If you regularly send money through Moniepoint, the amount you pay for each transfer can depend on how you make the transfer and the type of Moniepoint service you use.

This is especially important for people using Moniepoint POS terminals, personal banking customers and anyone transferring money through the USSD channel.

For POS and business transactions, Moniepoint has publicly stated a ₦20 charge for bank transfers. Its personal banking service, however, has different promotions and cashback offers, including free transfers for eligible users aged 16 to 24. USSD transfers also have a separate ₦10 session fee.

There can also be statutory charges such as ₦50 stamp duty on qualifying electronic transfers and 7.5% VAT on applicable banking service fees.

Here is what you need to know about Moniepoint transfer charges in 2026.

How Much Is the Moniepoint Transfer Charge?

For Moniepoint POS/business banking transfers, the standard transfer charge publicly stated by Moniepoint is ₦20 per transfer.

Moniepoint’s published POS information states that transfers attract a flat ₦20 fee.

However, this should not be confused with every type of transfer made through Moniepoint.

The cost can vary depending on whether you are:

Using a Moniepoint POS terminal
Sending money from a personal Moniepoint account
Using Moniepoint USSD
Eligible for a cashback or free-transfer promotion
Making a transaction that attracts a statutory government charge

Moniepoint Transfer Charges at a Glance

Transfer method	Charge/information
Moniepoint POS/business transfer	₦20 per transfer
Moniepoint USSD transfer	₦10 per successful billable USSD session
Personal banking	Promotions and eligibility can reduce or offset transfer fees
Transfers of ₦10,000 and above	₦50 statutory stamp duty may apply
Applicable banking service fees	7.5% VAT may apply

The exact amount deducted from your account can therefore be different from the basic transfer fee.

Moniepoint POS Transfer Charge

If you operate a Moniepoint POS business, transfer charges are particularly important because they affect your operating cost.

Moniepoint’s published POS information states that it charges ₦20 for transfers.

For example, if a customer asks you to transfer ₦10,000 to another bank account, the underlying Moniepoint transfer charge is ₦20.

That is different from the amount you may decide to charge the customer as a POS agent.

Moniepoint Charge vs Agent Charge

This distinction is important.

Suppose:

Customer wants ₦10,000 transferred.
Moniepoint deducts its applicable transfer fee.
You may separately charge the customer a service fee.

The customer’s total cost is therefore not necessarily the same as Moniepoint’s own fee.

A POS operator can set the service charge they collect from customers, subject to applicable rules and business practices. The fee the agent collects should not be presented as Moniepoint’s own transfer fee.

Does Moniepoint Charge ₦20 for Every Transfer?

For the POS/business transfer pricing publicly stated by Moniepoint, the transfer fee is ₦20.

But there are exceptions and promotions across Moniepoint’s different products.

For example, Moniepoint’s personal banking service currently advertises free transfers for users aged 16 to 24 until they turn 25. The company also has cashback programmes that can offset transfer charges for eligible customers.

So, saying that every Moniepoint customer always pays exactly ₦20 for every transfer would be too broad.

Moniepoint Personal Account Transfer Charges

Personal banking customers have access to different transfer benefits.

Moniepoint currently promotes free transfers for customers aged 16–24 until they turn 25.

The company has also advertised cashback programmes for personal banking customers.

For example, its Q1 2026 product update says new personal banking customers can receive ₦10 cashback on their first three daily interbank transfers during their first 90 days, subject to the programme’s conditions.

This means the effective cost of transferring money can depend on your eligibility and the promotion attached to your account.

Always check the fee displayed in your Moniepoint app before confirming a transfer, especially when a promotional offer is involved.

How Much Does Moniepoint USSD Transfer Cost?

Moniepoint charges a ₦10 fee per successful billable USSD session for selected services.

This includes sending money to other banks or Moniepoint accounts.

Moniepoint introduced the ₦10 USSD fee from August 22, 2025.

The important word here is session.

The ₦10 charge is associated with the billable USSD session rather than being described as the standard POS transfer fee.

Other services that Moniepoint lists as billable through USSD include:

Airtime purchases
Data purchases
Balance or account-detail checks
PIN reset

Some security-related services remain free, including OTP retrieval and account or card blocking.

What Is the ₦50 Stamp Duty on Moniepoint Transfers?

The ₦50 stamp duty is a statutory charge, not simply an extra Moniepoint transfer fee.

Moniepoint’s current support documentation states that a ₦50 stamp duty applies to electronic transfers of ₦10,000 and above. It applies to qualifying Moniepoint-to-Moniepoint and Moniepoint-to-other-bank transfers.

There is an important exception.

Moniepoint says the charge does not apply to transfers between two Moniepoint accounts belonging to the same person where the BVNs match.

Example of the Stamp Duty

If you make a qualifying transfer of:

₦10,000

The applicable statutory stamp duty is:

₦50

The ₦50 is separate from the actual amount being transferred.

The charge is collected by Moniepoint as required and is not the same thing as Moniepoint’s own transfer service fee.

Is VAT Charged on Moniepoint Transfer Fees?

Yes, 7.5% VAT can apply to applicable banking service fees.

Moniepoint says VAT applies to certain service fees charged by financial institutions, including electronic/mobile banking fees. It also states that the VAT is calculated on the applicable service fee rather than the principal amount being transferred.

For example, if an applicable service fee is ₦20:

7.5% of ₦20 = ₦1.50

So the VAT on that ₦20 service fee would be ₦1.50.

This does not mean that 7.5% is deducted from the amount you are sending.

It applies to the relevant service fee.

Why Does Your Moniepoint Transfer Cost More Than ₦20?

If you expected a ₦20 transfer fee but noticed a larger deduction, several charges or adjustments could explain it.

Possible reasons include:

1. VAT

A 7.5% VAT may apply to an eligible banking service fee.

2. Stamp Duty

A ₦50 statutory stamp duty can apply to qualifying transfers of ₦10,000 and above.

3. USSD Fee

If you made the transaction through *5573#, the ₦10 USSD session charge may apply.

4. Account or Promotion Type

Personal banking promotions can change the effective amount you pay, including free-transfer and cashback offers.

This is why checking the transaction details is better than assuming that every Moniepoint transfer has exactly the same final cost.

How to Check the Charge Before Sending Money

If you are using the Moniepoint mobile app, review the transaction summary before authorising the transfer.

Pay attention to:

Amount being transferred
Transfer/service fee
VAT, if applicable
Stamp duty, if applicable
Any cashback or promotional credit

This gives you a clearer picture of the actual cost before you confirm the transaction.

Moniepoint also states that applicable stamp duty and VAT are shown separately in transaction records.

Is Moniepoint Transfer Free?

It can be, depending on the service and your eligibility.

Moniepoint’s personal banking service currently advertises free transfers for users aged 16–24 until they turn 25.

There are also cashback offers that can reduce the effective cost of transfers for eligible customers.

However, you should not assume that every Moniepoint account receives free transfers.

The applicable charge depends on the account, channel and current offer.

Does Moniepoint Charge for Transfers Between Moniepoint Accounts?

The answer depends on the type of transfer.

Moniepoint’s support documentation specifically states that the ₦50 stamp duty can apply to Moniepoint-to-Moniepoint transfers when they meet the ₦10,000 threshold. However, transfers between two Moniepoint accounts owned by the same person, with matching BVNs, are exempt from that stamp duty.

This is another reason not to treat the ₦20 service fee, ₦50 stamp duty and other charges as one single fee.

How Moniepoint Transfer Charges Affect POS Agents

For POS operators, transfer fees matter because agents handle many transactions each day.

A ₦20 platform charge may appear small for one transaction. But an agent processing hundreds of transfers needs to account for every charge when setting prices and calculating profit.

For example, an agent who processes 100 transfers at a ₦20 platform charge would have:

100 × ₦20 = ₦2,000

in transfer charges before considering any applicable rewards, cashback, taxes or customer service fees.

Moniepoint has also operated cashback programmes for POS users, meaning eligible agents may receive part of certain transaction fees back depending on their reward tier.

Does Moniepoint Keep the ₦50 Stamp Duty?

No.

Moniepoint’s support information identifies the ₦50 charge as a government-mandated statutory charge and says banks are required to collect it.

It is therefore different from the transfer service fee charged for processing a transaction.

This distinction is useful when comparing Moniepoint’s fees with those of other Nigerian banks and fintech platforms.

Moniepoint Transfer Charges Compared With the Amount You Send

A transfer fee is normally separate from the principal amount.

For instance, if you want to send ₦5,000 and the applicable transfer service fee is ₦20, the transfer amount remains ₦5,000.

The fee is an additional charge deducted from your available balance.

For a qualifying transfer of ₦10,000 or more, statutory charges may also apply.

The exact amount required in your account should therefore be checked on the transaction confirmation screen before you authorise the transfer.

Frequently Asked Questions

How much does Moniepoint charge for a bank transfer?

For Moniepoint POS/business transfers, the publicly stated transfer fee is ₦20 per transfer. Personal banking customers may have different charges or promotional benefits.

Does Moniepoint charge ₦50 on every transfer?

No. The ₦50 is a statutory stamp duty that Moniepoint says applies to electronic transfers of ₦10,000 and above, subject to applicable exemptions.

How much does Moniepoint charge for USSD transfers?

Moniepoint charges ₦10 per successful billable USSD session. Sending money to Moniepoint or other banks is included among the billable USSD services.

Why did Moniepoint deduct VAT from my transfer?

VAT can be charged at 7.5% on applicable banking service fees. Moniepoint says it collects the VAT and remits it to the government; the VAT is calculated on the applicable service fee, not the amount transferred.

Can I transfer money on Moniepoint without paying a fee?

Some customers can make transfers without an effective fee through specific Moniepoint offers. For example, Moniepoint currently advertises free transfers for eligible customers aged 16–24 until they turn 25. Other customers may receive cashback depending on the applicable programme.

Conclusion

Moniepoint transfer charges are not necessarily one fixed amount for every customer and every transaction.

For POS and business transfers, Moniepoint has publicly stated a ₦20 transfer fee. USSD transactions have a separate ₦10 billable session fee, while qualifying electronic transfers of ₦10,000 and above can attract a ₦50 statutory stamp duty. Applicable service fees may also attract 7.5% VAT.

Personal banking customers may have access to free-transfer or cashback programmes, so the final amount deducted can depend on their eligibility and the channel they use.

Because Moniepoint can update its charges and promotions, the safest approach is to check the fee displayed before confirming a transfer and review the transaction receipt afterward.

Moniepoint Transfer Charges 2026: How Much Does Moniepoint Charge Per Transfer?