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 receive money) with Moniepoint app? Then you’ve come to the right place.

Gone are the days of waiting in long lines at the bank to carry out financial transactions like deposits, transfers, or receiving funds. 

Thanks to technology and online banking services like Moniepoint, you can now perform these transactions from the comfort of your own home, office, or school within seconds.

In this article, we will guide you through the step-by-step process on how to open Moniepoint account/ how to make payments (send and receive money) with Moniepoint app.

Let’s begin by talking about Moniepoint Microfinance Bank.

Overview of Moniepoint

Moniepoint is a technological financial platform that offers online-based financial services such as sending and receiving money, buying airtime and data bundles

As well as grants and loans, to individuals and businesses regardless of their location. 

It is a community-based bank powered by Moniepoint MFB Limited and is duly licensed by the Central Bank of Nigeria (CBN). Moniepoint was founded by Tosin Eniolorunda and Felix from TeamApt, a top fintech company in Nigeria.

The Moniepoint account is the easiest, fastest, and most straightforward money management app available. 

With this app, you can send, receive, purchase, and manage your account and transactions. It also offers the option to track your income, expenses, and budgets.

Before we discuss how to open Moniepoint account/ how to make payments (send and receive money) with Moniepoint app, it is essential to have the app installed on your mobile device, tablet, or laptop. 

The app ensures smooth transaction procedures without any network glitches or website collapses.

So, let’s discuss how to download the Moniepoint App

How to Download Moniepoint App

Before we delve into  to open Moniepoint account/ how to make payments (send and receive money) with Moniepoint app, you need to have downloaded the app on your device. 

Here is a comprehensive approach to downloading the Moniepoint app on your phone:

1) For Android Users:

•  Open the Google Play Store app on your mobile device.
• Make sure you have an internet connection.
• Go to the search bar at the top of the home screen with a search icon beside it.
• Enter “Moniepoint App” in the search bar and click on the search button/icon.
• Locate the original Moniepoint app by checking the app icon and image.
• Once you’ve found the app, click on it and press “Download” or “Install” depending on the options available.

2) For iPhone Users:

•     Open the App Store on your iPhone.
•     Make sure you have an internet connection.
• Go to the search tab at the bottom of the screen.
• Type “Moniepoint App” in the search bar and tap the search button.
• Look for the original Moniepoint app by checking the app icon and image.
• Once you’ve found it, tap on it and press “Get” or the download button.

How To Open Moniepoint Account: Step by Step

With the app downloaded, you can now proceed to open your Moniepoint account. 

• Open the Moniepoint app or website.
•  If you’re a new user, you’ll be prompted to provide your valid email address and phone number.
• Note that the email address and phone number must not have been used or linked to any other Moniepoint account.
• Next, you’ll need to provide your personal information accurately, as this will be used to verify your account.
•  You’ll receive a one-time password (OTP) on the phone number you provided. This is for the verification process.
• After that, you’ll be asked to provide your Bank Verification Number (BVN) from your previous bank account(s).
• Complete the KYC (Know Your Customer) verification process. Here, you’ll need to provide a government-issued ID card, international passport, or driver’s license.
• Once the KYC process is complete, you’ll be presented with an option to select a username and password. Make sure your password is kept secret and not shared with anyone to prevent unauthorized transactions.
•  Finally, link your bank account to your Moniepoint account. This will enable smooth and effective funding of your wallet and other necessary transactions.
• Fund your account and you’re all set to enjoy the wide range of convenient, efficient, and reliable services that Moniepoint offers.

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

Now that you have an active Moniepoint account, you can conveniently make payments, send and receive money using the Moniepoint app.

How to make payments and send money

1. Open the Moniepoint app: Launch the app on your device.

2. Login and ensure your account is funded: Enter your login credentials to access your account. Make sure you have sufficient funds in your Moniepoint wallet.

3. Locate the “Send money” feature: On the app’s homepage, look for the “Send money” feature. 

It is usually represented by an icon or a labeled button. Tap on it to proceed.

4. Provide recipient’s details: Enter the recipient’s account number carefully to ensure accuracy. 

Double-check the name associated with the provided account number for confirmation.

5. Enter and confirm the amount: Specify the amount you want to send and review the transaction details.

6. Confirm the transaction: Carefully verify the recipient’s account number, account name, bank name, and the amount to ensure accuracy. 

Once you’re sure of the details, proceed to confirm the transaction.

7. Notify the receiver: After completing the transaction, notify the recipient of the successful transfer. 

It’s recommended to take a screenshot of the “transaction success” notification and send it to the recipient as evidence.

How to Receive money with your Moniepoint account 

1. Moniepoint App: Share your Moniepoint account number or QR code with the sender if they’re also a Moniepoint user. 

This method ensures instant transactions.

2. Locate an Agent: If you prefer in-person transactions or aren’t familiar with the app’s user interface, find a Moniepoint agent near you. 

Provide them with your Moniepoint account number or QR code, and they will initiate the deposit into your account on your behalf.

3. Transfers from other banks: Give your Moniepoint account number to someone who wants to send money to your account from another bank. 

Once they initiate the transaction, you will receive a credit alert notification in your Moniepoint account.

Final Note on  to open Moniepoint account/ how to make payments (send and receive money) with Moniepoint App

Opening a Moniepoint account and making payments with the Moniepoint app is a seamless, effective, and convenient way to manage your finances. 

We have analysed  to open Moniepoint account/ how to make payments (send and receive money) with Moniepoint app easily in this guide. 

Follow the outlined steps to get started and enjoy the benefits of quick transactions and flexibility.

FAQs about How to Open Moniepoint Account/How to Make Payments (Send and Receive Money) with Moniepoint App

How do I download and install the Moniepoint app?

To download and install the Moniepoint app on your device, follow these simple steps:

– Go to your device’s app store (Google Play Store or Apple App Store).

– Search for “Moniepoint” in the search bar.

– Click on the Moniepoint app from the search results.

– Tap on the “Install” or “Get” button to download and install the app on your device.

– Once the installation is complete, open the app and follow the on-screen instructions to register and create your Moniepoint account.

Can I use Moniepoint to pay bills or make utility payments?

Yes, with the Moniepoint app, you can conveniently pay bills and make utility payments. Here’s how:

– Open the Moniepoint app and log in to your account.

– Navigate to the “Payments” or “Bill Payment” section.

– Select the type of bill or utility payment you want to make (e.g., electricity, water, internet).

– Enter the required details, such as the account number or customer ID for the bill.

– Confirm the payment details and proceed to complete the transaction.

– You will receive a notification once the payment is successful, and the bill will be marked as paid.

Is it safe to link my bank account to the Moniepoint app?

Yes, it is safe to link your bank account to the Moniepoint app. Moniepoint follows strict security measures to protect your financial information. 

Here’s how you can link your bank account:

– Open the Moniepoint app and log in to your account.

– Go to the “Profile” or “Settings” section.

– Select “Add Bank Account” or “Link Bank Account.”

– Follow the instructions to provide your bank account details securely.

– Once linked, you can easily transfer funds between your Moniepoint account and your linked bank account.

What should I do if I forget my Moniepoint app password?

If you forget your Moniepoint app password, you can reset it by following these steps:

– On the app’s login screen, click on the “Forgot Password?” or “Reset Password” option.

– Enter the email address or phone number associated with your Moniepoint account.

– You will receive instructions on how to reset your password via email or SMS.

– Follow the provided instructions to create a new password for your Moniepoint app account.

– Once done, you can log in to your account using the new password.

Can I use Moniepoint to send money internationally?

As of now, Moniepoint focuses primarily on domestic money transfers within Nigeria.

 It does not support international money transfers. 

However, Moniepoint continuously updates its services, so it’s recommended to check for any new features or updates regarding international transactions directly within the app or on their official website for the latest information.