Home Finance How to Close, Delete or Deactivate Your Fairmoney Account Easily

How to Close, Delete or Deactivate Your Fairmoney Account Easily

If you’re looking to close, delete or deactivate your Fairmoney account, you may be wondering what the process is. Fortunately, closing, deleting or deactivating your Fairmoney account is an easy process and can be done in a few simple steps. In this post, we’ll provide an overview of the steps required to close, delete or deactivate your Fairmoney account so you can easily manage your finances.

Why You May Want to Close or Delete Your Fairmoney account 

There may be several reasons why you might consider closing or deleting your Fairmoney account. Here are a few common scenarios:

  1. Dissatisfaction with the service: If you find that Fairmoney is not meeting your expectations or you are not satisfied with their customer service, you may want to close your account and explore other options.
  2. Changing financial goals: Your financial goals may change over time, and if Fairmoney no longer aligns with your objectives, it might be time to close or delete your account.
  3. Privacy concerns: If you have concerns about your personal information or data security, closing your Fairmoney account can give you peace of mind.
  4. Moving to a different financial institution: If you have found a better financial institution or service that meets your needs more effectively, closing your Fairmoney account is a logical step.
  5. Simplifying your finances: Some individuals prefer to consolidate their financial accounts for easier management. Closing your Fairmoney account can help streamline your financial situation.

Remember, the decision to close, delete, or deactivate your Fairmoney account is a personal one, and it’s essential to weigh the pros and cons before making a final decision.

How to Close, Delete or Deactivate your Fairmoney Account Easily 

Closing, deleting, or deactivating your Fairmoney account is a simple process that can be done in a few easy steps. Here’s how you can easily manage your account:

  1. Log in to your Fairmoney account: Visit the Fairmoney website or open the mobile app and log in using your username and password.
  2. Navigate to account settings: Look for the account settings or profile section within your Fairmoney dashboard. This is usually located in the top right corner of the screen.
  3. Find the “Close/Delete/Deactivate Account” option: Once you’re in the account settings, search for the option to close, delete, or deactivate your account. It may be labeled differently, but it should be easy to locate.
  4. Follow the prompts: Fairmoney will guide you through the process of closing, deleting, or deactivating your account. You may need to provide some additional information or confirm your decision.
  5. Confirm the closure, deletion, or deactivation: After completing the necessary steps, you will likely be asked to confirm your decision. Make sure to double-check all the details before proceeding.
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Remember, before closing, deleting, or deactivating your Fairmoney account, it’s important to withdraw any funds and settle any outstanding transactions. This will ensure a smooth transition and avoid any potential complications.

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Common Reasons for Difficulty Closing a Fairmoney Account and How to Resolve Them 

Closing a Fairmoney account may sometimes come with its challenges. Here are some common reasons why individuals may face difficulty in closing their accounts, along with ways to resolve them:

  1. Outstanding transactions: If you have any pending transactions or loans with Fairmoney, you will need to settle them before closing your account. Contact Fairmoney’s customer support for assistance in completing these transactions.
  2. Forgotten login credentials: Difficulty closing your account may arise if you’ve forgotten your username or password. Try resetting your password through the “Forgot Password” option on the Fairmoney website or app. If you’re still unable to access your account, reach out to Fairmoney’s customer support for further assistance.
  3. Account verification issues: Fairmoney may require additional verification steps to ensure the security of your account. If you encounter any difficulties during this process, contact their customer support for guidance.
  4. Direct debits and recurring payments: If you have any direct debits or recurring payments linked to your Fairmoney account, make sure to cancel or transfer them to another account before closing your Fairmoney account. This will prevent any disruptions to your financial obligations.
  5. Account balance: Before closing your account, ensure that you have withdrawn any remaining funds. Failure to do so may result in delays or complications during the account closure process.
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By addressing these common reasons for difficulty closing a Fairmoney account, you can ensure a smoother experience and successfully close your account as desired.


How do I delete my loan account?

To close or delete your FairMoney loan account, you typically need to repay the outstanding loan amount in full. Once your loan is paid off, you can contact FairMoney’s customer support through the app or their official website to request the closure of your account.

How do I stop my loan app from accessing my bank account?

You can usually revoke the app’s access to your bank account through your banking app or settings. Navigate to your bank’s mobile banking app or website, go to settings or permissions, and manage the connected apps. This allows you to remove access for the loan app.

What happens if I don’t pay FairMoney?

If you fail to repay your FairMoney loan on time, you may incur late fees and interest charges. FairMoney may also report your non-payment to credit bureaus, which can negatively affect your credit score. Additionally, they may employ debt collection practices to recover the outstanding amount.

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Does FairMoney call your contacts?

Some loan apps, including FairMoney, may request access to your contacts as part of their verification process or to facilitate communication regarding loan repayment. However, they typically do not call your contacts without your permission.

How do I remove my information from FairMoney?

To remove your information or close your account with FairMoney, follow these steps:

  • Repay any outstanding loans.
  • Contact FairMoney’s customer support through the app or their official website.
  • Request the closure of your account and the removal of your personal information.

Remember that policies and procedures may vary among different loan apps, so it’s essential to review FairMoney’s terms and conditions and reach out to their customer support for specific guidance on account closure and data removal.


In closing, managing your Fairmoney account doesn’t have to be a complicated process. Whether you’re dissatisfied with the service, have changed your financial goals, or simply want to simplify your finances, closing, deleting, or deactivating your Fairmoney account can be done easily by following a few simple steps.

If you encounter any difficulties during the closure process, don’t hesitate to reach out to Fairmoney’s customer support for assistance. They will be able to guide you through any challenges you may face.

By following these steps and addressing any potential roadblocks, you’ll be able to successfully close, delete, or deactivate your Fairmoney account and easily manage your finances according to your needs and preferences.

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