Moniepoint Signup and Registration: How to open Moniepoint Account, How to make Payments (Send and Recieve Money) with Moniepoint App

Are you looking for a guide on How to open Moniepoint account/How to make payments(send and recieve money) with Moniepoint app? Then read this.

The days of queue on line to make financial transactions (such as deposit, transfer, or receiving of funds) is No more.

With the advent of technology and online-banking service provider such as Moniepoint, you can stay in your Comfort zone (House, office or school) and perform transactions across the country within seconds.

Assuming you have just an hour to meet up with the deadline of your child’s hospital bill or school fees, or even your house rent, which of this options would you rather choose:

 To join a long queue in the physical bank, under the sun or use a more effective, fast, and stress free system ?

I’m sure you know the answer already.

In this Article, you will be learning the step-by-step approach on How to open Moniepoint account/How to make payments(send and recieve money) with Moniepoint app

Additionally, you will also get to learn how to send And receive mine using the Moniepoint Business App.

About Moniepoint Microfinance Bank

Moniepoint is Technological financial platform that provides online-based financial services such as (sending and receiving money, Buying of Airtime and Data bundles, Grants, and loans) to individuals and businesses irrespective of their location.

Moniepoint is a community-based bank powered by Moniepoint MFB Limited.

It is Microfinance bank duly licensed by the Central Bank of Nigeria (CBN). 

Moniepoint is a mobile money agent and fintech company founded by Tosin Eniolorunda and Felix in 2015TeamApt, a top fintech company in Nigeria created in 2019, whose CEO is Tosin Eniolorunda

Noniepoint Inc. formerly known as TeamApt Inc focus on providing financial solutions for businesses.

Moniepoint account is the easiest, fastest, most straightforward money management app you can use in the app store.

You can send, receive, purchase, and maintain your account and transactions on this app.

It also gives you the option to track your income expenses and budgets.

Why You Should Open A Moniepoint Account

Before we discuss, How to open Moniepoint account/How to make payments(send and receive money) with Moniepoint app, let’s discuss the benefits and uses of having a Moniepoint account 

1) Fast and Reliable Services

One of the benefits of having a personal moniepoint account is the ability to enjoy a strong and fast network that makes your transaction so seamless, effective and convenient.

Because, you wouldn’t want a situation where you make a transaction and get debited, but your recipient finds it hard to receive the fund in his/her account.

That could be a very frustrating and daunting scenario.

Moniepoint got you covered from that Hassle leveraging on their fast, reliable, and constant network service.

2) Zero- Fee charges on transaction

unlike other bank service providers that charge a lot by making transactions on their platform. 

Moniepoint Customers and users are entitled to zero-fee transfer charges on every transaction made either on their website or app or by using their USSD code.

3) Security

Moniepoint is a highly secured financial institution. It’s services are insured by the Central bank of Nigeria (CBN) and the Federal Government of Nigeria ( FGN).

 They priotize their customer’s money and personal information such as biometrics, email, and phone number(s).

Again, they have a wide range of technical staffs that takes cares of the efficiency and flow of network while using the platform.

Services Offered by Moniepoint

1) Account Statement.

With the help of the moniepoint app, you can access and print your transaction history for the day, week, month or for the year.

2) Data and airtime Purchase.

The moniepoint App also comes with a feature for purchasing data and airtime at a discount rate.

This is another for anyone in the data vendor business to earn some amount of money by leveraging on the platform for data re-sell.

3) Transfer to other banks.

Moniepoint App is so efficient that it also allows transfer of funds to other banks other than moniepoint.

Some of which includes GT bank, Access bank, First bank, Zenith bank, Union bank, etc.

4) Customer Support.

Moniepoint also offers customer support services to its customers in the case of any difficulties or glitch in transaction.

The customer care representatives can be accessed through various channels like social media, Email and phone number.

How To Download And Use The Moniepoint App

Before opening a Moniepoint account, it is very necessary to have the App on your phone, Tablet, or your laptop.

Because, the App will make your transaction procedures smooth without any network glitch or website collapse.

Below is a comprehensive approach to downloading a Moniepoint App on your phone.

• Open the Google play store app on your mobile device (mobile phone users) and App store (for iPhone users).
• Make sure you have an Internet Connection.
• Go to the Search bar space at the top of the home screen: that has a search icon beside it.
• Enter “Moniepoint App” on the bar space and Click on the search button/icon beside it and wait for it to process.
• Once it brings out the result, carefully locate the original moniepoint App by simply looking at the Icon and image.
• Having recognize the Moniepoint App, click on it and press “Download or install” depending on the option available.

Congratulations, you’ve successfully downloaded the Moniepoint business App and the next thing is to go ahead and open your personal account.

What You Can Do with Moniepoint Mobile App

Before we talk about How to open Moniepoint account/How to make payments(send and recieve money) with Moniepoint app, here are some of the things you can do with Moniepoint Mobile App

 

Unlike other mobile- banking that has limits to the service they provide. 

Moniepoint offers range of financial based services to their customers at a zero-cost.

Some of the services in includes but not limited to:

1) Account Opening

The Application provides an effective way on how to open a moniepoint account with it’s simplified process and from anywhere you are without visiting a physical bank.

 

2) Transaction.

Moniepoint offers transaction services such as sending and receiving money, Top-up airtime, bills payment.

 

3) Grants and Loans.

Apart from sending and receiving money, Moniepoint also gives out loan and grants to individuals and businesses out there in order to scale-up their various business.

 

4) Savings.

Again, here is another critical service that moniepoint offers.

With the help of Moniepoint banking, you can save your money for as long as you want without getting scared of maintance or unecesaary  charges.

Moniepoint Signup and Registration: How To Open A Moniepoint Account

In this section, you will be provided with a well-detailed step-by-step process on How to open Moniepoint account/How to make payments(send and recieve money) with Moniepoint app

To open this Account, you must carefully follow the steps below:

• Now, you’ve downloaded the Moniepoint App on your mobile device ( This is available for both android and iPhone users).

If you don’t have the App already installed on your phone, No worry- you can simply click atm.moniepoint.com to quickly access the website and still follow the same process outlined below.

 

• Open the App/website. As a new user you will be required to input your valid email address and phone number.

 

NOTE: The email address and phone number provided must not have been used or linked to any other Moniepoint Account

 

• Next is to provide a “Personal information”

While doing this, please provide accurate information about yourself as they will used in verifying your account.

 

• A one-time-Password (OTP) will be sent to the (phone number) you provided.

This will aid in verification process. After that, you’ll be asked to provide your Bank Verification Number ( BVN) which was gotten for your previous bank account(s).

 

• Complete the KYC verification process.

The Know-your-customer (KYC) option is a very important aspect of your account opening. Here, you will be required to provide any form of government-issued ID card, International Passport, or driver’s license.

 

• Once this is done, You will be presented with an option to select a username and password which you can use to access your profile at anytime.

WARNING: You password should be a secret number kept away from the public or a third party.

This will prevent future unauthorized  transaction in your account.

 

• Link your Bank Account To Your Moniepoint Account.

Linking your moniepoint account withyour  bank account will provide a smooth and effective way of funding your wallet and perform any other necessary transaction.

 

• Kindly go ahead to fund your Account.

Congratulations, you’ve now opened a Moniepoint Account and you are set to enjoy the wide range of convenient, efficient and reliable services that moniepoint offers.

How To Make Payments (Send And Receive) With Moniepoint App

In the previous sections, we’ve shown you how to navigate the moniepoint app by opening your account and the verification.

Here, you will be exposed to a detailed process on How to open Moniepoint account/How to make payments(send and recieve money) with Moniepoint app

 

To send money to your family members, friends, colleague or fellows, kindly follow the steps below:

• Open your moniepoint app.
• Login to your account and make sure it has already been funded.
• Locate the “Send money” feature on the App’s homepage. this is usually represented by an icon or a simple labeled button.
• Provide the recipient’s Details: you’ll be required to provide the recipient account’s number.

Once this is done, the Name of on the account number provided will display for confirmation.

NOTE: Confirm the Account Number and name well before proceeding to the next stage, in order to avoid transaction diversification.

 

• Enter and confirm the Amount.
• Review the details.

At this stage, you should carefully confirm the recipient’s account number, account name, bank name and the amount appropriately.

• Proceed to Confirm the transaction and notify your receiver of the success.

NOTE: For evidence purpose, take a screenshot of the “transaction success” notification and send to your recipient- so that he/she can also confirm it.

How To Receive Money With Your Moniepoint Account

Receiving money from moniepoint is such an easy and flexible way.

Moniepoint offers a wide range of options for receiving money.

In this section, you will get a comprehensive guide to receiving money through your moniepoint account.

1) Moniepoint App

This is the most efficient and smart way to receive money through your moniepoint app.

Here, you will share your moniepoint account number or QR code with the sender (If he/she is also a moniepoint user).

This is the quickest and most efficient method as it fosters instant transaction.

2) Locate an Agent

This method is recommended to anyone who prefers in-person transaction or someone who isn’t friendly with the user interface of the App or website. 

Once you’ve locate an agent, kindly provide him/her with your moniepoint account number or QR CODE and ask for a deposit into your account.

The agent will initiate a transaction on your behalf or he can carefully scan the QR code and proceed with the next option.

With this method, you will receive your money even without using the moniepoint app.

This method will also be useful when you phone/mobile device has shut down.

3) Transferred from other banks

This is also another way to receive money into your moniepoint account.

This is done by giving out your moniepoint account number to another bank user to initiative the transaction.

Once this is done, you will receive a credit alert notification into your moniepoint account and from there- you can decide to fund your wallet and perform any other transaction.

Conclusion On How to open Moniepoint account/How to make payments(send and recieve money) with Moniepoint app

Banking with Moniepoint Can be so seamless, effective and convenient.

All you have to do is to just download the App and create your account using the detailed outline we’ve provided above.

When you are ready for a transaction, Just open the app and select the option that suits your current need whether to “Send money” Top-up- airtime, or buy data.

You will then receive a Notification of successful transaction within some seconds.

In this whole article, we’ve discussed vigorously on How to open Moniepoint account/How to make payments(send and recieve money) with Moniepoint app.

Frequently Asked Question About How To Open Moniepoint Account/How To Make Payments(Send And Recieve Money) With Moniepoint App

Which bank does moniepoint Accepts?

Moniepoint partners with various banks in Nigeria.

Some of which are not limited to First bank, Gt bank, Access bank, zenith bank, union bank, Polaris bank, keystone bank, e.t.c.

Is Moniepoint legalised in Nigeria?

Yes, infact Moniepoint banking is insured with the Federal Government of Nigeria (FGN) and the Central bank of Nigeria (CBN).

How do I open a Moniepoint account?

To open a Moniepoint account, follow these steps:

1. Download the Moniepoint app from your device’s app store.
2. Open the app and click on “Sign Up” or “Register.”
3. Provide your personal information such as your full name, phone number, email address, and a strong password.
4. Follow the on-screen prompts to complete the registration process.
5. Once registered, you can log in to your Moniepoint account using your phone number and password.

How can I send money using the Moniepoint app?

To send money using the Moniepoint app:

1. Log in to your Moniepoint account.
2. Tap on the “Send Money” or “Transfer” option.
3. Enter the recipient’s phone number or account number.
4. Input the amount you want to send.
5. Confirm the transaction details and proceed.
6. You may be asked to enter a transaction PIN or authenticate using a one-time password (OTP).
7. Once confirmed, the money will be sent to the recipient.

How do I receive money with the Moniepoint app?

Receiving money with the Moniepoint app is easy:

1. Ensure you have an active Moniepoint account.
2. Share your Moniepoint account number or registered phone number with the sender.
3. Wait for the sender to initiate the transfer using their Moniepoint app.
4. You’ll receive a notification once the money is credited to your account.

Can I link my bank account to the Moniepoint app?

Yes, you can link your bank account to the Moniepoint app for easy transfers and withdrawals. Here’s how:

1. Log in to your Moniepoint account.
2. Go to the “Profile” or “Settings” section.
3. Select “Add Bank Account.”
4. Follow the prompts to add your bank account details.
5. Once linked, you can transfer funds between your Moniepoint account and linked bank account.

What are the fees associated with using the Moniepoint app for transactions?

Moniepoint may charge nominal fees for certain transactions, such as transfers to other bank accounts or cash withdrawals. 

The fees may vary depending on the transaction type and amount. It’s advisable to check the app’s “Fees and Charges” section for the most up-to-date information on transaction fees. 

Additionally, some transactions within the Moniepoint ecosystem, like Moniepoint-to-Moniepoint transfers, may be free of charge.