What are the Moniepoint Transaction Limits for Each KYC Level?

Both Moniepoint Business and Moniepoint Personal accounts have three KYC levels, each with different requirements and transaction limits. Here are the details for each KYC level:

KYC Level 1:

• Single Debit Limit: ₦50,000.00
• Daily Debit Limit: ₦300,000.00
• Single Credit Limit: ₦50,000.00
• Daily Credit Limit: ₦300,000.00
• Balance Limit: ₦300,000.00

KYC Level 2:

• Single Debit Limit: ₦100,000.00
• Daily Debit Limit: ₦500,000.00
• Single Credit Limit: ₦100,000.00
• Daily Credit Limit: ₦500,000.00
• Balance Limit: ₦500,000.00

KYC Level 3:

• Single Debit Limit: ₦5,000,000.00
• Daily Debit Limit: ₦5,000,000.00
• Single Credit Limit: Unlimited
• Daily Credit Limit: Unlimited
• Balance Limit: Unlimited

Important Note:

If your account is at a particular KYC Level, you cannot exceed the limits for that level. If you do, your account will be automatically placed on restriction. To lift the restriction, you must upload the necessary documents to upgrade your KYC level, and once approved, the restriction will be lifted automatically.

For detailed information on the requirements for each KYC level, here.