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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 account — POS, business banking, payroll.

Biggest business payment platform for Africa. Free business account, instant POS settlement. 2M+ merchant.

ABOUT Moniepoint

Bank profile · we don verify am

Moniepoint na Digital bank (CBN license, NDIC dey insure am) wey dem start for 2015 (11 years ago), and na Moniepoint Inc dey operate am. For 2026 e dey serve about 15M+ customers.

Dem start am: 2015 · 11 years dey serve Nigerians
Owner company: Moniepoint Inc
Customer base: 15M+
Bank type: Digital bank (CBN license, NDIC dey insure am)
Website: moniepoint.com

HEAD OFFICE

Moniepoint headquarters

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

See am for OpenStreetMap →Get direction →

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 YEARLY COST

at typical use

If you dey do 20 transfer, 4 other-bank ATM visit, and 30 SMS alert every month:

Moniepoint₦2,400/year

This na the cheapest for the tracked banks at this usage pattern.

Compare with all 23 bank →

HOW TO OPEN ACCOUNT

Time to open: 5 minute · Online through app

BVN
Bank Verification Number. Get one for any bank branch if you no get.
Nigerian phone number
For OTP verification during signup.
Live selfie
Facial verification — dem match am against BVN photo.

UNIQUE FEATURES

Largest Nigerian POS network

Moniepoint na the market leader for POS terminal for Nigeria — 1M+ active POS terminal across the country.

MFB status

Moniepoint get Microfinance Bank licence — dem fit take deposit and lend. Full CBN regulation dey back am.

SME lending

Loan from ₦50K to ₦5M for small business. Application through Moniepoint app with 24-hour decision.

Business banking focus

Moniepoint dey target small business and merchant 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 →

QUESTIONS PEOPLE DEY ASK PASS

Answer about Moniepoint

Wetin be Moniepoint transfer charges?

bankingDetail.faqTransferA

Wetin be Moniepoint savings account interest rate?

Moniepoint dey pay 4%–4% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.

Where Moniepoint head office dey?

Moniepoint headquarters dey at Ojomu Anifowoshe Estate, Lekki Phase 1, Lagos, Lagos, Nigeria.

NDIC dey insure Moniepoint?

Yes. Deposit for Moniepoint dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦5,000,000 per depositor per bank.

How I fit contact Moniepoint customer service?

Website: moniepoint.com. Phone: —. Head office visit: 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	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 ₦1M dey grow faster — savings or NGX stock?

IN RICE BAGS

₦2,400 = 0.0 bags rice

Yearly banking charge for Lagos market term.

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