How to Use or Withdraw Trial Cash on PalmPay [2025]

Trial Cash is virtual money earned on the PalmPay App through completing daily tasks like daily login, adding money from a PalmPay agent, borrowing a loan, topping up mobile or data, fund betting, referring a friend, and many more. Trial Cash is stored (saved) in CashBox.

PalmPay's Cashbox is an integrated flexible savings feature and plan that lets users earn daily interest on their savings. In other words, users earn 16% annual interest compounded daily and paid out daily on Cashbox.

I know that you are wondering what's the relationship between the Cashbox and the Trial Cash. The trial cash earned through completing specific tasks is saved in the Cashbox, where it earns 16% annual interest rate. The complicated thing here is that you cannot directly withdraw the initial trial cash given to you. You can only withdraw or use the interest earned on your trial cash.

Now, the relationship between CashBox and Trial Cash is that CashBox allows you to earn 16% annual interest rate which is compounded daily and paid out daily. You can then use the earned interest for any transaction on the PalmPay App or withdraw/transfer it to any bank account of your choice in Nigeria.

How to Use Trial Cash on PalmPay

You can use trial cash's earned interest to purchase airtime and data, pay a TV subscription, fund a sports betting account, repay a loan, pay for electricity and water bills, and you can even send it to another PalmPay user or other bank account within Nigeria.

In a nutshell, PalmPay's Trial Cash can be used to carry out any transaction on the fintech app because it supplements your primary balance; you may need to combine it with other funds for certain payments.

How to Withdraw Trial Cash on PalmPay

Follow these steps to claim your trial cash, save it to CashBox, and withdraw it after you've earned interest on the savings.

1. Claim your Trial Cash

On everyday login to a PalmPay account via app, you will earn N200 trial cash. To claim this trial cash, tap on "Claim Trial Cash" on the app homepage. On the trial cash page, click on "Claim," and the trial cash will be automatically transferred to CashBox Savings. The trial cash will begin to earn daily interest in the CashBox. Once the savings' earnings are large, then you can withdraw them to your PalmPay wallet/balance.

2. Withdraw Trial Cash

To withdraw the trial cash's earnings, click on "Withdraw" in the CashBox Savings Account and select the percent of your savings you want to withdraw. Confirm your action with your PalmPay PIN, and the selected percent of the savings will be transferred to your PalmPay account. From the PalmPay Wallet, you can then use the fund to perform any transaction on the app.

Conclusion

PalmPay's Trial Cash is a great incentive feature that allows anyone using the PalmPay app to earn everyday money. You may think the interest earned on the savings is small, but the larger the trial cash, the larger the interest earned will be. So, to boost your chances of earning much trial cash, try to complete as many daily tasks as you can. I'm glad to tell you that you can actually make N50,000 per month with trial cash alone.