Moniepoint review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Moniepoint is a no-cost debit card run by Moniepoint Microfinance Bank Limited under the Central Bank of Nigeria, so the money sits with a bank rather than a prepaid balance. For anyone in Nigeria who wants straightforward everyday banking without a subscription, the monthly fee is NGN 0.
Key facts
- Best for
- A no-fee debit card for everyday spending in Nigeria.
- Monthly fee
- NGN 0 (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Legal entity
- Moniepoint Microfinance Bank Limited (Source, checked September 26, 2026)
- Founded
- 2019 (Source, checked September 26, 2026)
- Support channels
- Chat, Help-centre (Source, checked September 26, 2026)
- Official website
- moniepoint.com
Pros and cons
Pros
- Monthly fees of NGN 0 mean there is no charge to keep the account open.
- The account sits with Moniepoint Microfinance Bank Limited under the Central Bank of Nigeria, so the money is held by a bank.
- A plain debit card that draws on the bank balance, where 20.4% of the cards listed are prepaid balances.
- Support on chat and help centre answers quick questions in app rather than on a call.
Cons
- Support runs on chat and help centre only, with no phone line listed, while 67.3% of the cards compared include phone support.
- A debit card built around one banking market, where 34.9% of the cards listed cover several currencies.
Who it suits
- People in Nigeria who want a straightforward debit card for daily spending with no monthly charge
- Customers happy to handle support by chat or the help centre instead of on the phone
- Anyone banking in a single market with no plans to hold or spend several currencies
Who should look elsewhere
- Anyone set on a secured credit card instead of a debit card, such as Varo Believe Secured Credit Card at $0
- Readers who want a secured Visa credit card, where Chime Card (Secured Visa Credit Card) lists $0
- People comparing on price in another currency, since Wise also lists £0
The company behind it
Moniepoint has been operating since 2019, and its banking arm, Moniepoint Microfinance Bank Limited, is the entity behind the account, regulated by the Central Bank of Nigeria. That puts the card inside a licensed bank rather than a standalone fintech balance. Help runs on chat and help centre, so day to day questions are answered in app chat or through the help centre.
How Moniepoint compares
8.5 vs 9.4
8.5 vs 9.0
8.5 vs 8.9
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8.5 vs 9.0
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8.5 vs 9.2
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8.5 vs 8.8- 8.5 vs 8.8
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8.5 vs 8.3
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8.5 vs 8.0
8.5 vs 8.0
Where Moniepoint is available
- Available
- Nigeria
- Licence in Nigeria
- Central Bank of Nigeria, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a Moniepoint account cost each month?+
The listed monthly fee is NGN 0, so there is no monthly charge for holding the account. That matches Wise at £0 and Varo Believe Secured Credit Card at $0. Ask the help centre about any other charges before opening an account.
Is this a debit card or a prepaid card?+
It is a debit card, so spending draws on the money in the linked bank account rather than a prepaid balance. Across the cards listed, 20.4% are prepaid and 5.3% are virtual, so the type matters when weighing flexibility.
Who holds the money, and is the account regulated?+
The account is run by Moniepoint Microfinance Bank Limited, regulated by the Central Bank of Nigeria, so the balance sits with a licensed bank rather than an unregulated fintech wallet. Moniepoint has been building the business since 2019, with help on chat and help centre alongside it.
How do I get help if something goes wrong?+
Support runs on chat and help centre, meaning in-app chat and a help centre, with no phone line listed. Phone support is common elsewhere: 67.3% of the cards compared include it, while 75.6% include a help centre.
How does Moniepoint compare with other debit cards?+
The debit ranking holds 1,363 brands, 291 of them licensed, and every card there is a debit card. Moniepoint's monthly fee of NGN 0 sits at the €0 median for that group.
How does the fee compare with business accounts?+
Business accounts in the ranking run to a monthly fee of €99 at the top end, while the Moniepoint account charges NGN 0. Support works the same either way, on chat and help centre only, so the choice turns on the account type.
Would a secured credit card suit me better?+
Varo Believe Secured Credit Card charges a monthly fee of $0 and Chime Card (Secured Visa Credit Card) charges $0, so cost is not the difference. The difference is the product: both are credit cards, while Moniepoint is a debit card.
Sources
- moniepoint.com/about checked September 26, 2026
Backs: Founded
“In 2019, Moniepoint set out to even the odds”
- moniepoint.com/banking checked September 26, 2026
Backs: Monthly fee
“We offer business owners and their customers a free bank account - Banking”
- moniepoint.com/ng/about checked September 26, 2026
Backs: Licences
- moniepoint.com/ng/contact checked September 26, 2026
Backs: Legal entity, Support channels
“Moniepoint Microfinance Bank Limited is authorised and regulated”
- moniepoint.com/ng/digital-banking checked September 26, 2026
Backs: Card type
“Get an instant debit card that works - Personal Banking app”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.