How To Transfer Money On Moniepoint (App, USSD, And POS Terminal)

Moniepoint is one of Nigeria’s leading digital banking and payment platforms, serving both business owners and personal users. With thousands of agents nationwide and a reliable digital infrastructure, Moniepoint allows users to transfer money easily through multiple channels.

Whether you are using:

• The Moniepoint mobile app
• The *USSD code (5573#)
• Or the Moniepoint POS terminal

you can send money to any Moniepoint user or any Nigerian bank account securely and quickly.

This guide explains all available methods, step-by-step instructions, transaction charges, limits, and safety tips.

Methods to Transfer Money on Moniepoint

• You can send money on Moniepoint using three major methods:
• Moniepoint Mobile App (Internet required)
• Moniepoint USSD Code (5573#) – No internet needed
• Moniepoint POS Terminal (for agents and business owners)
• Each method is designed to work for different user needs and device types.

Step 1 – Transfer Money Using the Moniepoint Mobile App (Internet Required)

This method is suitable for personal users and business owners who use smartphones and have internet access.

Registration and Setup

• Before making a transfer, you must set up your account:
• Download the Moniepoint Personal Banking App from Google Play Store or Apple App Store
• Register with your BVN or NIN and phone number
• Create a secure login password
• Set up a 4-digit transaction PIN for security

Steps to Transfer Money Using the App

• Open the Moniepoint app and log in using your password or biometric authentication
• On the dashboard, tap Transfer
• Choose:
• Send to Moniepoint user (internal transfer) or
• Send to Bank Account (other Nigerian banks)
• Enter the recipient’s bank name, account number, and transfer amount
• The system will display the recipient’s name – confirm it carefully
• Enter your transaction PIN to complete the transfer
• You will receive a confirmation notification and transaction receipt

Step 2 – Transfer Money Using Moniepoint USSD Code (*5573#)

Moniepoint also provides a USSD banking service that works without internet connection. This method is perfect for users with feature phones or poor network access.

How to Transfer Money Using *5573#

• Dial *5573# on the phone number registered with Moniepoint
• Select Transfer from the menu
• Choose whether to send money to:
• A Moniepoint account
• Or another Nigerian bank
• Enter the recipient’s account number and amount
• Confirm the beneficiary name displayed
• Enter your 4-digit transaction PIN
• You will receive an SMS confirming the transaction

Direct USSD Transfer Shortcuts

• For faster transactions, use these formats:
• Transfer to Moniepoint user:
• Dial: *5573*1*Amount*AccountNumber#
• Transfer to other banks:
• Dial: *5573*2*Amount*AccountNumber#

Note:

A small service fee (usually around ₦10) may apply to USSD transactions depending on network and bank policy.

Step 3 – Transfer Money Using Moniepoint POS Terminal

Business owners and agents can send money directly from their Moniepoint POS terminal.

Steps to Transfer Using POS Terminal

• Power on the POS terminal and log in with your agent credentials
• Select Transfer or Send Money from the main menu
• Choose the destination bank (Moniepoint or other Nigerian bank)
• Enter the recipient’s account number and transfer amount
• Confirm recipient details
• Enter your transaction PIN
• Print or save the transaction receipt
• This method is ideal for agents handling customer withdrawals and business payments.

Transaction Limits and Charges on Moniepoint

Transaction Limits

• Transaction limits depend on your account verification level:
• Basic users have lower daily limits
• Fully verified users enjoy higher transfer limits
• Business accounts have higher thresholds

Charges

• App transfers are often free or low-cost
• USSD transfers attract small service fees
• POS transfers may include standard processing charges

Security Tips When Transferring Money on Moniepoint

• To keep your account safe:
• Never share your transaction PIN
• Always confirm the recipient’s name before sending
• Use strong passwords
• Avoid using public Wi-Fi for transactions
• Report failed or suspicious transactions to Moniepoint support immediately

Common Problems and Solutions

Wrong Account Number: Always double-check details before confirming transfers.

Network Failure: Retry when network is stable or use USSD instead.

Delayed Transaction: Wait for confirmation SMS or check transaction history in the app.

Frequently Asked Questions (FAQs)

Can I transfer money without internet on Moniepoint?

ANS: Yes. Use the USSD code *5573# to transfer money offline.

Is Moniepoint transfer instant?

ANS: Most transactions are processed instantly.

Is there a fee for Moniepoint transfers?

ANS: Some channels (especially USSD) attract small charges.

Can I transfer to other banks?

ANS: Yes. Moniepoint allows transfers to all Nigerian banks.

Moniepoint offers flexible and secure ways to transfer money using its *mobile app, USSD code (5573#), and POS terminal. Whether you are a business owner or a personal user, these options ensure you can send money anytime, anywhere.

By following the steps in this guide and observing security precautions, you can enjoy smooth and reliable transactions with Moniepoint.