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How to Open a Moniepoint Account and Make Payments (Send and Receive Money) with Moniepoint App

Have you ever think about it that every second spent figuring out stressful payment systems could be better utilized elsewhere?. So, the burning question remains how can we tackle these challenges and take control of our financial lives? First, say good bye to financial frustration because in this article, I will provide you with how to open a Monie point account, make necessary payment. 

Are you ready? Let’s go. 

How to Open a Moniepoint Account

If you’re new to Moniepoint, the first step is to open an account, which provides you with access to its seamless financial services. Follow these steps to get started:

Download and Install the Moniepoint App

1. Visit your device’s app store, whether it’s the Apple App Store for iOS devices or the Google Play Store for Android devices.

2. In the search bar, type “Moniepoint” and look for the official app developed by the Moniepoint team.

3. Once you’ve located the app, click the “Install” button to download and install it on your device.

How to Register on Monie point app

To register on the Monie point app, kindly follow me while I show you 10 practical steps, easily and convienetly below. 

  1. Launch the Moniepoint app after installation.
  2. Click on the “Register” or “Sign Up” button to initiate the registration process.
  3. Provide the required information, including your full name, phone number, email address, and a secure password.
  4. Agree to the app’s terms and conditions, then click “Next” or “Continue.”
  5. A verification code will be sent to the phone number you provided. Enter this code in the app to verify your phone number.
  6. Some additional information may be required to verify your identity. Follow the prompts and provide accurate details.
  7. For added security, set a unique 4 to 6-digit PIN that you’ll use to access your Moniepoint account.
  8. Choose security questions and provide answers that will be used to recover your account if needed.
  9. To fully utilize Moniepoint’s features, you’ll need to link your bank account to the app.
  10. Enter your bank account details accurately. This includes your account number, account name, and bank’s name.
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How to Make Payments (Send and Receive Money) with Moniepoint App

Moniepoint offers a convenient way to make payments and transfer money to friends, family, or businesses. Here’s how to do it:

Fund Your Moniepoint Wallet

Before making payments, ensure you have sufficient funds in your Moniepoint wallet. You can fund your wallet by transferring money from your linked bank account to your Moniepoint account.

How to Make Payments on moniepoint app

Thanks for reading to the middle of the article. 

  • Launch the Moniepoint app and log in using your PIN.
  • From the app’s home screen, locate and click on the “Send Money” or “Make Payment” option.
  • Enter the recipient’s phone number or select a contact from your phonebook.
  • Input the amount you wish to send and add a brief description (optional).
  • Review the payment details and click “Send” or “Confirm.”

How to Receiving Money on Moniepoint app

When someone sends you money through Moniepoint, you’ll receive a notification. Open the Moniepoint app and log in to your account. From the notification or home screen, click on the incoming transaction to view the details. Then click on accept, the money will automatically be added to your Moniepoint wallet.


Opening a Moniepoint account and making payments, as well as sending and receiving money through the app, has never been this easier. By following the steps outlined in this guide, you can harness the power of Moniepoint to simplify your financial transactions. Thanks for reading. 


Can I use MoniePoint for personal use?

Yes, you can use MoniePoint for personal use. Moniepoint Personal Banking is a new product that allows individuals to make transfers, pay bills, and buy airtime. You can also get a debit card that can be used at ATMs, POS terminals, and online.

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What is the daily limit for Moniepoint PoS?

The daily limit for Moniepoint POS depends on the type of transaction and the account holder’s KYC level.

  • Cash withdrawal: The maximum cash withdrawal via point of sale (PoS) terminals is N20,000 daily.
  • Money transfer: The maximum money transfer limit is N25 million cumulative daily for business owners with full KYC. Business owners with pending KYC have N900,000 as the maximum limit per POS Transfer and N5 million daily cumulative.
  • Bill payment: There is no limit on the amount of money that can be used to pay bills via Moniepoint POS.

You can increase your transaction limit by contacting your Moniepoint Business Relationship Manager.

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