
• Once the transaction is successful, the money will be moved from your OK card to your Palmpay account.

The second method by which you can withdraw from your Palmpay OK Card to your bank account is through withdrawing to a linked bank account. 

Here’s a simple guide on withdrawing money from your Palmpay account to a linked bank account:

• Sign in to your Palmpay account using your registered mobile number and password.
• Tap the “Delete” icon visible on the home screen of your Palmpay app.
• Choose the specific account (if you have multiple linked to Palmpay) and input the desired withdrawal amount.
• Tap “Next” and verify the transaction details.
• Select your bank from the provided list and input your account number.
• Proceed by tapping “Next” and reconfirm the transaction details.
• Enter the OTP (One-Time Password) sent to your registered mobile number and click ‘Submit’ to finalize the transaction.

Final Thoughts 

Palmpay OK card is a loan type given to Palmpay users with no interest on their loan.

This means you can get a loan from Palmpay OK Card without any traces of interest rate.

The maximum amount you can borrow from a Palmpay Ok card is currently N150,000 which needs to be repaid every 1st or 16th of every month.

In this guide on How to withdraw money from Palmpay OK Card to bank account we have discussed two ways through which you can get your money. 

All you need to do is to follow the step-by-step processes provided above to get it done smoothly.

We hope this article is helpful. 

FAQs On How To Withdraw Money From Palmpay OK Card To Bank Account

How can I deactivate my Palmpay OK Card?

If you want to deactivate your Palmpay OK Card, it’s a straightforward process. Just follow these steps:

• Open the Palmpay app and go to the OK Card section on your dashboard.
• Click on “Deactivate” and follow the provided instructions.
• Your OK Card will be deactivated immediately.

What’s the borrowing limit for the Palmpay OK Card?

The maximum loan available through the Palmpay OK Card is N150,000. 

However, as a first-time borrower, you might not be eligible for the full amount initially. 

Regular borrowing and timely repayments can boost your credit score, potentially increasing your borrowing limit.

Is the Palmpay OK Card considered a loan?

The Palmpay OK Card functions as a loan. Its main purpose is to offer users quick access to loans without needing collateral or a credit check. Just remember, it’s important to repay the loan on time.