Sending money from your Moniepoint account does not require visiting a bank branch. You can make a transfer directly from the Moniepoint app, either to another Moniepoint account or to an account with another Nigerian bank.

Moniepoint also provides a USSD option for customers who have activated the service, making it possible to transfer money when mobile internet is unavailable.

Here is how to use both methods.

Read also: Moniepoint USSD Code: *5573# for Transfer, Balance & More

How to Transfer Money on the Moniepoint App

The Moniepoint app is the simplest option if you have an internet connection and can access your account.

Follow these steps:

1. Open the Moniepoint app and log in.
2. Tap Transfer.
3. Enter the recipient’s account number.
4. Select the recipient’s bank.
5. Check the displayed recipient details carefully.
6. Enter the amount you want to send.
7. Tap Continue.
8. Review the transaction details.
9. Add a narration if you want to describe the purpose of the payment. This is optional.
10. Tap Pay.
11. Enter your PIN to authorise the transfer.

These steps follow Moniepoint’s current transfer instructions in its official Knowledge Base.

Check the Recipient’s Name Before Paying

Do not rush through the confirmation screen.

After entering the bank and account number, Moniepoint displays the recipient’s details. Take a moment to confirm that the name is the person or business you intend to pay.

This is particularly useful when sending money to a new beneficiary because entering one wrong digit in an account number can result in the money being sent to the wrong account.

How to Transfer Money from Moniepoint to Another Bank

You can also send money from Moniepoint to accounts held with other Nigerian banks.

The process is essentially the same:

Transfer → Enter account number → Select bank → Confirm recipient → Enter amount → Review → Pay → Enter PIN.

Moniepoint’s personal banking service supports transfers to both Moniepoint users and users of other banks.

The important part is selecting the correct destination bank before confirming the transaction.

How to Transfer Money from Moniepoint to Another Moniepoint Account

If the person you are paying also uses Moniepoint, you can send money to their Moniepoint account.

Open the app, select Transfer, enter the beneficiary’s account details and proceed through the confirmation screen.

Moniepoint specifically states that its transfer service supports transfers between Moniepoint users as well as transfers to other banks.

How to Save a Beneficiary on Moniepoint

If you frequently send money to the same person or business, you can save the recipient as a beneficiary.

According to Moniepoint’s current instructions:

1. Log in to the app.
2. Tap Transfer.
3. Enter the recipient’s account number.
4. Select the bank.
5. Turn on Add to Saved Beneficiaries.
6. Confirm the recipient’s details.
7. Enter the amount.
8. Tap Continue.
9. Review the transaction.
10. Tap Pay and authorise it with your PIN.

Saving a beneficiary can make future transfers quicker because you will not need to enter the account details from scratch each time.

How to Transfer Money on Moniepoint Without Internet

If you do not have mobile data or your internet connection is poor, you can use Moniepoint’s USSD service if you have already activated it.

The official Moniepoint USSD code is:

*5573#

Moniepoint says the USSD service can be used for transfers, airtime and data purchases, balance checks and other account functions without an internet connection.

How to Transfer with Moniepoint USSD

1. Dial *5573# from your registered phone number.
2. Select the transfer option.
3. Choose whether you are transferring to a Moniepoint account or another bank, depending on the available menu.
4. Enter the amount.
5. Enter the recipient’s account number.
6. Select or confirm the destination bank.
7. Review the transaction details.
8. Enter your PIN to authorise the transfer.

Moniepoint also provides direct USSD formats for transfers:

• Transfer to Moniepoint: *5573*1*Amount*Account Number#
• Transfer to other banks: *5573*2*Amount*Account Number#

The USSD service must be activated from your Moniepoint account settings before you can use it.

How to Activate Moniepoint USSD

If you have never used Moniepoint USSD before, you can activate it from the Moniepoint application.

1. Log in to your Moniepoint Personal or Business app.
2. Open your profile menu.
3. Select Settings.
4. Find USSD Feature.
5. Switch it on.
6. Authorise the activation with your user PIN.

After activation, you can use *5573# from your registered phone number.

How Much Can You Transfer Through Moniepoint USSD?

Moniepoint’s current USSD information lists the following transfer limits:

USSD transfer limit	Amount
Single transfer	₦20,000
Daily cumulative transfer	₦100,000

These limits apply specifically to the USSD channel. They should not automatically be treated as the limits for transfers made through the Moniepoint app.

Is There a Charge for Moniepoint Transfers?

Transfer charges can depend on the transaction and the channel being used.

For Moniepoint’s USSD service, the company currently states that transactional services such as transfers attract a ₦10 USSD service fee.

The applicable charges shown in your app or at the point of transaction should be checked before confirming a transfer because fees and regulatory charges can change.

What to Do If You Send Money to the Wrong Account

Mistakes can happen, especially when entering account numbers manually.

If you send money to the wrong account, Moniepoint advises customers to contact its support team and provide the transaction receipt and details of the account they actually intended to transfer to.

Moniepoint may contact the beneficiary’s bank to request a recall. However, recovery is not guaranteed. The outcome can depend on factors including whether funds remain in the beneficiary’s account and whether the beneficiary and financial institution cooperate with the recall.

For that reason, always verify the recipient’s name before authorising a transfer.

What If a Successful Transfer Has Not Reached the Recipient?

A transfer can show as successful on the sender’s side while the beneficiary is yet to see the money in their account.

Moniepoint advises providing the beneficiary with the 30-digit session ID shown on the transaction receipt and asking them to contact their bank with the session ID.

If the beneficiary still has not received the money after 24 hours, Moniepoint recommends contacting its support team for further assistance.

How to Keep Your Moniepoint Transfers Safe

Before sending money, take these simple precautions:

• Confirm the recipient’s account name.
• Check the account number carefully.
• Make sure you have selected the correct bank.
• Review the amount before tapping Pay.
• Never share your transaction PIN with another person.
• Avoid authorising a transaction you did not initiate.
• Keep your transaction receipts until the payment has been confirmed.

If you suspect that someone has accessed your account or made an unauthorised transfer, Moniepoint advises changing your login details and authorisation PIN and contacting its support team.

Frequently Asked Questions

Can I transfer money from Moniepoint to another bank?

Yes. Moniepoint supports transfers from your account to other Nigerian banks as well as transfers to other Moniepoint users.

What is the Moniepoint transfer code?

The main Moniepoint USSD code is *5573#. After activating the USSD channel, you can use it to access transfer and other banking services.

Can I transfer money from Moniepoint without data?

Yes. Once you have activated Moniepoint USSD, you can make transfers using *5573# without an internet connection.

Can I save a person’s account details for future transfers?

Yes. Moniepoint allows you to add recipients to your saved beneficiaries during the transfer process.

What happens if I transfer money to the wrong account?

Contact Moniepoint support with the transaction receipt and details of the intended recipient. Moniepoint can request a recall through the relevant bank, but recovery depends on factors such as whether the funds are still available and the cooperation of the beneficiary and financial institution.

Conclusion

Transferring money on Moniepoint can be done directly from the app, whether you are paying another Moniepoint user or sending money to an account with another Nigerian bank.

For app transfers, the key steps are to select Transfer, enter the recipient’s bank details, verify the displayed name, enter the amount and authorise the payment with your PIN.

If you do not have internet access, Moniepoint’s activated USSD service provides another option through *5573#.

The most important habit is simple: check the recipient’s details and amount carefully before confirming any transfer.