Moniepoint — review & details

In Bank accounts · By the Rateweb editorial team · How we rate · Details checked 18 Jul 2026

A licensed microfinance bank known for rock-solid transfers and the largest POS/agent network — strong personal and business accounts. On a CBN national licence (2026).

Best for business & agents

Moniepoint

A licensed microfinance bank known for rock-solid transfers and the largest POS/agent network — strong personal and business accounts. On a CBN national licence (2026).
★★★★☆
4.2/5 · How we rate
None on personal
Monthly Fee
Low flat fee; reliable at scale
Transfers
CBN national licence (MFB, 2026)
Licence
NDIC-insured
Deposit Safety
Small business + POS/agents
Best For
digital
Type
Pros
  • Reliable transfers even at peak load
  • Excellent for small business, POS and agents
  • CBN national licence; deposits NDIC-insured
Cons
  • App/agent-led rather than branch banking
  • Fewer lifestyle features than rivals
  • MFB insurance caps below a commercial bank
Fees, eligibility & documents
Fees
Monthly maintenanceNone on personal
TransfersLow flat fee
Statutory levy₦50 EMTL on inflows of ₦10,000+
Eligibility
  • 18+ (limits apply by KYC tier)
  • Valid Nigerian ID
  • BVN and/or NIN
Documents needed
  • Valid ID (NIN, passport, driver's licence or voter's card)
  • BVN
  • Proof of address (utility bill) for a full-tier account
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How Moniepoint compares in bank accounts

Moniepoint scores 4.2/5 in our bank accounts rankings. Our current top pick is Opay (4.3/5). Always compare a few before you decide — see the full bank accounts comparison.

Moniepoint
4.2/5 · this page
 Opay
4.3/5
 Kuda
4.2/5
Monthly Fee None on personal None None
Transfers Low flat fee; reliable at scale Free (fair-use limits apply) Free monthly allowance, then a small fee
Licence CBN national licence (MFB, 2026) CBN national licence (Jan 2026) CBN microfinance bank
Deposit Safety NDIC-insured NDIC-insured NDIC-insured (to ₦2m, MFB)
Best For Small business + POS/agents Free transfers + agent cash-out App-first budgeting
Visit Moniepoint → Visit Opay → Visit Kuda →

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Details last checked: July 2026

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