Moniepoint is an innovative fintech company that provides digital banking and payment solutions in Nigeria. In this detailed guide, we will discuss the step-by-step process to get a Moniepoint ATM card, debit card and account number so you can start enjoying their convenient services.
What is Moniepoint?
Moniepoint is a licensed deposit-taking financial institution that offers basic banking services digitally via their mobile app. They aim to promote financial inclusion by making account opening and funds transfer processes fast, affordable and accessible to everyone in Nigeria.
Am I Eligible to Open a Moniepoint Account?
To be eligible to use Moniepoint account, you need to meet up with the following criteria
- Be a resident of Nigeria with a valid ID (international passport, driver’s license or national ID card)
- Be at least 18 years old
- Have a valid Nigerian phone number
- Not be listed on any financial crime watchlist
As long as you meet these criteria, you can easily sign up for a Moniepoint digital bank account from anywhere in Nigeria.
How to Get Started with Moniepoint Account Registration
Here are the step-by-step instructions to register for a Moniepoint account
1. Download the Moniepoint mobile app from the Google Play Store or Apple App Store.
2. Open the app and select “Create an account”
3. Enter your valid phone number and choose a strong password for your account.
4. You will receive an OTP (one-time password) via SMS. Enter it to verify your number.
5. Upload clear photos/scans of your valid ID and a selfie as required by KYC (Know Your Customer) regulations.
6. Provide your biodata like name, date of birth etc. as asked on the app.
7. Read through the terms and conditions and accept them by checking the box.
8. Your Moniepoint account will be instantly created once your details are verified.
The entire registration process takes only 5-10 minutes to complete remotely on your phone.
How to Link Your Bank Account to Moniepoint
Once your Moniepoint account is created, follow these steps to link your existing bank account:
1. Go to the “Link Account” section within the app.
2. Select your bank from the list of supported banks.
3. Enter your bank account number andVerification Code.
4. You will receive an OTP on your registered phone number.
5. Input the OTP to verify and link your bank account.
6. Your bank will be successfully linked to make deposits, transfers etc.
Make sure the account number you enter is correct to avoid facing issues later on. You can link as many bank accounts as you want.
Now that your bank account is linked, you can start using your Moniepoint wallet. Ideally start with a minimum of ₦1000 to activate your account and linked debit card functions. All deposits are instantly credited to your e-wallet.
How to Activate & Use Your New Moniepoint Debit Card
Let’s summarize the key steps after receiving your Moniepoint debit card
1. Go to moniepoint.com or open the app after receiving the card.
2. Click “Card Activation” and enter your MP login details.
3. Set a 4-digit ATM PIN number for cash withdrawals.
4. The card is now activated for payments and ATM access across Nigeria.
5. Check your card balance and transaction history regularly within the app.
6. Use the card to make both online and in-store payments via Mastercard network.
7. Withdraw cash from any ATM by inputting the PIN you created.
8. Report any issues promptly via in-app chat/call center for assistance.
9. Your card limits can be customized as per requirements within the app security settings.
I’ve been using my Moniepoint debit card for the past 6 months and it works smoothly just like a regular bank card. Transactions are reflected instantly too.
Frequently Asked Questions
How can I get my account number with my ATM card?
The number printed prominently on your debit or ATM card is not your bank account number. The 16-digit number on the front of the card is the debit card number, which is unique to that card and links it to your bank account, but is not the actual account number.
To find your bank account number, look on your bank statements, either online or paper statements. The account number is typically printed at the top of each statement.
Conclusion
In conclusion, Moniepoint provides a very convenient, secure and affordable digital banking solution for Nigerians. It takes just 10 minutes to sign up and get started. With the Mastercard debit card, you can now manage your finances on the go and make transactions seamlessly. I hope this detailed guide helped you understand the simple steps to set up your Moniepoint account and start using their excellent services. Feel free to comment below if you need any clarification on the process.
