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The short answer
Monzo can send naira to Nigeria. Its help page says you choose Person or Business, then enter the recipient's full name, bank name, 10-digit account number and country, with an optional reference; you can send up to ₦95,000,000 per transfer, and most payments arrive within seconds, nearly all within 6 hours (Monzo Help, checked October 2026). No SWIFT code or IBAN is needed.
Monzo sends naira payments as local transfers in Nigeria, so the details are the same ones a Nigerian would use to pay a friend at home. Getting them right first time is what makes the payment arrive in seconds rather than coming back. This guide goes through each field, using Monzo's own help page.
The fields Monzo asks for
| Field | What to enter | Tip |
|---|---|---|
| Recipient type | Person or Business | Choose Business for a school, landlord company or supplier |
| Full name | The account holder's name | Use the name on the account, not a nickname |
| Bank name | The Nigerian bank or institution | Pick the exact institution; microfinance banks have similar names |
| Account number | 10 digits | Monzo: "It's really important that you use the correct account number" |
| Country | Nigeria | |
| Reference | Optional | Use something the receiver will recognise, such as "Jan school fees" |
Nigerian account numbers are 10-digit NUBANs. Under the CBN's NUBAN standard, the last digit is a check digit calculated from the bank code and the serial number, which is why the bank name and the number must belong together. A number that is valid at one bank will usually fail at another. For how the number is built, see NUBAN explained.
How the payment travels
Monzo says naira payments go out as a local bank transfer "through the NIBSS Instant Payments (NIP) network with partner banks in Nigeria". In practice:
- "Most payments arrive within seconds, and nearly all arrive within 6 hours."
- Bank holidays or extra checks can take up to 1 working day.
- "There is no cut off time"; payments go out the same day.
- The app shows the expected time before and after you send.
Limits
Monzo's page says you can send up to ₦95,000,000 per transfer. If that is above your own app limit, you must request an increase before sending. The page does not state fees; the app shows what you will pay and the naira amount before you confirm.
If something goes wrong
- Sent but not received. Contact Monzo and it will trace the payment. Ask the receiver to check with their bank first.
- Wrong name or account number. Monzo says recalls are available if you used the wrong name or account number, and "We can send the recall immediately." Act quickly.
- Number belongs to someone else. Monzo says "the payment will likely be returned."
- You think it is fraud. Recall is also available for suspected fraud; contact Monzo at once.
Worked example
Example. Seyi pays her nephew's school in Ibadan. She chooses Business, types the school's account name as printed on the fee letter, selects the school's bank, enters the 10-digit account number and adds the reference "Tobi Adeyemi Term 1". The app shows the naira amount and the expected time. The school's bursar confirms receipt within minutes, and the reference lets them match it to the right pupil.
Personal or business recipient
Monzo lets you choose Person or Business when you add the recipient. Pick Business for a company account, such as a school, a hospital, a property developer or a supplier, and enter the registered business name as it appears on the account rather than a trading nickname. For a sole trader who uses a personal account, choose Person and use their own name. The choice tells Monzo and the receiving bank what kind of account to expect, so getting it right reduces the chance of a return or a query.
Monzo's page does not mention extra fields such as the receiver's address or phone number for Nigeria. If the app asks for something the help page does not list, it is likely to be a check Monzo runs on that payment; answer it rather than abandoning the transfer.
What to check first
- Ask the receiver to send the details in writing, ideally a screenshot from their banking app.
- Read the account number back digit by digit.
- Confirm the bank, including whether it is a microfinance bank.
- Check the naira amount on the confirmation screen.
For a wider overview, see Monzo international transfers to Nigeria and Nigerian bank details for UK senders.
Where Pryme fits
In Pryme you can hold naira as well as pounds and pay a Nigerian account from your NGN balance, or convert first with Swap, which shows the rate and fee before you approve. See multicurrency.
Questions people ask
What details do I need to send money to Nigeria from Monzo?
Recipient type, full name, bank name, 10-digit account number and country, with an optional reference.
Do I need a SWIFT code to pay Nigeria from Monzo?
Monzo's page lists name, bank name and 10-digit account number; it sends via the NIP network with partner banks, and does not ask for a SWIFT code.
How much can I send to Nigeria with Monzo?
Up to ₦95,000,000 per transfer, according to Monzo, subject to your own app limit.
I entered the wrong account number on Monzo. What now?
Contact Monzo straight away; it says recalls are available for a wrong name or account number and can be sent immediately.
Sources
- Monzo Help: Sending NGN payments · accessed Oct 2026
- CBN Revised NUBAN Standards circular, 9 Mar 2020 (text via RegAlert) · 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.