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How to Cancel Pending Transaction on Trust Wallet in 2023

By
Seun Ogun
-
0
How to Cancel Pending Transaction on Trust Wallet in 2023

Have you been stocked again with pending transaction on your trust wallet? Do you need a pragmatic soliution right now? Look no further, I am here to help you out. 

Pending transactions are a common occurrence in the cryptocurrency and block chain sphere, arising due to various factors such as network congestion, insufficient transaction fees, or technical glitches.

 In such instances, the transaction remains unconfirmed, leaving the funds temporarily unavailable for further use. 

So, in this article I will show you what I did to solve the issue when I encountered that yesterday. 

Do yourself good by reading this article to the end. 

Let’s get started. 

Before going into cancellation strategies, it’s crucial to grasp the concept of pending transactions. 

When you initiate a cryptocurrency transfer, the transaction is broadcast to the blockchain network, awaiting validation by miners. 

These miners verify the transaction details and add it to a block, effectively confirming the transfer.

Well, several factors can contribute to a pending transaction. Some of them include; 

  • The transaction fee incentivizes miners to prioritize your transaction. A low fee may result in it being placed at the back of the queue, delaying confirmation.
  • During periods of high network activity, the sheer volume of transactions can overwhelm the network, leading to delays in processing individual transactions.
  • A stable internet connection is essential for broadcasting and confirming transactions. Unreliable connectivity can disrupt the process, causing transactions to remain pending.

How to identify Pending Transactions

To effectively manage pending transactions, it’s essential to identify them promptly. Trust Wallet simplifies this process by providing a dedicated transaction history section. 

Accessing this section reveals a list of all recent transactions, including those that are still pending.

Pending transactions are typically marked with a “Pending” status indicator. 

Clicking on a pending transaction will provide additional details, such as the transaction hash, fee, and estimated confirmation time.

Prerequisites for Canceling Pending Transactions

Before embarking on the task of canceling pending transactions, it’s crucial to ensure you have the necessary prerequisites in place:

  • Updated Trust Wallet App: Make sure you have the latest version of the Trust Wallet app installed on your mobile device. Updates often include bug fixes and performance enhancements that may impact pending transaction handling.
  • Wallet Access: To cancel pending transactions, you’ll need access to your wallet’s private key or recovery phrase. Without these credentials, you won’t be able to authenticate and execute the necessary transactions.
  • Cryptocurrency Transaction Basics: Familiarity with fundamental cryptocurrency transaction concepts, such as gas fees and transaction confirmation times, will be beneficial in understanding the cancellation process.

While Trust Wallet doesn’t offer a direct “Cancel” button for pending transactions, there are a few effective methods to expedite or cancel them

Canceling Pending Transactions on Trust Wallet (Step-by-Step Guide)

Trust Wallet offers two primary methods for canceling pending transactions. They include; the Nonce Value method and the DApps method. I will guide you through each method now. 

How to Cancel  Pending Transactions Using Nonce Value

Locate the pending transaction you want to cancel. This can be done by checking your transaction history or by searching for the transaction hash.

Open the details of the pending transaction. This will provide you with essential information, including the transaction hash, nonce value, and gas price.

Follow these steps to cancel the pending transaction

  • Initiate a new transaction, but instead of sending funds, enter your own wallet address as the recipient.
  • Increase the gas price to a higher level than the original transaction.
  • Copy the nonce value from the pending transaction details. This value is crucial for identifying and overriding the pending transaction.
  • In the new transaction, enter the nonce value you just copied into the “Nonce” field. This will instruct the network to replace the pending transaction with the new one.
  • As mentioned earlier, increasing the gas price will prioritize the new transaction, increasing the likelihood of it being confirmed and canceling the pending one.
  • Carefully review the transaction details and ensure the nonce value and gas price are correct. Once satisfied, confirm the transaction to send it to the blockchain.

How to Cancel Pending Transactions Using DApps

  • Open the Trust Wallet app and navigate to the “DApps” browser. This browser allows you to connect to decentralized applications that offer transaction cancellation services.
  • Search for a DApp that specifically supports transaction cancellation for the cryptocurrency involved in your pending transaction. Popular options include Etherscan, MyCrypto, and MyEtherWallet.
  • Connect the DApp to your Trust Wallet by accepting the authorization request. This will allow the DApp to access your wallet’s information and perform transactions on your behalf.
  • Provide the DApp with the transaction hash of the pending transaction you want to cancel. The DApp will attempt to override the pending transaction and cancel it.

Troubleshooting and Additional Considerations

  • Be aware that transaction confirmation times vary depending on factors like network congestion, gas price, and the specific cryptocurrency. Pending transactions may take several minutes to hours to resolve on their own.
  • Prioritize high-priority transactions by setting higher gas prices. This will attract more miners to process your transaction, leading to faster confirmation times.
  • If a pending transaction remains stuck for an extended period, it’s advisable to cancel it and initiate a new one with a higher gas price.

Conclusion

Canceling pending transactions on Trust Wallet is a straightforward process that can be achieved using either the Nonce Value method or the DApps method. However, it’s important to exercise caution and only cancel pending transactions when necessary.

FAQS

How do I fix a failed transaction on trust wallet?

1. Check for insufficient funds

Make sure you have enough funds in your wallet to cover the transaction fees as well as the amount you are sending. Transaction fees can vary depending on the network you are using and the current network congestion.

 2. Verify the recipient address

Double-check the recipient address to make sure that it is correct and matches the address of your intended recipient. Typos and copy-paste errors can cause transactions to fail.

 3. Check for network congestion

The crypto market can be volatile, and sometimes networks can become congested, leading to delayed or failed transactions. If you’re encountering a lot of failed transactions, try waiting for a while and then retrying the transaction.

 4. Increase the slippage tolerance

Slippage tolerance is a percentage that determines how much your transaction can deviate from the current market price before it is cancelled. If your transaction is failing due to slippage, try increasing the slippage tolerance slightly. This will allow the transaction to go through even if the price fluctuates slightly.

 5. Resend the transaction with a higher gas fee

 If your transaction is failing due to insufficient gas, you can try resending the transaction with a higher gas fee. This will incentivize miners to prioritize your transaction and hopefully get it confirmed faster.

 6. Clear the Trust Wallet cache and data

Sometimes, cached data in the Trust Wallet app can cause issues with transactions. To clear the cache and data, follow these steps;

  • Go to your phone’s Settings app.
  • Tap on Apps and find Trust Wallet.
  • Tap on Storage.
  • Tap on Clear Cache and then tap on Clear Data.
  • Restart the Trust Wallet app.

 7. Contact Trust Wallet support

If you’ve tried all of the above and your transaction is still failing, you can contact Trust Wallet support for help.

 How do I get a refund for a failed transaction?

1. Check for an automatic refund

 In some cases, failed transactions will be automatically refunded to your original payment method. This typically happens within 3-10 business days. However, the exact timeframe can vary depending on the payment provider and the type of transaction.

 2. Contact the merchant

If you haven’t received an automatic refund within a reasonable timeframe, contact the merchant or service provider that you made the purchase from. Provide them with the details of the failed transaction and request a refund. They may need additional information from you, such as a copy of your receipt or order confirmation.

 3. Initiate a chargeback (if applicable)

 If the merchant refuses to issue a refund or if you have waited an unreasonable amount of time for the refund to process, you may be able to initiate a chargeback. This is a process through which your bank or credit card company can reverse the transaction. However, chargebacks can have negative consequences for the merchant, so it’s best to try to resolve the issue with the merchant directly first.

Daily Bank Transfer Limit for Corporate, Current and Savings Account in Nigeria

By
Seun Ogun
-
0
Daily Bank Transfer Limit for Corporate, Current and Savings Account in Nigeria

Every individual having one ore more bank account is expected have sound knowledge of t the daily limit. 

Just imagine initiating a very important transaction only to discover that you’ve exceeds the permissible limit, which makes the transaction unsuccessful, you won’t feel good right? 

That’s why I have decided to make a well researched article about “Daily Bank Transfer Limit for Corporate, Current and Savings Account in Nigeria”. 

So, make sure you read to the end, otherwise you might not have the required knowledge. 

Let’s get started. 

What is Daily Bank Transfer Limit

A daily bank transfer limit is a restriction placed by banks on the maximum amount of money that can be transferred from one account to another in a single day.

In Nigeria, the Central Bank of Nigeria (CBN) has implemented regulations governing daily transfer limits to promote financial stability and safeguard against fraud. 

Daily Transfer Limits for Corporate Accounts

Corporate accounts are designed for businesses and organizations that handle large volumes of transactions.

 As such, they typically have higher daily transfer limits compared to individual accounts. 

However, the specific limits vary depending on the bank and the customer’s profile.

For electronic transfers (online, mobile, POS), the daily limit for corporate accounts can range from ₦10 million to ₦50 million. 

For over-the-counter (OTC) transfers, the limit may be lower, typically around ₦1 million to ₦5 million.

For large-value transfers, such as those involving international transactions or payments to government entities, additional approval from the bank may be required.

Daily Transfer Limits for Current Accounts

Current accounts are commonly used by individuals and businesses for everyday transactions. They offer flexibility and convenience for managing finances. However, they have lower daily transfer limits compared to corporate accounts.

For electronic transfers (online, mobile, POS), the daily limit for current accounts can range from ₦1 million to ₦10 million. 

For over-the-counter (OTC) transfers, the limit may be lower, typically around ₦200,000 to ₦500,000.

Similar to corporate accounts, large-value transfers involving current accounts may require additional approval from the bank.

Daily Transfer Limits for Savings Accounts

Savings accounts are primarily designed for saving money, and they have the strictest daily transfer limits among the three account types. 

This is to encourage customers to use savings accounts for long-term savings goals rather than everyday transactions.

For electronic transfers (online, mobile, POS), the daily limit for savings accounts can range from ₦10,000 to ₦200,000. For over-the-counter (OTC) transfers, the limit may be lower, typically around ₦10,000 to ₦50,000.

Large-value transfers involving savings accounts are generally not allowed or may require special authorization from the bank.

Factors Affecting Daily Transfer Limits

Several factors can influence the daily transfer limits for different types of accounts. These factors include; 

 Type of account (corporate, current, savings): As mentioned earlier, corporate accounts have the highest transfer limits, followed by current accounts and then savings accounts.

  • Bank policy: Each bank has its own policies and procedures for setting daily transfer limits. These policies may vary based on the bank’s risk assessment and regulatory requirements.
  •  Regulatory requirements: The Central Bank of Nigeria (CBN) sets certain guidelines for daily transfer limits to ensure the stability and security of the financial system. Banks must adhere to these guidelines when determining their individual transfer limits.
  • Customer profile and transaction history: Banks may consider factors such as the customer’s creditworthiness, transaction history, and account balance when setting their daily transfer limits. Customers with a good track record and a higher account balance may be eligible for higher limits.

How to Increase Daily Transfer Limits

If you find that your daily transfer limit is insufficient for your needs, you may request an increase from your bank. 

However, banks will carefully consider your request and may require you to provide supporting documentation, such as:

  • Proof of income or financial statements: For businesses, this could include audited financial statements, bank statements, or tax returns.
  • Details of the planned transactions: Explain the nature of the transactions you need to make and the justification for a higher transfer limit.
  • Supporting documents for large-value transfers: For transfers involving large amounts, provide additional documentation, such as invoices, contracts, or purchase orders.

 In some cases, banks may require you to meet certain criteria to be eligible for a higher transfer limit, such as maintaining a higher minimum balance or upgrading to a premium account package.

Consequences of Exceeding Daily Transfer Limits

 Exceeding your daily transfer limit can result in several consequences, such as;

  • Transaction decline: Your transfer may be declined altogether, causing delays or disruptions to your planned transactions.
  • Additional fees: Banks may charge additional fees for exceeding transfer limits, which can add to your transaction costs.
  • Account suspension: In severe cases, your account may be temporarily suspended if you repeatedly exceed your transfer limits. This can restrict your access to your funds and make it difficult to conduct financial transactions.

Conclusion

Thanks for reading to the end. Very good of you. Now, you know the daily transfer limit and you can spot yourself in tight spot again. Happy banking! 

 FAQS

What is the transfer limit for corporate account?

The maximum daily transfer limit for corporate accounts in Nigeria is ₦250 million. This limit is set by the Central Bank of Nigeria (CBN) to protect customers from fraud and unauthorized access to their accounts.

 The CBN also requires banks to obtain indemnity from customers for amounts above ₦1 million transferred online for individual accounts and ₦10 million for corporate accounts. 

This is to ensure that the bank is not liable for any losses that may occur as a result of a fraudulent transaction.

Do business accounts have transaction limits?

Yes, business accounts generally have higher transaction limits than individual accounts. 

This is because businesses typically have larger financial transactions, so they need to be able to move money more easily. The specific limits for business accounts will vary depending on the bank and the type of account. However, they can range from ₦500,000 to ₦10,000,000 per day.

What is the daily transfer limit for Zenith bank?

The daily transfer limit for Zenith bank depends on the channel you are using to make the transfer.

  • ATM: ₦40,000 per transaction, up to a cumulative limit of ₦200,000 per day.
  • POS: ₦3,000,000 per day.
  • WEB: ₦3,000,000 per day.
  • Mobile App: ₦3,000,000 per day.
  • *USSD (966#): ₦100,000 per day.

Stanbic IBTC Internet Banking and Mobile App Login With Phone Number, Email, Online Portal, Website

By
Seun Ogun
-
0
Stanbic IBTC Internet Banking and Mobile App Login With Phone Number, Email, Online Portal, Website

Stanbic IBTC bank is a standard bank that offers traditional services in Nigeria. 

As it’s know to all, audible to the deaf and visible to the blind, before one can use any bank in Nigeria, one has to have necessary documents including a telephone number, and that applies to stanbic IBTC bank. 

That said, in today’s article, I will show you the pragmatic ways to login into your Stanbic IBTC account using Phone number, Email, online portal/ website and the app. So, without wasting much of our time, let’s get started. 

What is stanbic IBTC bank?

Stanbic IBTC Bank PLC is a member of Standard Bank Group, South Africa’s largest banking group, and one of the leading financial institutions in Nigeria. 

The bank offers a wide range of products and services to individuals, businesses, and institutional clients. Stanbic IBTC is committed to driving Africa’s growth and is one of the largest employers in Nigeria.

Stanbic IBTC was formed in 2007 through the merger of Stanbic Bank Nigeria Limited and IBTC Bank PLC. The bank has a strong track record of innovation and is well-positioned to continue to grow and contribute to the development of the Nigerian economy. That said let’s move to the subject matter of the day. 

Before going into Internet Banking, ensure you possess an active Stanbic IBTC account and have registered for Internet Banking. If not, visit a local Stanbic IBTC branch or contact customer support for registration.

Step-by-Step Guide to Logging in Using Phone Number

1. Open a web browser and navigate to the Stanbic IBTC Internet Banking website

2. Enter your registered phone number in the “User ID” field and click “Next.”

3. Input your password in the “Password” field and click “Log In.”

4. Congratulations! You’re now logged into your Stanbic IBTC Internet Banking account.

Step-by-Step Guide to Logging in Using Email Address

1. Visit the Stanbic IBTC Internet Banking website

2. Enter your registered email address in the “User ID” field and click “Next.”

3. Input your password in the “Password” field and click “Log In.”

4. You’ve successfully accessed your Stanbic IBTC Internet Banking account.

Step-by-Step Guide to Logging in Using the Mobile App

The very first step is to download the Stanbic IBTC mobile app from the Google Play Store or Apple App Store and make sure it’s Installed on your mobile device. After that, 

1. Launch the Stanbic IBTC mobile app.

2. Enter your registered phone number or email address in the “User ID” field.

3. Input your password.

4. Tap the “Log In” button.

5. You’re now logged into your Stanbic IBTC mobile banking account.

Conclusion 

This detailed guide ensures that you can use Stanbic IBTC Internet Banking and Mobile App anytime, anywhere.

FAQs

What is the USSD code for Stanbic?

The USSD code for Stanbic IBTC Bank is *909#. By dialing this code, you can access different banking services, including

  • Check your account balance: Dial 9091*1#
  • Transfer funds: Dial 909*1#
  • Pay bills: Dial 909*9*1#
  • Buy airtime: Dial 909*8#
  • Open an account: Dial 909*11*1#

How do I transfer money using Stanbic USSD code?

To transfer money using Stanbic IBTC USSD code, follow these steps:

  • Dial *909*22*AmountAccount Number#. For example, to transfer N5,000 to the account number 1234567890, you would dial *909*22*5000*1234567890#.
  • Enter your phone number. This is the phone number that is registered with your Stanbic IBTC account.
  • Enter your PIN. This is the PIN that you use to access your Stanbic IBTC account.
  • Confirm the transaction. You will be asked to confirm the amount of money you are transferring and the account number to which you are sending the money.
  • Your transaction will be processed. You will receive a confirmation message once your transaction has been completed.
  •  Please note that there is a daily transfer limit of N200,000 using Stanbic IBTC USSD code.

Credit wise Login With Phone Number, Email, Online Portal, Website

By
Seun Ogun
-
0
Credit wise Login With Phone Number, Email, Online Portal, Website

Welcome to crypto finance Job! Yea, with high sense of humility, I welcome you to the tech website where you will learn anything about “Credit wise Login With Phone Number, Email, Online Portal, Website”

CreditWise is a mobile loan application that offers short-term loans to individuals and businesses in Nigeria. 

The company focuses on providing sustainable lending solutions to underserved populations, including low-income workers, women entrepreneurs, and MSMEs (micro, small, and medium-sized enterprises).

Now, let’s learn how to login to the credit wise website. 

How to Login to Credit Wise with Email Address

Step 1: Visit the Credit Wise Website or Open the App

Begin the login process by navigating to the Credit Wise website or opening the Credit Wise app on your smartphone or tablet.

Step 2: Click on the “Log In” Button

Once on the homepage, locate and click on the “Log In” button, typically positioned prominently for easy access.

Step 3: Enter Your Email Address

In the designated field, enter the email address associated with your Credit Wise account.

Step 4: Click on “Continue”

After entering your email address, click on the “Continue” button to proceed to the next step.

Step 5: Enter Your Password

On the subsequent page, input your password in the provided field. Ensure accuracy to guarantee a seamless login experience.

Step 6: Click on “Log In”

Complete the process by clicking on the “Log In” button. Congratulations, you are now successfully logged in to your Credit Wise account using your email address.

How to Login to Credit Wise Online Portal

The Credit Wise online portal serves as a secure hub for accessing detailed credit reports, monitoring your credit score, and gaining valuable financial knowledge. Now, 

Step 1: Go to the Credit Wise Website

Initiate the login process by visiting the Credit Wise website.

Step 2: Click on the “Log In” Button

Locate and click on the “Log In” button on the homepage.

Step 3: Enter Your Email Address or Phone Number

In the respective field, enter either your email address or phone number, depending on your account setup.

Step 4: Enter Your Password

Provide your password in the designated field.

Step 5: Click on “Log In”

Complete the login procedure by clicking on the “Log In” button. You have now successfully accessed the Credit Wise online portal.

How to Login to Credit Wise Website

The Credit Wise website is a comprehensive resource center offering information on credit reports, scores, monitoring, and repair.

Step 1: Visit the Credit Wise Website

Start by navigating to the Credit Wise website (https://www.creditwise.ng/).

Step 2: Locate the “Log In” Section

Identify the “Log In” section on the homepage.

Step 3: Enter Your Credentials

Enter your email address or phone number and password in the provided fields.

Step 4: Click on “Log In”

Finalize the login process by clicking on the “Log In” button. You are now successfully logged in to the Credit Wise website.

How to Login to Credit Wise App

The Credit Wise app provides on-the-go access to your credit reports, score monitoring, and financial insights.

Step 1: Download the Credit Wise App

Visit your smartphone or tablet’s app store, search for “Credit Wise,” and download the app.

Step 2: Open the App

Launch the app on your device.

Step 3: Enter Your Credentials

Input your email address or phone number and password in the app’s login section.

Step 4: Navigate and Explore

Once logged in, explore  the app’s features, including credit reports, score monitoring, financial education, bill payments, and financial management tools.

Conclusion

In conclusion, I have shown you the best way you can login to your credit wise loan app. Whether you prefer logging in through email, the online portal, website, or app, Credit Wise provides a user-friendly experience, helping you borrow money without hassle.

FAQs

Is CreditWise legitimate?

Yes, CreditWise is a legitimate company that offers a variety of financial services, including credit monitoring, credit score tracking, and personal finance education. 

It is a subsidiary of Capital One, a reputable financial institution with a strong track record of customer service and security. 

What is a good CreditWise score?

A good CreditWise score is considered to be 670 or above. This range indicates that you have a good credit history and are a responsible borrower. Lenders are more likely to approve your loan applications and offer you favorable terms if you have a good CreditWise score.

MTN MoMo Login With Phone Number, Email, Online Portal, Website

By
Seun Ogun
-
0
MTN MoMo Login With Phone Number, Email, Online Portal, Website

Are you a new momo agent finding it hard to navigate through the app? Are you here to learn how to login to your MTN Mono app after a long period and you have forgotten? 

If you’re nodding your head right now, this article is for you. 

MTN MoMo, a mobile money service widely available in African countries, revolutionizes financial transactions. Offering the flexibility of logging in through phone numbers, email addresses, or an online portal, this comprehensive guide ensures a seamless experience.

What is MTN MoMo?

MTN MoMo is a mobile money service launched by MTN Group, a multinational telecommunications company. It is a digital wallet that allows users to send and receive money, top up their mobile airtime, pay bills, and perform other financial transactions using their mobile phones.

Who can use MTN MoMo?

MTN MoMo is available to anyone with a mobile phone and an MTN SIM card. There are no age restrictions, and no minimum or maximum balance requirements.

How to get started with MTN MoMo

 To get started with MTN MoMo, you need to download the app from the App Store or Google Play Store and create an account. You will need to provide your MTN phone number and a four-digit PIN. You can also register for an MTN MoMo account at an MTN shop or agent outlet.

How to login into MTN MoMo Using Your Phone Number

Step 1: Open the MTN MoMo App

Launch the MTN MoMo app on your mobile device to kickstart the login process.

Step 2: Enter Your Phone Number and Password

Input your registered MTN MoMo phone number and password into the provided fields.

Step 3: Tap on “Login”

Complete the process by tapping the “Login” button, granting you access to your MTN MoMo account.

How to Login into MTN MoMo Using Your Email Address

Step 1: Visit the MTN MoMo Website

Open a web browser and head to the official MTN MoMo website.

Step 2: Click on the “Login” Button

Locate and click the “Login” button on the website.

Step 3: Enter Your Email Address and Password

Input your registered MTN MoMo email address and password.

Step 4: Tap on “Login”

Finalize the login by clicking the “Login” button.

How to login into MTN MoMo Using the Online Portal

Step 1: Visit the MTN MoMo Online Portal

Navigate to the online portal through your web browser.

Step 2: Enter Your Phone Number or Email Address

Provide your registered MTN MoMo phone number or email address.

Step 3: Enter Your Password

Input your MTN MoMo password.

Step 4: Tap on “Login”

Click the “Login” button to access your MTN MoMo account.

Conclusion

In conclusion, this guide has provided the login process into MTN MoMo app. This login process is not only secure and convenient but also straightforward, ensuring that users transact easily 

FAQS

How do I check my MoMo account balance?

You can check your MoMo account number either through USSD code or through the app: 

Using the MTN MoMo app, 

  • Open the MTN MoMo app on your phone.
  • Log in to your account using your phone number and PIN.
  • Your MoMo account balance will be displayed on the app’s home screen.

 Alternatively, Using a USSD code, 

  • Dial *222# on your phone.
  • Select option 5 for “My Account”.
  • Select option 1 for “Balance Inquiry”.
  • Enter your MoMo PIN and press #.
  • Your MoMo account balance will be displayed on your phone screen.

How do I check my MTN account balance

Like the former, you can check your MTN account balance with two methods. 

Method 1: Using the MTN USSD code

  • Open your phone’s dialer app.
  • Dial 556# and press Enter.
  • Your MTN account balance, including airtime, data, and bonus balances, will be displayed on your phone screen.

Method 2: Using the MTN Quick Balance SMS service

  • Send an SMS message containing the keyword BAL to 131*131#.
  • You will receive an SMS message with your MTN account balance.
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