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Yinvesta
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MoMo
Yinvesta
1. What is Yinvesta?
Yinvesta is digital service enabling MTN customers to invest with a minimum of UGX 500 and earn a daily rate of return on their investment.
2. What are the features of Yinvesta?
- Easy access to the funds which are made available immediately on request
- Interest earned is compounded monthly.
- There is no fixed or contractual investment period. MTN MoMo customers have the flexibility to top up their investment at any time.
3. Who can invest in Yinvesta?
- Yinvesta is available to all MTN MoMo customers who wish to invest and earn daily returns.
4. How can I open a Yinvesta account?
MTN customers can open and register for a Yinvesta account by following the steps below;
- Customer dials *165#
- Selects Invest & Insure
- Select Invest with MoMo
- Select Yinvesta.
- Accept T&Cs to register.
OR
- Login to the MoMo App
- Select Financial services on the MoMo dashboard
- Select Invest
- Select Yinvesta
- Tick box to accept Terms and Conditions
- The customer is successfully registered…
5. What is the minimum amount that one can top up and earn daily returns?
The minimum that one can top up/Invest is UGX 500.
6. How soon can I see my interest investing my money?
- Interest earned will begin to accumulate after 24 hours of the investment. You will be able to see it on your Yinvesta account for tracking after 3 days under check balance option.
7. How long does withdrawal take?
- Withdrawals are processed instantly to the registered MTN mobile number.
8. How many times can I withdraw in a month?
- Investors have the flexibility to make multiple withdrawals at their discretion.
9. What is the minimum amount that can be withdrawn?
- The minimum that can be withdrawn is UGX 1,000 from your Yinvesta Account
10. How does one withdraw?
A customer can withdraw by dialing *165*7*1#
- Select Yinvesta
- Select Withdraw
- Enter amount
- Enter PIN to approve the withdrawal.
OR
Log into the MoMo App
Select Financial services on MoMo dashboard
Select Invest
Select Yinvesta
Select Account Options on Yinvesta dashboard
Select Withdraw
Enter amount
Tap on withdraw for confirmation
11. Can I set up recurring payments through Yinvesta?
- Yes, customers can arrange for recurring payments (MTN Standing Orders) to automatically transfer a specified amount of money at regular intervals—daily, weekly, or monthly—into their investment account without extra charges.
12. How can I view transactions and statements about my Yinvesta account?
- A customers can obtain a detailed summary of their statement and transactions at any time, including the total amount invested, available funds (both interest and principal), account details, and the amounts that have been deposited or withdrawn from their Yinvesta account. This is accessible by dialing *165*7*1# under Yinvesta and choose my account OR log into the MoMo App, select financial services, select Invest, select Yinvesta, select Transactions.
13. Are there any fees charged on my MTN MoMo wallet for using Yinvesta?
- MTN MoMo will not charge any fee on the MTN MoMo wallet for using this service.
14. Is it possible for anyone else to withdraw my investments?
- No. Each customer is notified via SMS every time a transaction occurs in their investment account. All money withdrawn is sent to the registered MTN mobile number.
- Each customer is also required to input their PIN for verification purposes while withdrawing their funds from Yinvesta. This is a safety measure to ensure the security of your funds.
15. What does reinvest mean?
- Reinvesting means adding accrued interest to the initial capital invested. This is the basis of compounding growth of your investment. You can also have the interest earned sent to your MTN Momo Account upon distribution every month.
16. For any additional inquiries contact us:
- MTN MoMo clients can contact us for additional inquiries using the following channels:
- Call: 100
- WhatsApp: 0772123100
Email: customerservice.UG@mtn.com