How to Do Cardless Withdrawal on Moniepoint POS (Safest Way)

In our last post, we talked about how to do cardless withdrawal on POS in general. This time, we are going to discuss how to do cardless withdrawal on Moniepoint POS specifically.

Moniepoint has revolutionized the way people access their funds, making it easier and more convenient than ever. With the Moniepoint POS transfer feature, you can now access your money quickly without the need for a physical ATM card. In this article, I will show you how to do cardless withdrawal on Moniepoint POS, whether you are Moniepoint agent, or you are looking to withdraw money at Moniepoint POS without an ATM card.

How to Do Cardless Withdrawal on Moniepoint POS
Moniepoint POS Transfer


What is Moniepoint?

Moniepoint POS is a leading digital payment and financial services platform in Nigeria. It allows users to perform various financial transactions, including bill payments, fund transfers, and cardless withdrawals, through a network of authorized agents and point-of-sale (POS) terminals.

What is Moniepoint POS Transfer?

Moniepoint POS transfer is an innovative feature added to Moniepoint POS which allows agents to dispense cash to customer via transfer. A dedicated account number is assigned to every Moniepoint POS, which customers can make transfer to and get cash in return.

The need for cardless withdrawal

Traditional ATM withdrawals often come with long queues, service charges, and the risk of card theft. Cardless withdrawals address these issues by providing a more convenient and secure way to access your funds.

How to Do Cardless Withdrawal on Moniepoint POS

To do cardless withdrawal as a Moniepoint agent, follow the steps below:

  1. Power on your Moniepoint POS.
  2. On the home screen, under POS Transfer, you will find a unique account number attached to your POS for receiving transfers.
  3. Give the account number to the customer who wishes to do cardless withdrawal.
  4. Once the customer has made the transfer, you will receive a popup notification asking you to accept or decline the incoming transfer.
  5. Click “Accept,” and the money will be credited to your Moniepoint account.
  6. Print the receipt and hand it over to the customer with the cash.

If for some reason, the notification for POS transfer does not pop up, and the customer confirmed that he/she has made the transfer, follow this steps to track the transfer and accept it:

  1. Click on the “More” button on the homepage
  2. Scroll down and select POS transfer
  3. You will find three options: Pending transfers, accepted transfer, and declined transfer.
    • Select Pending transfer
  4. You will find the customer’s pending transfer, if the transaction really went through from the customer’s end.
  5. Accept the transfer and your POS account will be credited.

As a customer who wants to get cash from a Moniepoint POS without an ATM card, all you have to do is tell the Moniepoint agent that you want to do a cardless withdrawal. They will give you the account number designated to their machine for POS transfer. Then, you do the transfer, and they will accept it and give you cash in return.

Also Read:

How to Enable POS transfer on Moniepoint POS?

If your Moniepoint POS does not have the POS transfer feature, it might be because you are running old software on your machine.

Follow these steps below to update your Moniepoint POS software.

How to Update Moniepoint POS

  1. Close the app market (if open).
  2. Relaunch the app market.
  3. Swipe left on the homepage until you reach the ‘Manager’ tab.
  4. Click on ‘Installation Packages.’
  5. Select ‘Delete all’ at the bottom.
  6. Go back to the homepage tab.
  7. Download the new version of the app.

Benefits of Moniepoint POS transfer

Moniepoint POS transfer offers several advantages, including:

  • Speed and efficiency in accessing cash.
  • Enhanced security features.
  • The ability to perform transactions 24/7.
  • It helps agents to curb the issue of fake transfers from customers.
  • Agents and customers can now transact in the absence of ATM card


What is the transaction fee for Moniepoint POS transfer?

The transaction fee for POS transfer is 0.5%, but it’s capped at N100. However, big business owners who do a lot of transactions might soon get a discount on this fee.

What is the transaction limit for POS transfer?

Business owners with pending KYC can receive POS transfer up to N900,000 at a go and a daily cumulative limit of N5 million.

For those with full KYC, they can enjoy the same limit they currently have on their profile for regular transfers, allowing for a cumulative daily limit of up to N25 million.

What if the Moniepoint POS agent refuses to complete my withdrawal?

As a customer, if you encounter any issues with an agent, contact Moniepoint customer support for resolution.

Also Read:


Cardless withdrawal on Moniepoint POS using Moniepoint POS transfer offers a seamless and secure way to access your funds. It eliminates the need for a physical ATM card and allows you to withdraw money quickly and conveniently. By following the steps outlined in this article, you can make the most of this innovative feature.