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The short answer
Moniepoint's help centre (last updated 9 Feb 2026) lists Level 1 at ₦50,000 per transfer and ₦300,000 a day, Level 2 at ₦100,000 and ₦500,000, and Level 3 at ₦5,000,000 for both, with unlimited incoming money and balance at Level 3. You upgrade in the app by tapping your level and supplying matching BVN and NIN details, next of kin, then face verification and proof of address.
The published limits, level by level
Moniepoint calls its tiers KYC levels. The figures below are as published on its Account Opening and KYC help pages, last updated 9 Feb 2026. They can change, so the app is the final word on your own account.
| Level 1 | Level 2 | Level 3 | |
|---|---|---|---|
| Single debit (one transfer out) | ₦50,000 | ₦100,000 | ₦5,000,000 |
| Daily debit | ₦300,000 | ₦500,000 | ₦5,000,000 |
| Single credit (one payment in) | ₦50,000 | ₦100,000 | Unlimited |
| Daily credit | ₦300,000 | ₦500,000 | Unlimited |
| Maximum balance | ₦300,000 | ₦500,000 | Unlimited |
The credit and balance rows matter as much as the debit rows. A Level 1 customer who is paid ₦80,000 in one transfer is over the single-credit limit, and Moniepoint states that exceeding a level's limits places the account on restriction automatically. Upgrading clears the restriction once it is approved.
What each level asks for
- Level 0
- No BVN or NIN verified yet; Moniepoint publishes no limits for it, so complete Level 1 first.
- Level 1
- Your BVN or NIN.
- Level 2
- NIN or BVN where the names and date of birth match across both records, plus next-of-kin details.
- Level 3
- Face verification, your address, an uploaded proof of address, residential address verification and an indemnity.
Accepted proof of address includes an electricity bill up to six months old, other utility bills up to three months old, a bank statement up to six months old, a permanent voter's card or driver's licence, a tenancy agreement, and a few legal documents. The address must match what is on your profile. Our guide to opening a Moniepoint personal account lists them in full.
How to see and raise your limit
- Open the app and look at the top left of the home screen, where Moniepoint shows your current KYC level.
- Tap the level to see the detailed limits for your account.
- Choose to upgrade and complete the steps for the next level.
- Wait for confirmation. Moniepoint says most upgrades are automatic and immediate; some are reviewed manually, with no fixed time published.
- Try the transfer again once the new level shows.
A worked example
Example: Ngozi is on Level 2 and needs to pay ₦450,000 rent today.
- One transfer of ₦450,000 is over her ₦100,000 single-debit limit, so it fails.
- Five transfers of ₦90,000 add up to ₦450,000, which is within her ₦500,000 daily limit, but each one costs a transfer fee and, at ₦10,000 or more, the ₦50 stamp duty: 5 × ₦50 = ₦250 in duty alone, against ₦50 on a single transfer.
- Upgrading to Level 3 lets her send the ₦450,000 in one transfer, under the ₦5,000,000 single limit.
Splitting is allowed within the daily limit, but upgrading is usually cheaper and cleaner, and it leaves one clear receipt for the landlord. Stamp duty is explained in why Moniepoint deducts ₦50.
The extra check on large transfers
Separately from KYC levels, Moniepoint requires multi-factor authentication (MFA), which it describes as mandated by the CBN, for instant transfers above ₦500,000 on personal banking and above ₦5,000,000 on business banking. MFA means biometrics on your phone, or an authenticator app code where your phone has no biometric sensor. Set it up in Settings under Security and Privacy before the day you need to send a large sum.
Common problems when upgrading
The upgrade will not go past Level 1
Level 2 compares the names and date of birth on your BVN and NIN. If one record has a middle name and the other does not, or the dates differ, the check fails. Correct the record that is wrong (BVN at your bank, NIN through NIMC) and try again; the app cannot override a mismatch on its own.
Proof of address is rejected
The usual causes are an old document (more than six months for an electricity bill or bank statement, more than three months for other utilities), an address that does not match the one in your profile, or a blurred photo. Update the address in the app first, then upload a fresh document. A temporary voter's card or driver's licence is not on Moniepoint's list; it names permanent ones.
Face verification keeps failing
Move to good light, remove anything covering your face and hold the phone at eye level. If the app reports a service or liveness error after several tries, contact Moniepoint support for escalation, as its MFA page advises.
The account was restricted before you could upgrade
If a large payment came in while you were on Level 1 or 2, the account may already be restricted. Complete the upgrade from the app; Moniepoint says the restriction is lifted once the new level is approved. See Moniepoint account restricted for other causes.
Where Pryme fits
Pryme accounts use an authenticator app rather than SMS codes, plus a transaction PIN, and Pryme's send screen shows the details before you approve. Read about Pryme security.
Questions people ask
What is the Moniepoint daily transfer limit for Level 2?
₦500,000 a day, with ₦100,000 per transfer, as published on Moniepoint's help centre (last updated 9 Feb 2026).
Why was my Moniepoint account restricted after receiving money?
Moniepoint says exceeding your level's limits, including incoming (credit) limits, places the account on restriction automatically. Upgrading your KYC level lifts it once approved.
How do I increase my Moniepoint transfer limit?
Tap the KYC level at the top left of the home screen and complete the next level's requirements. Level 3 needs face verification and proof of address.
Do I need MFA for every Moniepoint transfer?
No. Moniepoint says MFA applies to instant transfers above ₦500,000 for personal banking and above ₦5,000,000 for business banking.
Sources
- Moniepoint Support: Account Opening and KYC (KYC levels, requirements and limits, last updated 9 Feb 2026) · accessed Oct 2026
- Moniepoint Support: Transfers (wrong account, beneficiary not credited, MFA thresholds) · accessed Oct 2026
- Moniepoint Support: Stamp Duty (undated) · 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.