Moniepoint ussd code for money transfer

I first learned about Moniepoint from a Point of Sales agent in Lagos while trying to withdraw money. Little did I know that Moniepoint is a mobile money service that offers a comprehensive platform for payments, banking, and operations for businesses and their customers.

Recently, one of my followers asked for the USSD code for Moniepoint, similar to other commercial banks. As a result, I have decided to provide all the codes for money transfers, buying airtime, checking account balances, blocking accounts, and more.

The USSD Code is transforming the way people interact with mobile money services, providing a convenient and accessible platform for various financial transactions. With the increasing use of mobile technology, Moniepoint’s USSD system offers a seamless and user-friendly interface for users to access a wide range of services.

Understanding the background  and the underlying Unstructured Supplementary Service Data (USSD) is essential to fully utilize this innovative platform. This article will cover all the USSD codes for Moniepoint, making it easier for users to access its services.

Pay Attention: PalmPay Ussd for Money transfer, Airtime and check account balance

What is moniepoint USSD for transfer

Moniepoint Unstructured Supplementary Service Data (USSD) is a service that allows you to perform various banking transactions directly from your mobile phone without needing an internet connection. The primary Moniepoint USSD code is *5573#.

The service provided by Moniepoint, a leading mobile money platform in Nigeria offer easily means to  transfer money to family and friends, pay bills, and purchase goods and services using their mobile phones. All they need to do is dial  *5573#, follow the prompts on their screen, and enter the recipient’s phone number and the amount they wish to transfer. The money is then deducted from the user’s account and transferred to the recipient’s account instantly.

• Works on any mobile phone, even basic feature phones.
• Manage your finances on the go, without needing internet.
•  Transactions are processed quickly.
• No data charges apply, and most transactions have minimal or no fees.

Read; How to block Opay account when Phone or card Misplaced

How to Activate Moniepoint USSD Code

1. To activate your ussd code from moniepoint kindly follo the steps blow:
2. Log in to your account by Click on your profile picture at the top left corner of your dashboard
3. Then click on the Settings menu.
4. Tap  on your profile picture at the top left corner of your dashboard
5. Click on the Settings menu.
6. Locate the USSD Feature option and switch it on to activate it.
7. Once done you can now start banking with easy. via checking your account balance, buy airtime and transfer money and many more financial service

How to open moniepoint account

You can open a Moniepoint account directly through their mobile app in a few simple steps:

1. Download the Moniepoint App:

• Visit the Google Play Store or Apple App Store on your smartphone.
• Search for “Moniepoint Personal Banking” (for individual accounts) or “Moniepoint Business Banking” (for business accounts).
• Download and install the app.

2. Sign Up:

• Open the app and tap on the “Sign Up” button.
• Enter your email address and phone number.
• Verify your phone number with the OTP (One-Time Password) sent to you.
• Create a secure password and transaction PIN for your account.

3. Verify Your Details:

• Provide your Bank Verification Number (BVN) and other KYC (Know Your Customer) details as required.
• Complete the face and ID verification process.

4. Fund Your Account:

• Once your account is created, you can add funds to it to start making transactions.
• You can fund your account through various methods like bank transfers, card payments, or cash deposits at designated agent locations.

How to Transfer money using Moniepoint’s USSD code

Here’s how to transfer money using Moniepoint’s USSD code:

Transfer Money to Another Moniepoint Account:

1. Dial *5573*1*Amount*Account Number#

   • Replace “Amount” with the amount you want to transfer.
   • Replace “Account Number” with the 10-digit Moniepoint account number of the recipient.

2. Enter your 4-digit PIN:

   • Input your Moniepoint USSD PIN to authorize the transaction.

Transfer Money  to Other Banks in Nigeria:

1. Dial *5573*2*Amount*Account Number#

   • Replace “Account Number” with the recipient’s account number in the other bank.
   • Replace “Amount” with the amount of money you wish to transfer.

2. Enter your 4-digit PIN:

   • Input your Moniepoint USSD PIN to authorize the transaction.

3. Transaction Successful:

   • You will receive a confirmation message once the transfer is successful.

Read: All Opay USSD Code and transfer money

How to buy Airtime using Moniepoint’s USSD code

To top up airtime using Moniepoint’s USSD code, follow these steps:

Buy Airtime for self

1. *Dial *5573*Amount# with your registered phone number.Choose the option for airtime top-up Forself  from the menu.

   Buy Airtime for others’:

   Dial *5573*Amount*Phone Number#

   • Double-check the phone number and network provider, especially when buying for others.
   • This USSD code works on all major networks in Nigeria.

    

How to buy Data

To top up data using Moniepoint’s USSD code *5573#, follow these steps:

1. *Dial *5573# on your registered phone number.

2. Choose the option for buying data from the menu
   • Select ‘Data for Myself’ to purchase data for your own line.

     Choose Recipient:

   • Select ‘Data for Others’ to purchase data for another phone number.

   • If buying for yourself:

     • Select your network provider (MTN, Glo, Airtel, or 9mobile)
   • • Choose the desired data plan from the list of available options.
     • Confirm the transaction details and enter your 4-digit Moniepoint PIN.

   • If buying for others:

     • Select the recipient’s network provider.
     • Enter the recipient’s phone number.
     • Choose the desired data plan for them.
     • Confirm the transaction details and enter your 4-digit Moniepoint PIN.

3. Data Credit: The data will be credited instantly to the designated phone number. You’ll also receive a confirmation message on your screen.

How to Retrieve OTP

To retrieve an OTP (One-Time Password) using Moniepoint’s USSD code, follow these steps:

1. Dial *5573*73*Service Code# on your registered phone number.

   • Replace “Service Code” with the specific code provided by the OTP service provider you are trying to access.

2. The retrieved OTP will be displayed on your phone screen.

How to Reset New PIN

To reset your Moniepoint PIN using the USSD code, you can follow these method:

1. *Dial *5573# on your registered phone number. This will bring up the main Moniepoint USSD menu.

2. Choose the option for “Reset PIN” or “Change PIN” from the menu.
3. If you remember your current PIN and simply want to change it, you might be prompted to enter it

4. Input your new desired 4-digit PIN. Make sure it’s a combination you can easily remember but is not easily guessable.

5. Re-enter the new PIN to confirm.

6.  You should receive a confirmation message indicating your PIN has been successfully reset..

Read Also: How to transfer money from Wema Bank with easy

How to Check your Balance using Moniepoint’s USSD code

To check your balance using Moniepoint’s USSD code, follow these simple steps:

1. *Dial *5573*5# from your registered phone number.
2. Select “Check Balance” from the menu options that appear.
3. Enter your 4-digit PIN.
4. Your account balance and other details will be displayed on your screen.

How to Block your Moniepoint Account

To block your Moniepoint account for security reasons Follow this steps:

• Dial *5573*911# from your registered phone number.
• You’ll see options to ‘stop’ or ‘resume’ debit transactions.
• Choose ‘stop’ debit transactions to block your account.
• You’ll be asked whether you are blocking for yourself or someone else.
• Provide your account number or phone number as requested
• Authorize the process by inputting your transaction PIN.
• If successful, you’ll receive a confirmation message that your account has been blocked..

How to Unblock your Moniepoint Account 

• Dial *5573*911# from your registered phone number.
• You’ll see options to ‘stop’ or ‘resume’ debit transactions.
• Choose ‘resume’ debit transactions to unblock your account.
• Provide your account number or phone number as requested
• Authorize the process by inputting your transaction PIN.
• If successful, you’ll receive a confirmation message that your account has been unblocked.
• Read: Steps on How to transfer money from unity bank

 is Moniepoint commercial bank or microfinance bank?

Is Moniepoint a Fintech company?

Yes, Moniepoint is primarily a fintech company. While they also operate a licensed microfinance bank, their core focus and innovation lie in leveraging technology to provide financial services, especially to the underserved and small businesses. This aligns them with the defining characteristics of fintech companies.

Who owns Moniepoint?

Moniepoint was founded by Tosin Eniolorunda and Felix Ike in 2015. While they were the original founders, the company has since grown and likely has multiple stakeholders including investors and shareholders. Currently, the Chief Executive Officer is Tosin Eniolorunda.

How much does it cost to get Moniepoint pos machine?

As of August 2024, the Moniepoint POS terminal itself costs a one-time payment of ₦21,500. This price includes:

Caution Fee: ₦10,000

Logistics Fee: ₦10,000

Top POS Systems in Nigeria

Here are some of the top POS systems in Nigeria, along with their key features:

1. OPay POS

• Key features:
  • Accepts card payments, mobile payments, and QR code payments.
  • Provides real-time transaction tracking and reporting.
  • Offers cash withdrawal and deposit services.
  • Integrated with the OPay mobile app for easy management.
  • Competitive transaction fees.

2. Moniepoint POS

• Key features:
  • Accepts all major card types and mobile payments.
  • Offline functionality for uninterrupted transactions.
  • Real-time sales tracking and inventory management.
  • Access to business loans and other financial services.
  • User-friendly interface.

3. PalmPay POS

• Key features:
  • Accepts card payments, mobile payments, and QR code payments.
  • Offers cashback rewards and discounts for customers.
  • Provides detailed sales analytics and reports.
  • Integrated with the PalmPay mobile app.
  • User-friendly interface.

4. Nomba (formerly Kudi)

• Key features:
  • Accepts various payment methods, including cards, mobile payments, and bank transfers.
  • Offers agent banking services like cash deposits and withdrawals.
  • Provides business management tools like inventory tracking and sales reports.
  • Easy to use and set up.

5. Baxi Box POS

• Key features:
  • Multi-functional POS for various business types.
  • Accepts card payments and mobile money.
  • Offers bill payment and airtime recharge services.
  • Provides business management tools and reports.
  • Reliable and secure.

6. Other Notable POS Systems are:

• PayCentre POS
• Tingg POS
• Interswitch POS
• Flutterwave POS

Factors to consider when choosing a POS system:

• Compare the fees charged per transaction.
•  Consider the features offered and whether they align with your business needs.
• Choose a system with a user-friendly interface.
• Look for a provider with good customer support in case you encounter any issues.
•  Evaluate the quality and durability of the POS terminal and the software capabilities.

Bottom line

Moniepoint USSD code provides a safe, convenient, and accessible way for individuals in Nigeria to access financial services and perform transactions using their mobile phones. With its user-friendly interface, security features, and 24/7 availability, the service is a valuable tool for individuals looking to manage their finances

The fintech app offers more features. If you have internet access, using the Mobile app is generally more convenient for managing your account and accessing the full range of services.

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Meet Ogbeide Frank, also known as Perere, a blogger passionate about writing on finance and technology. He studied Business Administration at Ambrose Alli University in Ekpoma and Mobile Communication at Orange College in Malaysia. Frank has experience working as a banker and consultant for various agencies in Nigeria.

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