Moniepoint POS Withdrawal Charges
Posted in: POS Charges

Moniepoint POS Withdrawal Charges: Latest Charges

Moniepoint is one of the leading fintech companies in Nigeria. The company has been providing innovative financial solutions to millions of individuals and businesses across the country.

As a fintech company, Moniepoint offers numerous financial services, including withdrawal services. However, as with other financial institutions, Moniepoint charges fees when you make a withdrawal using their agent’s Point of Sale (POS) terminal. But the good thing about their withdrawal charges is that the higher the amount you want to withdraw, the lower the charges and vice versa. 

Related: Moniepoint POS customer care

Moniepoint POS Withdrawal Charges

Moniepoint POS Withdrawal Charges

Moniepoint charges 0.5% of the transaction amount you withdraw when you withdraw between ₦1 and ₦20,000 with their POS terminal.

In the real sense, if you withdraw ₦5,000, Moniepoint will charge you ₦25 commission.

If you withdraw ₦10,000, you will be charged ₦50 commission, but if you withdraw ₦20,000, Moniepoint will charge you ₦100 commission.

However, Moniepoint charges a ₦100 flat rate for amounts that are above ₦20,000. This means that if you withdraw ₦50,000, ₦100,000, etc., Moniepoint will only charge you a commission of ₦100.

Other Moniepoint POS Charges

Other commissions that Moniepoint POS charges are summarized in the table below

S/NServices OfferedMoniepoint Commission
1.9Mobile Data Top Up4.5%
2.Airtel Data Top-Up4%
3.PHCN Token2%
4.MTN Data Top-Up3%
5.Glo Data Top-Up4%
6.StarTimes Subscription2%
7. GOtv Subscription2%
8.DSTV Subscription2%
9.TransfersN20  flat rate
Table 1.1: POS Moniepoint Charges

How Much Does Moniepoint Charge For 10,000?

Moniepoint charges a ₦50 commission when you withdraw ₦10,000. In the real sense, Moniepoint charges 0.5% fees for withdrawals between ₦1 and ₦20,000. But they charge ₦100 flat rates for withdrawals above ₦20,000.

Moniepoint Charges For Transfer

Moniepoint charges a ₦20 flat rate for all transfers. This means that whether you transfer small or large amounts of money using the Moniepoint POS terminal, you will be charged ₦20 commission fees.

Conclusion

Moniepoint POS withdrawal charges are determined based on factors such as the withdrawal amount and the location of the Moniepoint agent. Hence, it is crucial to inquire about the specific charges applicable to your transaction and be aware of any additional fees imposed by your bank.

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