Convert USDT on any supported network and receive naira to your Wema Bank (ALAT) account in 30–90 seconds.
Direct payout to Wema Bank (ALAT) • 30–90 seconds typical clearing
Wema Bank's ALAT digital arm gives users two ways to receive Monica payouts. Both clear via NIBSS in under 90 seconds. The flow on Monica is the same regardless of bank what differs is the timing on the bank side. Wema Bank (ALAT) sits in the tier 1 bank category, with typical clearing of 30–90 seconds for NIBSS instant transfers.
Open Monica, go to Bank Accounts, choose Wema Bank (ALAT), 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 Wema Bank (ALAT) account, type the amount. NIBSS clears in 30–90 seconds.
Monica auto-verifies the account name when you add a Wema Bank (ALAT) 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 30–90 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 Wema Bank (ALAT) 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.
"Money no dey delay. That is all I want from a crypto app, and Monica delivers."
"Support actually replied on WhatsApp and sorted my issue the same day. Rare these days."
"Small gripe it logged me out once and I had to sign in again. But payouts are genuinely instant."
"No drama. Deposit BTC, get naira. This is how it should have been all along."
30–90 seconds typical clearing. Wema Bank's ALAT digital arm gives users two ways to receive Monica payouts. Both clear via NIBSS in under 90 seconds.
No. Monica charges 0% on all bank withdrawals including Wema Bank (ALAT). The amount you see in the withdrawal screen is the amount that hits your Wema Bank (ALAT) account.
Standard CBN limits apply. Higher limits available for verified business accounts common for traders moving large USDT volumes for supplier payments.
Yes. Wema Bank (ALAT) processes NIBSS instant transfers 24/7 including weekends and public holidays. Sunday-night Monica withdrawals to Wema Bank (ALAT) clear at the same speed as weekday withdrawals.
Yes. Both account types are supported. Business accounts at Wema Bank (ALAT) can request higher daily limits via Monica support.
That's a Wema Bank (ALAT) 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 Wema Bank (ALAT) 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, Wema Bank (ALAT) clears in 30–90 seconds. Digital banks (Opay, Kuda, Moniepoint, Palmpay) are typically faster at 5 to 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 Wema Bank (ALAT) account, deposit crypto, withdraw naira in 30–90 seconds.
Download Monica