Reaprite Review 2022: Is Reaprite Legit Or A Fintech Scam?
Get to know everything about Reaprite in this reaprite review!
What Is Reaprite?
Reaprite is a seamless solution that encourages saving and investment in just a click. Both saving and investment plans on Reaprite platform generates interest on a daily basis and user can make a withdrawal at any time.
You can choose from any of the saving plans to save money daily, weekly or monthly or, you can save for specific goals. This is a simple digital solution that allows you to save and invest smartly at zero charges.
Anyone above the age of 18 with a verifiable bank account, investment enthusiasts, looking to increase their saving power and generate more income through investment. Also, anyone who is looking to make extra income without stress.
About Reaprite Wallet
Saving money in the Wallet accrues 10% interest per annum (p.a). Seamlessly credit your Wallet through the Auto top-up feature when you link your debit card.
- Enjoy a mobile wallet with a dedicated account number for seamless transactions.
- 10% pa interest on savings
- Save better when you automate.
- Send money to friends, family and loved ones instantly using phone number or bank account.
- Need your money for something urgently? you can take out your savings anytime you want.
A little can mean a lot when you stay consistent. We’ll show you how to save without even thinking or feeling it.
- Short and flexible
- Duration: 3, 6, 9 or 12 months
- Interest: 12 – 12.5% p.a
Medium to a long-term savings plan that will steadily grow your money and you won’t have to change the way you live.
- Lock down that money
- Duration: 6, 9 or 12 months
- Interest: 12.5 – 14% p.a
Prepare your money for the years ahead starting today. Low risk, high returns.
- Think long term
- Durations: 9 and 12 months
- Interest: 14 – 16% p.a
Let me walk you through registering on reaprite! CLICK HERE TO REGISTER. You need these details to register an account;
- Your first name
- Your last name
- Your email address
- Your phone number
- Your password
- Your referral code (not compulsory)
After entering those details and hitting the register button, a verification link will be sent to your email address. Go to your email and click on that link. You’ll see a page like the one below. Click on the confirm button to proceed.
After that, you’ll be redirected to the login page where you can login with your entered details.
After logging in, you can now see your dashboard, here’s what the dashboard looks like from a desktop perspective.
After logging in for the first time, you need to verify your BVN, don’t worry, it’s totally safe. To do this, CLICK HERE. You’ll see a page like the one below, enter the correct details and submit.
After that, you also need to set your transaction PIN. To do that, CLICK HERE. And enter your preferred PIN, and submit.
After doing that, your Reaprite Account is now set and you can fund it and start saving! You can easily fund your wallet using your debit card.
How do I use Reaprite?
Download the Reaprite app from the app store, google play store or sign up via the web platform and create a free account.
You then transfer money from your bank account to your reap wallet, or you can initiate an auto withdrawal on your debit card (specifying the amount you want to withdraw) into your reap wallet.
You can equally transfer money into your reap wallet using your Reaprite account number.
From your wallet, you can fund any of the savings plans you choose and also sponsor any investment.
Are there any charges for using Reaprite?
Absolutely not! Reaprite is free for all users.
Does Reaprite have an office?
Yes, we do. We are located at Plot 21, Ahmed Onibudo street, Victoria Island, Lagos State.
What are the benefits of using Reaprite?
Reaprite pays you higher interest.
You get access to saving and investment options that help you achieve your financial goals.
It helps to cultivate your saving habits.
What makes Reaprite different from similar platforms?
What differentiates us is our simplicity. You can easily access your funds at any time. Reaprite offers short and flexible plans that make it easier for you to save. Our saving plans are thoughtfully curated to offer you the highest returns.
When do I start making money on Reaprite?
You will start making money once you’ve completed your profile and made the required minimum deposit of ₦500 in either the wallet or Reap quick.
For Reap plus you will have to deposit a minimum of ₦100,000 and a minimum of ₦1,000,000 in Reapmax. Your interest will be calculated daily and that’s how your money grows.
The amount of money you make will depend on the amount you saved and the interest rate of the plan you choose to save with. You will also make money from investing in agricultural projects.
Why is my BVN required?
Your BVN is needed because it’s a mandatory requirement by the CBN. It is required to validate a User’s identity and kick against identity theft. This ensures another level of safety for your funds and transactions. Reaprite does not share your BVN.
How safe are my card details?
Reaprite is built with the security of your payment data in mind. Critical customer data are encrypted and securely stored. We do not store your card information as we work with a Payment Card Industry Data Security Standard (PCIDSS) compliance payment third party that handles all our Customers’ card details as required by regulators.
Are my funds safe and how secure is my Reaprite account?
Making sure your account is safe is our topmost priority. We use state-of-the-art data encryption when handling your financial information.
We are backed by Investment One, a Security Exchange Commission (SEC) regulated trustee. We equally invest in low to medium-risk investment opportunities that yield competitive interest to our investors.
How do I fund a savings plan?
You can either fund your plan from your Reaprite wallet or via your debit card. Carry out the following steps:
- Click on a savings plan
- Choose savings duration
- Enter the amount to save
- Choose savings interval
- Choose source of payment ( wallet or debit card)
- Click fund plan.
When can I withdraw my money?
You can withdraw from your Reaprite wallet at any time but funds locked down on a saving plan cannot be withdrawn and in some cases attract penalties for withdrawal before the maturity date.
How do I withdraw my money?
Withdrawing your money is quite simple and almost instantly. To initiate a withdrawal, take the following steps:
- Log in to your Reaprite wallet
- Tap “Withdraw”.
- Enter the amount you want to withdraw
- Select the withdrawal destination. This is your own personal bank account where you want the money to be sent to.
Viola! The money drops in your account.
Is Reaprite Legit?
Yes, Reaprite is legit. If you’ve used piggyvest or cowrywise in the past then you shouldn’t be afraid of reaprite.