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backYour finances are valuable, and this is why, at Moniepoint, we constantly provide new ways to make your banking experience more convenient, speedy, safe, and reliable.
You can now sign in to your Moniepoint personal bank account with your email address or phone number.
It gets better because, in addition to your BVN, you also have the option to use your National Identification Number (NIN) as verification for your KYC-level upgrades.
Let's explore the simple steps to follow.
What is your National Identity Number?
Your National Identity Number (NIN) is an 11-digit number assigned to you when you complete enrollment into the National Identity Database (NIDB). This unique number is randomly generated and given to individuals aged zero and above.
Financial institutions such as Moniepoint MFB use your NIN to confirm your records in the database and verify your identity.
You can easily enrol for your NIN at any verified enrollment NIMC Enrolment Centre with any of the required original and valid supporting documents such as your BVN, driver's license, voter's card, etc.
Getting Onboarded to your Moniepoint Personal Banking Account using your National Identity Number
You can open a Moniepoint Personal Banking account in minutes using your NIN and verify your identity at different KYC levels. Follow the steps below:
Download the updated Moniepoint Personal Banking application from the App Store or the Google Play Store.
Sign up using your phone number or email address and set up your password and transaction pin.
Log into your account and click “Proceed” on the “Create Account” section.
You will see the requirements for upgrading to KYC level 1.
You will receive an option to select either the NIN or BVN verification. Choose NIN and click on "Next".
An NIN detail is displayed if your registered phone number links to it. If the details belong to you, click "Yes, it is". If it doesn't, click "No, it's not".
If the displayed details do not belong to you, you can input your NIN and click "Next". You can also dial the code *346# on your registered phone number for a network service fee of N20 if you can’t remember your NIN,
You will be required to carry out a face verification to confirm if an actual person is opening the account and to verify that your picture matches that on your NIN database. You will be presented with prompts on the steps to follow. Click on "Proceed". Properly position your face in the oval and smile for a camera capture.
Once you confirm that the image is of good quality, click "Yes, use this" and "Continue" until you see the identity verified screen. Note that if your image does not match that on your NIN, you can retry verification.
After this, you will be asked to provide other KYC level one upgrading verification, such as your residential address and attestation.
What are the KYC Level Requirements for my Moniepoint Personal Banking Account?
Once you have successfully logged in to your Moniepoint personal banking dashboard, you will be required to upgrade your KYC levels.
This allows you to access the beneficial features of the app. Your Moniepoint Personal Banking app has three KYC levels with varying features and transaction limitations you can upgrade to.
You will need to provide the following requirements to upgrade:
KYC Level 1
Nationality
Your NIN or BVN details
Face Verification
Residential Address
Pep Status (Politically Exposed Person)
Source of Revenue
Attestation
The single credit limit for this level is N50,000, while the single debit limit is N50,000. On the other hand, the daily credit limit is N300,000, while the daily debit limit is N300,000.
KYC Level 2
BVN or NIN
Next of Kin details.
At this level, the single credit limit is N100,000, while the single debit limit is N100,000. Additionally, the daily credit limit is N500,000, while the daily debit limit is N500,000.
KYC Level 3
Proof of Address Verification
Indemnity
This final level has an unlimited single and daily credit limit; this means that your account has no credit transaction limit. On the other hand, your single debit limit is N5,000,000, while the daily debit limit is N25,000,000.
What do I do if my NIN is not Successfully Verified?
If you input your NIN and it does not go through successfully, follow the tips below;
Ensure you put in the right NIN. You can dial *346# from the number you used to register your NIN to confirm your NIN number. Note that this comes at a N20 cost from the network provider.
Please pay attention to the error you receive. If it reads "Invalid NIN", the NIN number you put in is invalid, and you will need to try again or retrieve the correct one.
If you encounter an error of "Verification failed", contact our customer support representatives by calling +234 201 888 9990 or email [email protected]. Doing so gives you a better explanation of the ongoing issue and a solution to it.
Conclusion
You can easily sign up for your Moniepoint Personal Banking app using your NIN verification for your KYC levels. At Moniepoint, we offer you banking services at your convenience. Download the personal banking app and sign up to get started.
