Guide

How to Withdraw Naira from Monica to Your Bank

Naira withdrawal from Monica goes through NIBSS instant transfer. All Nigerian banks supported. Sub-60-second typical clearing.

This guide covers adding bank accounts, withdrawal limits, and handling failed transfers.

Monica Knowledge TeamLast updated: 14 July 2026 • 5 min read

1Add your bank account

Settings → Bank Accounts → Add. Enter account number; system auto-verifies name.

Tap Withdraw, choose bank, enter amount, confirm. NIBSS transfer fires.

Opay, Kuda, Moniepoint, Palmpay: 5 to 10s. GTBank, Zenith, Access, First Bank: 30 to 60s. Smaller banks: 1 to 3 min.

Reverse to Monica balance automatically. Re-attempt or use different bank.

All banks on NIBSS.

0% on Monica.

₦50M/24h verified default.

0% conversion fee, within 60s of confirmation payouts, 7 coins, all banks. Built for the Nigerian use cases this guide covers.

MTN, Airtel, Glo or 9mobile data paid from the naira balance in your Monica account.

Move naira from your Monica balance to your betting account in the app.

Settle your DStv or GOtv subscription from your Monica naira balance.

Clear your Ikeja Electric bill from the naira balance in your Monica account.

Amazon, Apple, Steam and other gift cards paid from your Monica naira balance.

Every bill you can pay from your Monica naira balance after you sell crypto.