PennyTree is a Lifestyle payment and savings application that helps you keep up with your savings habit and make payments.

Not only does it help you saves your money, PennyTree is currently offering a referral program like that of Cowrywise which will enable you to earn more by referring people to Sign up on the apk.

By signing up on PennyTree and verifying your account, you will be able to refer and earn N500 per referral on the app.

About PennyTree

PennyTree, launched in December 2021 is a Lifestyle payment and savings application that helps you keep up with your savings habit and make payments. We are currently at a level where savings and wealth building are characterized by setting debit reminders and locking funds away in digital vaults.

We thought we could even make this more seamless, fun and enjoyable by building an affinitive ecosystem; creating a clan of financially savvy customers who would automate wealth as they build their lifestyle. We make financial discipline fun, enjoyable and easy.

Features Of PennyTree

Penn Rules – With Penn Rules, you can save as you earn, save as you spend, save as you live and save as you interact in the digital village without second-guessing.

Target Savings – With automated savings, you can save towards multiple goals, achieve them all and grow your money. Start saving with as low as N100 and as frequent as daily, weekly and monthly. Hit targets with PennyTree.

Personal Vault – Create a locked savings plan and shun untimely withdrawals. Save and grow your money with an interest of up to 15% per annum. You earn better on PennyTree than your Bank’s savings account. You can lock funds for a minimum duration of 30 days.

Payments – On PennyTree, you can pay for utilities (DStv, GOtv, Startimes, Postpaid and Prepaid Electricity Packages), buy airtime and data subscriptions.

Penn Wallet and Transfers – Penn Wallet is the digital wallet that allows you to do a transfer from a Penn Wallet to another Penn Wallet using the unique user ID. You can send money to friends and family on the Penn ecosystem with zero charges.

Save Securely – PennyTree uses the highest levels of Internet Security, secured by 256 bits SSL security encryption as they have partnered with PCIDSS level 1 compliant payment processor for the security of funds.

Free Charges – No transfer charges, no charges on recurring debit, no monthly fees, and no maintenance fees.

NOTE: You earn N500 per referral on PennyTree using F583097E as referral code.

How To Register And Refer On PennyTree

How To Register On PennyTree

Before you register on this app, it’s important for you to know that you have to use the referral code – F583097E and verify your account with mail, add card and withdrawal account before you can be able to refer

• Download PennyTree from Playstore Or Apple Store.
• Open the app and tap on “Create Account“
• Fill in your Name, Phone number, email and use F583097E as referral code.

NOTE: Use F583097E as referral code.

• Tap on Create account after filling the required details with the referral code – F583097E
• Then You will be ask to verify your account with your bvn.
• Enter your BVN to verify your account (Your bvn will only be used for verification process).
• Last thing is to Setup your 4 digit transaction pin.

Now you are done with the registration part, the next step is to see how you can be able to refer by verifying your account.

How To Verify Account and Refer On PennyTree

• Login to your PennyTree account.
• Under the Checklist, you will see the option to add bank card, withdrawal account and verify email.
• Verify your email account from your Gmail Box.
• Add a Bank Card and withdrawal account

Since you are done verifying your account, you will now be able to copy your referral code and refer new user to the apk.

Just tap on Refer and Earn then copy your referral code. Share it with your Friends and instruct them to strictly follow the procedure you also followed.

Things To Note

• Only the referrer gets N500, no registration bonus.
• You will be paid for your referral every 30 days.
• You must verify your account, add bank card and withdrawal account before you can refer.
• Do not try to cheat the system, avoid been banned.

How To Withdraw On PennyTree

To withdraw on PennyTree is quite simple, Once it’s the 30th day which you will be paid for your referral, simply:

• Login to your account.
• Tap on Withdraw.

• Enter the amount you wish to withdraw.
• Then select the withdrawal account which you added when registering or use a new withdrawal account.
• You will receive your money once you successfully place your withdrawal.

More Ways To Earn On PennyTree

There is another way to earn on this platform aside from the PennyTree referral program, this other way is using an Exclusive Associate Program launched by the platform for young people to help tackle the issues of unemployment and unemployability in Nigeria.

The program is set up with layers and tools which reinforces the values of hard and smart work with proper reward, enables them to become financially disciplined (especially with savings), get monthly bonuses and remuneration which ensure earning between ₦68,000 and ₦204,000 in 30 Days, build their network and look great on their resume. Participants of the program will be known as ‘Penn Exclusive Associates.’

According to Ayo Ogunlowo, PennyTree’s Co-founder, “PennyTree’s Exclusive Associate Program is designed to encourage and reward smart work among young people, networking, effective communication skills and creativity as long as they have a smartphone and BVN.”

PennyTree’s Brand, Marketing and Corporate Communications Manager, Elsie Godwin also added “PennyTree is not just concerned about helping Nigerian youths’ savings culture and making it seamless but to provide young people with skills through additional education and training, which ensures that they have a better shot at earning a good income in the global village.”

The Exclusive PennyTree Associate program has an iterative cycle of 30 Days and is now open for the first cycle to any Nigerian living in Nigeria between the ages of 18 and 35, have a BVN, own a smartphone and be active on at least 4 of the top social media platforms in Nigeria.

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