Before opening a Bank account or saving money anywhere, it is only proper to ask questions for safety, assurance and peace of mind. In that note, we have outlined some of the frequently asked questions About Moniepoint Savings / Personal Bank account below;
DOWNLOAD MONIEPOINT APP HERE
-
- RECOMMENDED LINKS:
- Frequently Asked Questions About MONIEPOINT POS TERMINALS
- Frequently Asked Questions About MONIEPOINT LOANS
Contents
- 1 How can I open a savings account on Moniepoint?
- 2 Is my money safe with Moniepoint?
- 3 What is the minimum initial deposit required to open a savings account?
- 4 Does the Moniepoint Personal Bank Account have a minimum balance requirement?
- 5 Are there any monthly maintenance fees associated with the savings account?
- 6 Are there any restrictions or penalties for withdrawing money from my account?
- 7 Can I set up automatic transfers or direct deposits into my savings account to help with saving?
- 8 What are the options for receiving statements and monitoring account activity?
How can I open a savings account on Moniepoint?
Is my money safe with Moniepoint?
Moniepoint Microfinance Bank is authorized and regulated by the Central Bank of Nigeria to offer banking services. Deposits are insured by the Nigerian Deposit Insurance Corporation (NDIC).
What is the minimum initial deposit required to open a savings account?
Opening an account with Moniepoint is free. There is no initial deposit required.
Does the Moniepoint Personal Bank Account have a minimum balance requirement?
No, there is no minimum balance required. You can save as much as you want and you can also empty the account if you want to.
Are there any monthly maintenance fees associated with the savings account?
No, there are no monthly maintenance fees or charges.
Are there any restrictions or penalties for withdrawing money from my account?
No, you can withdraw your money as many times as you like.
Can I set up automatic transfers or direct deposits into my savings account to help with saving?
Yes, you can typically set up automatic transfers or direct deposits into your Moniepoint savings account to help with your savings goals. This can be a convenient way to save regularly.
What are the options for receiving statements and monitoring account activity?
Account statements and activity are available through our online banking, mobile apps, email statements, and SMS channels. Moniepoint online support team are also available to assist you on this request anytime, any day.