Convert USDT on any supported network and receive naira to your Palmpay account in 5–15 seconds.
Direct payout to Palmpay • 5–15 seconds typical clearing
PalmPay clears Monica payouts almost instantly and supports both personal and merchant accounts. Common choice for Lagos and Abuja young professionals. The flow on Monica is the same regardless of bank what differs is the timing on the bank side. Palmpay sits in the digital bank category, with typical clearing of 5–15 seconds for NIBSS instant transfers.
Open Monica, go to Bank Accounts, choose Palmpay, enter your account number. Auto-verified in seconds.
From your external wallet, send USDT to your permanent Monica deposit address. Use the network shown beside the address.
Once onchain confirmation lands, naira credits to your Monica balance at the live mid-market rate. 0% fee.
Tap Withdraw, choose your saved Palmpay account, type the amount. NIBSS clears in 5–15 seconds.
Monica auto-verifies the account name when you add a Palmpay 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 5–15 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 Palmpay 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.
"I send to my mum's Palmpay account every month. Seconds now, instead of begging aboki for a rate."
"App is clean and easy. My uncle who barely uses a smartphone figured it out in minutes."
"Small gripe it logged me out once and I had to sign in again. But payouts are genuinely instant."
"Money no dey delay. That is all I want from a crypto app, and Monica delivers."
5–15 seconds typical clearing. PalmPay clears Monica payouts almost instantly and supports both personal and merchant accounts. Common choice for Lagos and Abuja young professionals.
No. Monica charges 0% on all bank withdrawals including Palmpay. The amount you see in the withdrawal screen is the amount that hits your Palmpay account.
₦5,000,000/day default. Higher limits available for verified business accounts common for traders moving large USDT volumes for supplier payments.
Yes. Palmpay processes NIBSS instant transfers 24/7 including weekends and public holidays. Sunday-night Monica withdrawals to Palmpay clear at the same speed as weekday withdrawals.
Yes. Both account types are supported. Business accounts at Palmpay can request higher daily limits via Monica support.
That's a Palmpay 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 Palmpay from the list, enter your account number. The system auto-verifies your account name. Save and use for future withdrawals.
Yes PalmPay clears Monica payouts almost instantly and supports both personal and merchant accounts. Common choice for Lagos and Abuja young professionals.
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 Palmpay account, deposit crypto, withdraw naira in 5–15 seconds.
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