How to Delete, Close or Deactivate My Moniepoint Account Without Stress

Sponsored Links

Are you looking to close or deactivate your Moniepoint account? Closing or deactivating an account can be a straightforward process when you have the right information and guidance. This comprehensive guide will walk you through the steps on how to close or deactivate your Moniepoint account without stress. 

Whether you no longer use the Moniepoint app, have concerns about security, or simply wish to discontinue your account, we’ve got you covered. Read on to learn the easy and hassle-free methods to close or deactivate your Moniepoint account and ensure a seamless experience throughout the process.

Reasons For Closing Or Deactivating Moniepoint Account 

There can be various reasons why someone might choose to close or deactivate their Moniepoint account. Some common reasons include:

  1. No longer using the Moniepoint app: If you have stopped using the Moniepoint app for financial transactions or have switched to an alternative service, you may want to close or deactivate your account to minimize clutter and maintain better control over your financial accounts.
  2. Concerns about security: If you have any security concerns regarding your Moniepoint account, such as unauthorized access or suspicious activities, it is advisable to close or deactivate your account to protect your personal and financial information.
  3. Changing financial service providers: If you have decided to switch to a different financial service provider or have found another platform that better suits your needs, closing or deactivating your Moniepoint account allows you to transition smoothly to your new provider.
  4. Inactive account: If your Moniepoint account has been inactive for an extended period and you no longer plan to use it, closing or deactivating the account can help you streamline your financial accounts and reduce the risk of unauthorized access.
  5. Personal preference: Ultimately, the decision to close or deactivate a Moniepoint account can be based on personal preference. Some individuals may prefer to limit the number of active accounts they have or simplify their financial management by closing accounts they no longer use.
Also Read  Best Banks For POS Business In Nigeria 2023

It’s important to note that the decision to close or deactivate your Moniepoint account should be carefully considered, and you should ensure that all outstanding transactions and obligations are resolved before proceeding.

What Happens After Closing or Deactivating Your Moniepoint Account. 

After closing or deactivating your Moniepoint account, several things may occur:

  1. Loss of access: Once your Moniepoint account is closed or deactivated, you will no longer have access to the account and its associated features. This includes the inability to log in, view transaction history, or perform any financial transactions using the Moniepoint app.
  2. Account balance: Prior to closing or deactivating your account, it is essential to ensure that you have withdrawn or transferred any remaining funds in your Moniepoint account. If there are any funds left in your account, you should initiate a withdrawal or transfer them to an alternative account or payment method.
  3. Cancellation of services: Closing or deactivating your Moniepoint account will result in the cancellation of any services or features associated with the account. This includes the termination of loan facilities, access to virtual cards, and other Moniepoint-specific offerings.
  4. Data retention: Moniepoint may retain certain information related to your account and transactions in accordance with their data retention policies and legal obligations. However, your personal information should no longer be accessible or actively used once the account is closed or deactivated.
  5. Communication cessation: Following the closure or deactivation of your Moniepoint account, you may no longer receive communications, notifications, or updates from Moniepoint unless required for legal or regulatory purposes.

It is important to note that the specific procedures and outcomes may vary depending on Moniepoint’s policies and terms of service.

Step By Step Process To Delete, Close or Deactivate Your Moniepoint Account 

To close or deactivate your Moniepoint account, follow these step-by-step instructions:

  1. Launch the Moniepoint app: Open the Moniepoint mobile application on your device. Make sure you are logged in to your account.
  2. Access the account settings: Look for the account settings or profile section within the app. It is usually represented by an icon or a menu option located in the navigation menu or at the top-right corner of the screen.
  3. Locate the account closure option: Once you are in the account settings, search for an option related to closing or deactivating your account. It might be labeled as “Close Account,” “Deactivate Account,” or something similar. Tap on that option.
  4. Follow the closure procedure: Moniepoint may require you to provide additional information or go through a verification process to proceed with the closure. Follow the on-screen instructions and provide the necessary details as requested.
  5. Confirm the closure: After completing the required steps, you will usually be prompted to confirm the closure or deactivation of your account. Take a moment to review the details and ensure that you understand the consequences of closing your account.
  6. Submit the request: Once you are ready, submit your account closure request. This action is typically irreversible, so ensure that you genuinely want to close or deactivate your Moniepoint account.
  7. Confirmation and notification: Moniepoint will send you a confirmation message or notification regarding the closure of your account. This notification may be sent via email, SMS, or within the app itself. Keep an eye out for any further instructions or information provided.
Also Read  Kuda Bank Signup and Registration: How to Open Kuda Bank Account, How to Make Payments (Send and Receive Money) With Kuda Bank App

Read Also: Palmpay loan: How to Borrow Money From Palmpay App Easily


How do I close my Moniepoint account? 

To close your Moniepoint account, you can follow the account closure process provided by Moniepoint. This typically involves contacting Moniepoint customer support and following their instructions.

How do I contact Moniepoint customer care? 

You can contact Moniepoint customer care by reaching out to their customer support channels. This can include their official website, social media platforms, or email. You can find the contact information on the Moniepoint website or app.

What is another name for Moniepoint POS? 

 Moniepoint POS is also known as Moniepoint Agent Banking or Moniepoint Agent Network.

Who is the founder of Moniepoint? 

The founder of Moniepoint is Abdulhamid Hassan.

Who is the MD CEO of Moniepoint? 

The MD CEO (Managing Director and Chief Executive Officer) of Moniepoint is Abdulhamid Hassan.


In conclusion, closing or deactivating your Moniepoint account is a straightforward process that can be done without unnecessary stress. By following the step-by-step instructions provided and considering the implications beforehand, you can successfully close or deactivate your account. 

It is important to understand the impact this decision may have on your financial activities and to explore alternatives before taking this step. Remember to safeguard your personal information and reach out to Moniepoint support if you require any assistance. By making an informed decision, you can confidently proceed with closing or deactivating your Moniepoint account, ensuring a smooth transition and maintaining control over your financial choices.

Leave a Reply

Sponsored Links