AI agents for business finance: what they can and can't do
What AI agents can do in bookkeeping, close, collections and compliance today, where a person must stay in charge, and how to judge a product.
The short answer
Moniepoint's help centre, as at Oct 2026, does not publish a current fee table for app transfers; the charge is shown on the confirmation screen before you approve. What it does publish is that every transfer of ₦10,000 or more carries a ₦50 stamp duty paid by the sender, and that VAT of 7.5% is charged on the transaction fee itself.
What a Moniepoint transfer can cost
When you send money from a Moniepoint personal or business account, up to three separate items can appear on the transaction:
- The transfer fee set by Moniepoint. It is shown before you approve.
- VAT at 7.5% of that fee. Moniepoint's stamp duty article gives the example of ₦0.75 VAT on every ₦10 charged.
- Stamp duty of ₦50 on electronic transfers of ₦10,000 and above, paid by the sender, on transfers within Moniepoint and to other banks.
Only the stamp duty is a fixed government figure. The fee is Moniepoint's own, and its knowledge base (17 topics, read Oct 2026) has no page listing current app transfer fees for personal or business accounts. So any article that quotes a single 'Moniepoint transfer fee' without a date should be treated with care.
Personal and business accounts
Moniepoint runs a personal app and a business app. The stamp duty and VAT rules above apply to both, according to Moniepoint's stamp duty page. Beyond that, we could not find a published side-by-side of personal and business fees. Business accounts also have POS terminals, which have their own pricing; Moniepoint's 2023 blog on getting a POS listed a flat ₦20 for transfers on the terminal, but that figure is from 25 Jan 2023 and may no longer apply. See Moniepoint POS charges and settlement for the terminal side.
Who pays the ₦50 stamp duty
Moniepoint's page says the ₦50 replaces the former Electronic Money Transfer Levy (EMTL) and is paid by the sender. TechCabal reported on 22 Dec 2025 that under the Nigeria Tax Act 2025 the charge moved from the receiver to the sender from January 2026. Two rules on Moniepoint's page are worth knowing:
- The only exemption it lists is a transfer between two Moniepoint accounts owned by the same person with matching BVNs.
- If your balance cannot cover the duty when you send, the transfer may still go and the ₦50 is deducted once your balance allows. That is why some people see ₦50 leave just after money arrives.
The full explanation is in why Moniepoint deducts ₦50, and the wider rule in the ₦50 electronic money transfer levy.
Worked example
Example only, using an assumed fee of ₦10 because Moniepoint does not publish one: you send ₦25,000 to a friend at another bank.
| Item | Amount |
|---|---|
| Amount sent | ₦25,000.00 |
| Transfer fee (assumed for the example) | ₦10.00 |
| VAT at 7.5% of the fee | ₦0.75 |
| Stamp duty (₦10,000 or more) | ₦50.00 |
| Total leaving your account | ₦25,060.75 |
Notice that the stamp duty is five times the assumed fee. On a ₦9,500 transfer the duty would not apply, so the total in this example would be ₦9,510.75. Do not split payments just to stay under ₦10,000, though: two transfers mean two fees, and the duty rule is a legal charge, not a fee you can plan around repeatedly without cost.
How to check your actual charge
- Enter the amount and recipient, then read the confirmation screen before you enter your PIN. The fee should be shown there.
- After sending, open the transaction in your history: Moniepoint says stamp duty appears in the transaction details.
- Download a statement to see every charge over a month. See getting a Moniepoint statement.
Charges that are not transfer fees
Several deductions on a Moniepoint statement get mistaken for transfer fees. Knowing which is which helps you query the right thing:
- Stamp duty
- ₦50 per transfer of ₦10,000 or more, paid by the sender. A legal charge Moniepoint says it cannot waive.
- VAT
- 7.5% of the fee charged, not of the amount sent. On a small fee it is a few kobo or naira.
- Bill and airtime purchases
- Priced separately from transfers. The amount you approve is shown before payment.
- Card charges
- Cards are covered in a separate Cards section of Moniepoint's help centre; a card charge is not a transfer fee.
- Loan repayments
- Deducted under the loan agreement, not as a transfer charge. See Moniepoint loan repayment.
If a charge appears that you did not see on the confirmation screen and it is not one of these, note the date, amount and reference and ask Moniepoint support to explain it. Keep the reply and the reference number, and if it is not resolved ask support how to escalate the complaint.
Keeping transfer costs down
- Pay larger bills in one transfer rather than several small ones: each transfer of ₦10,000 or more carries its own ₦50 duty.
- Move money between your own Moniepoint accounts with the same BVN, which Moniepoint lists as exempt from stamp duty.
- Check the fee before you approve; if it differs from what you expected, cancel and ask before sending.
Where Pryme fits
On Pryme, the fee for a Swap between currencies is shown on its own line before you approve, and businesses taking payments can use bank-transfer checkout free of charge. See sending money with Pryme.
Questions people ask
How much does Moniepoint charge per transfer?
Moniepoint's help centre does not publish a current app transfer fee as at Oct 2026. The fee is shown before you approve, plus 7.5% VAT on the fee and ₦50 stamp duty on transfers of ₦10,000 or more.
Is the ₦50 Moniepoint charge a bank fee?
No. Moniepoint describes it as a statutory stamp duty that banks cannot waive, applied to transfers of ₦10,000 and above and paid by the sender.
Is transferring to another Moniepoint account free?
Moniepoint says stamp duty applies to Moniepoint-to-Moniepoint transfers too, unless both accounts belong to you with matching BVNs. Check the fee on the confirmation screen.
Are business account transfer fees different from personal?
Moniepoint does not publish a comparison. Check the confirmation screen in each app.
Sources
- Moniepoint Support: Stamp Duty (undated) · accessed Oct 2026
- TechCabal: Why your ₦50,000 transfer will cost ₦100 from 2026 (22 Dec 2025) · accessed Oct 2026
- Moniepoint blog: How to get a Moniepoint POS (25 Jan 2023) · accessed Oct 2026
- Moniepoint Support: Help centre topics · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.