Send BTC to your Monica wallet, receive naira to your Polaris Bank account in 60–120 seconds. The fastest BTC-to-Polaris Bank flow in Nigeria.
Direct payout to Polaris Bank • 60–120 seconds typical clearing
Polaris Bank (formerly Skye Bank) clears Monica payouts in 1–2 minutes. Reliable but slightly slower than the very largest tier-1 banks. The flow on Monica is the same regardless of bank — what differs is the timing on the bank side. Polaris Bank sits in the tier-1 bank category, with typical clearing of 60–120 seconds for NIBSS instant transfers.
Open Monica, go to Bank Accounts, choose Polaris Bank, enter your account number. Auto-verified in seconds.
From your external wallet, send BTC to your permanent Monica deposit address. Use the network shown beside the address.
Once on-chain confirmation lands, naira credits to your Monica balance at the live mid-market rate. 0% fee.
Tap Withdraw, choose your saved Polaris Bank account, type the amount. NIBSS clears in 60–120 seconds.
Monica auto-verifies the account name when you add a Polaris Bank account. If the name doesn't match, the system blocks the save — preventing payouts to wrong accounts before they happen.
If a NIBSS transfer takes longer than 60–120 seconds, the funds are guaranteed by the rail itself. Worst case: the amount reverses to your Monica balance within 24 hours and you can re-attempt.
If Polaris Bank restricts your account independently (PND, BVN issue, AML flag), the payout reverses cleanly to your Monica balance. You then withdraw to a different bank.
Failed bank transfers are reversed to your Monica balance automatically. No support tickets needed for the standard failure modes.
"Send TRX, get naira. That's the entire flow. After years of P2P, the simplicity is what hits."
"Honestly thought 0% fees was marketing nonsense until I checked the maths on three transactions."
"The best part isn't the speed. It's that I never have to argue with a vendor about rate again."
"Honestly thought 0% fees was marketing nonsense until I checked the maths on three transactions."
60–120 seconds typical clearing. Polaris Bank (formerly Skye Bank) clears Monica payouts in 1–2 minutes. Reliable but slightly slower than the very largest tier-1 banks.
No. Monica charges 0% on all bank withdrawals including Polaris Bank. The amount you see in the withdrawal screen is the amount that hits your Polaris Bank account.
Standard CBN limits apply. Higher limits available for verified business accounts — common for traders moving large USDT volumes for supplier payments.
Yes. Polaris Bank processes NIBSS instant transfers 24/7 including weekends and public holidays. Sunday-night Monica withdrawals to Polaris Bank clear at the same speed as weekday withdrawals.
Yes. Both account types are supported. Business accounts at Polaris Bank can request higher daily limits via Monica support.
That's a Polaris Bank matter, not a Monica one. If a withdrawal fails because your bank account is restricted, the naira returns to your Monica balance and you can withdraw to a different bank.
Open the Monica app, go to Settings → Bank Accounts, tap Add Account, choose Polaris Bank from the list, enter your account number. The system auto-verifies your account name. Save and use for future withdrawals.
Among the tier-1 commercial banks, Polaris Bank clears in 60–120 seconds. Digital banks (Opay, Kuda, Moniepoint, Palmpay) are typically faster at 5-10 seconds.
Monica works with every NIBSS-connected bank in Nigeria — every commercial bank, every digital bank, every microfinance bank. Tap any bank below for its dedicated payout page.
Add your Polaris Bank account, deposit crypto, withdraw naira in 60–120 seconds.
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