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BANKING · QUARTERLYas of 2026-07-28

Moniepoint: USSD Code, Transfer Charges, SWIFT Code & Rates

Digital bank · Moniepoint · ₦5M NDIC coverage

AT A GLANCE

SWIFT

—

USSD

—

Savings rate

4–4%

Fixed deposit

—

WHY THIS BANK

Best for business accounts — POS, business banking, payroll. Licensed bank since 2023.

Africa's largest business payments platform. Free business accounts, instant POS settlement. 2M+ active merchants.

ABOUT Moniepoint

Bank profile · verified

Moniepoint is a Digital bank (CBN-licensed, NDIC-insured) founded in 2015 (11 years ago), operated by Moniepoint Inc. As of 2026 it serves approximately 15M+ customers.

Founded: 2015 · 11 years serving Nigerians
Parent company: Moniepoint Inc
Customer base: 15M+
Bank type: Digital bank (CBN-licensed, NDIC-insured)
Website: moniepoint.com

HEAD OFFICE

Moniepoint headquarters

Address: Ojomu Anifowoshe Estate, Lekki Phase 1, Lagos, Lagos

View on OpenStreetMap →Get directions →

CHARGES

CBN-regulated · effective May 2026

Transfer <₦5,000

FREE

Transfer ₦5,000–₦50,000

₦10

Transfer >₦50,000

₦50

SMS alert

FREE

Email alert

FREE

ATM card issuance

₦1,500

ATM card maintenance· scrapped May 2026

FREE

Virtual card

FREE

Current acct maintenance· ₦0 from 2027

₦0.5/₦1,000

Hardware token

₦2,500

Min opening balance

₦0

NDIC coverage

₦5M NDIC coverage

TRUE ANNUAL COST

at typical usage

If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:

Moniepoint₦2,400/year

This is the cheapest of the tracked banks at this usage pattern.

Compare with all 23 banks →

HOW TO OPEN AN ACCOUNT

Time to open: 5 minutes · Online via app

BVN
Bank Verification Number. Get one at any bank branch if you don't have one.
Nigerian phone number
For OTP verification during signup.
Live selfie
Facial verification — matched against BVN photo.

UNIQUE FEATURES

Largest Nigerian POS network

Moniepoint is the market-leading POS terminal provider in Nigeria with 1M+ active POS terminals across the country.

MFB status

Moniepoint has a Microfinance Bank licence — allows deposit-taking and lending. Backed by full CBN regulation.

SME lending

Loans from ₦50K to ₦5M for small businesses. Application via the Moniepoint app with 24-hour decision.

Business banking focus

Moniepoint targets small businesses and merchants rather than pure retail — most-used business banking platform.

APP RATINGS & CONTACT

iOS rating

4.4 / 5

Android rating

4.2 / 5

Lagos branches

Lagos ATMs

moniepoint.com →

FREQUENTLY ASKED QUESTIONS

Answers about Moniepoint

What are Moniepoint's transfer charges?

bankingDetail.faqTransferA

What is Moniepoint's savings account interest rate?

Moniepoint pays 4%–4% per year on savings account balances (as of 2026). Actual rate depends on balance tier and account type.

Where is Moniepoint's head office located?

Moniepoint's headquarters is at Ojomu Anifowoshe Estate, Lekki Phase 1, Lagos, Lagos, Nigeria.

Is Moniepoint NDIC-insured?

Yes. Deposits at Moniepoint are insured by the Nigeria Deposit Insurance Corporation (NDIC) up to ₦5,000,000 per depositor per bank.

How can I contact Moniepoint customer service?

Website: moniepoint.com. Phone: —. Head office visits: Lekki Phase 1, Lagos.

COMPARE WITH OTHERS

Feature	Moniepoint	Kuda	GTB
SMS fee	FREE	FREE	₦4
Transfer ₦5K-₦50K	₦10	₦10	₦10
Savings rate	4%	12%	4%
NDIC	₦5M	₦2M	₦5M
App rating (iOS)	4.4/5	4.5/5	4.8/5
Yearly cost	₦2,400	₦2,400	₦3,840

SAVINGS vs STOCKS

4% vs NGX +55% YTD

Where does your ₦1M grow faster — savings or NGX stocks?

IN RICE BAGS

₦2,400 = 0.0 bags of rice

Annual banking charges in Lagos market terms.

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