Based on research and not influenced
This is based on rigorous research, testing and not influenced by our earning potentials.

Hope PSBank Review: your right money app?

Hope PSBank is an inclusive digital banking platform and one of the few payment service banks in Nigeria. 

Regardless of your level of education, social class, economic status, location, religion, and tradition Hope PSB makes sure you are not left out of the benefits of financial services it offers.

With the use of 4 A’s – Accessibility, Affordability, Availability, and Awareness of online financial services Hope PSB ensures everybody has access to the financial and payment service they offer.

Hope PSB allows you to send, receive, and transfer funds seamlessly among several other financial services. 

Hope

Hope PSBank

Minimum

Rating

 

Hope PSB is a digital payment service platform that offers a quick and easy way to send funds, and receive money, just with a phone number.

Hope PSB allows you to pay bills, purchase airtime, data, subscriptions, etc online saving you the time and effort required to purchase it from physical stores.

You can decide to become a Hope PSB agent, thus earning you income by providing financial services to your community.

Hope PSB uses the 4 A’s to provide adequate financial services to users- Accessibility, Affordability, Availability, and Awareness of the digital financial services they offer.

PROS

  • Hope PSB ensures financial products and services are brought closer to you irrespective of your economic and social status.
  • You can send, receive, transfer, pay bills, and purchase airtime and data on the Hope PSB quickly and conveniently.
  • You can make online transactions on the Hope PSB app with only your phone number.
  • The Hope PSB personal assistant on the app helps you schedule payment of bills, renewal of subscriptions, etc at regular intervals.
  • You can also send payment invoices to more than one phone number at the same time.
  • Hope PSB enables you to set a 6-8 digital pin to ensure adequate security of your account and funds.
  • You can create and manage your Hope PSB with zero opening balance, and no documents and conditions. Just dial *569*9#

 

CONS

  • Hope does not offer physical debit cards, your phone is always the means for transactions.

 

How to get the Hope PSB App

Download the Hope PSB app on the Play Store or the Apple Appstore of your Android or iOS phones.

Install the app, and fill in the required details to create your account.

Products and Features of Hope PSB

Hope Digital Solutions: This helps you manage and operate your account with the several digital solutions Hope PSB provides. This feature includes the Hope digital collection, sales and delivery solution (phone POS), and Hope marketplace.

Hope Wallet: This is powered by Hope Payattitude. It is an account you can create and deposit funds to seamlessly for yourself, friends and family, and staff for regular payments. This product can be opened with no BVN, zero opening, and minimum balance, N300,000 maximum balance limit.

You can also make funds transfer to other banks, pay bills, withdraw or pay with just your phone number at ATMs, agent outlets, POS and anywhere you see the PayAttitude sign.

You can make direct debit instructions using the Hope PSB personal assistant. All you need to open a Hope wallet is your registered phone number.

Hope Savings: This is a savings account on your Hope app. It helps you to put funds aside as savings towards a financial obligation. You can save for bill payments, school fees, health, vacation, etc.

The Hope savings account allows users to save and meet financial needs and goals. Hope savings account can be created with a zero opening balance, you can transfer funds easily from the account to other banks, make direct debit instructions using the unique Hope personal assistant, pay bills, withdraw with your phone number at POS branches, ATMs, agent outlets, Web and anywhere there is a Payattitude sign. To open a Hope savings account you need a registered phone number and a valid BVN.

Hope Salary Savings: This is another Hope account that provides flexible and comprehensive financial services to users who are salary earners. It allows them to access their salaries easily with stress. The account can be created with a zero opening fee and a zero minimum daily balance. You can also perform other financial transactions on the account such as fund transfers to other banks, debit instructions using Hope personal assistant, payment of bills, payments and withdrawals can be made with just your phone number at ATMs, POS points, agent branches, and anywhere you see the Payattitude sign.

The requirements for the Hope Salary savings account are your BVN and a registered phone number. There is also the Hope Salary Current for salary earners that want a current account. It provides stress-free financial services to these salary earners with the same features as the savings account and the requirement is a BVN and active/registered phone number.

Hope Joint: This is an account on the Hope PSB app that allows a maximum of 3 individuals to create a joint account and save towards a financial goal or objective. You can open this account with a zero opening balance(this means you are not charged any fee to open the joint account), a zero minimum daily balance, competitive interest rates, payment of bills, funds transfer, and debit instructions can be made using the Hope personal assistant feature.

Immediately after the account is created, every member of the joint account receives a notification for digital pin selection. Also, every member has to approve any transactions being made from the account. The requirements to open this account are valid BVN of all members plus members’ registered phone numbers.

Hope Current Account: This is the Hope Current individual account that is designed to allow you to carry out daily banking transactions conveniently.

It also allows you to perform a wide range of business transactions seamlessly with 3rd parties and provides a smooth way to manage your daily financial activities. This account allows a minimum balance of ₦10,000, allows you to transfer funds to other banks, gives direct debit instructions using the unique Hope personal assistant, enables you to pay or withdraw with just your phone numbers at POS, ATMs, agent outlets, and anywhere you see the Payattitude sign. You need a valid BVN and a registered phone number to create an individual Hope current account.

Hope Business Account: This is another type of account on the Hope PSB app that targets registered small business owners, medium-scale enterprises, and other organizations to enable them to easily perform financial business transactions.

Hope blends this ease of transactions with bespoke solutions and services for businesses. The account features include zero minimum balance, zero opening balance, direct debut instructions with the help of Hope personal assistance, payment and withdrawals at ATMs or other outlets with just your phone number, fund transfers to other banks, and all signatories receive notifications for pin selections as well as any transactions on the app for approval.

The account can only be debited after all the signatories have given approval based on the mandate. The requirements include a Business Registration Number(BN), BVN of the business owners, 2 credible references, Tax Identification Number(TIN), and Regulatory licenses.

To open a Partnership Business Account, Hope PSB requires your Registration number, BVN of the partners, Tax Identification Number, and 2 credible references.

To open an account for registered societies, clubs, or religious groups, Hope requires your registration number, BVN of the trustees/signatories, Tax Identification Number as well as 2 credible references.

To open an account for unregistered associations, groups, or clubs, Hope will request for BVN of the exco members or the trustees plus two references.

To open an account for limited liability companies, you are expected to provide your company’s registration number, two credible references, the BVN of all the directors and shareholders, and the TIN(Tax Identification Number).

Hope PSB FAQs

IS THE HOPE APP SAFE?

Yes. Hope payment service banks take security measures seriously to ensure that your account is well secured

WHAT IS PSB?

This is an abbreviation for Payment Service Bank.

HOW CAN I REQUEST FOR MONEY ON HOPE PSB?

You can either make use of the Hope app or just dial *569*9# to use the USSD feature on your mobile device.

If you are using the Hope app, select “request money” on the dashboard but if you are using the USSD code, select “PayAttitude”, select the account you want the money to enter but for USSD select “receive money”, input in the amount you want to request, enter the phone number of the person you are requesting from and the person will be notified. All they have to do is enter their pin, and the transaction will be completed. 

HOW CAN I SEND MONEY?

You can use the Hope app or the USSD feature on your phone using *569*9#. If you are using the app, select “send money” or “PayAttitude” if you use the USSD. Select the account to be debited, enter the amount, and enter the phone number of the person receiving the money then enter your pin and complete the transaction. For USSD, select “send money” and follow the same steps to complete the transaction.

CAN I MAKE A CARDLESS WITHDRAWAL ON MY APP?

Yes. All you need to do is select “ cardless or Payattitude” on any ATM, input your phone number, enter the amount, and enter your pin on your phone after a notification is sent to you.

You will not have to enter your pin on the ATM instead your phone will serve as the remote control. 

WHAT IS THE USSD CODE TO MAKE TRANSACTIONS?

*569*9#

CAN I BUY AIRTIME ON HOPE APP?

Yes, you can purchase airtime as well as make data subscriptions on the Hope app or just dial *569*9 to use the Hope USSD on your phone.

WHO CAN BECOME A HOPE AGENT?

Individuals, registered businesses, and retail chain organizations can become agents on Hope.

WHAT ARE THE 4 A’s?

The four A’s are Accessibility, Affordability, Availability, and Awareness of digital financial services.

DOES HOPE PROVIDE A PHYSICAL DEBIT CARD?

No, your phone and phone number are your means of transaction.

HOW MUCH DOES HOPE CHARGE TO OPEN AN ACCOUNT WITH THEM?

Hope charges zero opening fees and you can have a zero opening balance for all account types on Hope. 

WHAT IS THE MAXIMUM LIMIT FOR YOUR HOPE WALLET?

This varies depending on your KYC level.

HOW CAN I CONTACT HOPE?

You can reach out to Hope PSB on any of their social media platforms or you can call them on 01-2272871, you can send them a mail at [email protected] You can also visit their office at No 1, Idowu Taylor Street, Victoria Island, Lagos.

 

 

Hope Bank ensures that financial services are brought to everyone across different channels regardless of their economic, social, or religious groups.

They offer tailored financial solutions to their users as well as enable business owners to develop and grow their businesses.

 

Halimah Idris
You are the first in our research hence, we rallies around doing rigorous checks, testing and analysis to help you make a good decision on products and services. Meanwhile, items providers' final views are superior to ours.
0 0 votes
What do you think?
Subscribe
Notify of

0 Feedback
Inline Feedbacks
View all comments