How is my money protected?

As with everything else on the Carbon service, security is guaranteed. PayVest Savings are protected and always available for withdrawal, anytime you wish.

Your funds are safe as they are managed by Carbon Microfinance Bank (RC No: 1044655), which is licensed and regulated by the Central Bank of Nigeria.

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• How to send money to your Carbon contacts? (You can transfer 30 free funds a month)

  To send money to someone on your contacts: Once signed in, click on “send money”. Tap on “view all” beside Contacts on Carbon. Select the contact. Input the amount, remark, and click on proceed. Review the transaction again and enter your transaction ...

• How to send money on Carbon?

  To send money to a new recipient on Carbon: Once signed in click on “send money”. If the beneficiary is new, click on “new recipient”. Or select “recent transfers” if you have recently sent money to the beneficiary. You can also click on “saved ...

• Insuring Your Money

  We insure all deposits you make into your Carbon account with the National Deposit Insurance Commission (NDIC).

• How to save a beneficiary

  To save a beneficiary on Carbon you need to: Click on send money If the beneficiary is new, click on “new recipient” Or select “recent transfers” if you have recently sent money to the beneficiary Input the account number, bank, amount, and remarks, ...

• Why you should set your transaction pin.

  Every Carbon account is protected by a unique four-digit PIN that should only be known by the account holder. You can’t use your Carbon account without first setting your sign-in PIN. Your transactions on the app are also secured with this PIN.