If you send money on the Moniepoint app often, especially to certain people, typing account details every time can be stressful. It also increases the risk of mistakes. Instead, add a these beneficiaries to the app.

Interestingly, Moniepoint offers adding beneficiary on its bank app. Simply save the any recipient’s account details (name, account number and bank name) during transfer and you will not need to enter them when sending money to the same person again. This saves time and makes your transactions smoother.

What you will learn in this post:

• Why save recipients account details on Moniepoint app
• Step-by-step guide to add a beneficiary on Moniepoint
• Benefits of adding recipient on the bank app
• Other Ways to Send Money Promptly on the app

Why Save Beneficiaries on Moniepoint App

Adding beneficiaries on Moniepoint helps solve several common problems people face when transferring money. This inludes:

• Avoids Entering Account Details Repeatedly:
  One of the biggest frustrations during bank transfers is having to type the same account number every time. By saving a beneficiary, you no longer need to enter the recipient’s details for future transactions.
• Reduces repeated typing errors:
  Manually typing account numbers can lead to mistakes. Saving beneficiaries helps you avoid sending money to the wrong account.
• Solves the Problem of Slow Transfers:
  When you are in a hurry, searching for account numbers in messages, contacts, or notes can waste time. Saved beneficiaries allow you to select the recipient instantly and complete your transfer much faster.

Steps on How To Add a Beneficiary on Moniepoint App

Follow these simple steps to add and save a beneficiary on the Moniepoint app. This process happens during a transfer.

Step 1 – Open the Moniepoint App

Launch the Moniepoint app on your smartphone (Android or iPhone).
Then. log in using your registered phone number and password or biometric (fingerprint/face ID).

Step 2 – Go to Transfer Section

Once you are on the dashboard, tap on “Transfer.”
This is where you send money and manage beneficiaries.

Step 3 – Enter Recipient Account Number and Select Bank

Type in the recipient’s account number.
Then select the correct bank from the list.
The app will display the account name. Confirm it is correct.

Step 4 – Save Recipient Account Details

After confirming the account details, turn on the gear icon beside Save Recipient?
This ensures the account will be saved as a beneficiary after the transfer.

Step 5 – Enter Transfer Amount

Enter the amount you want to send.
Then tap “Continue” to move to the next step.

Step 6 – Send Money

Review the transaction details carefully.
If everything is correct, tap “Pay.”
Enter your transaction PIN to complete the transfer.

Step 7 – Beneficiary Saved Automatically

Once the transaction is successful, the beneficiary will be saved automatically.
You can now select this person easily for future transfers.

Benefits of Saving Recipient Account Details on Moniepoint

Adding beneficiaries on Moniepoint is more than just saving account details. It makes your banking experience faster, easier, and more convenient.

• Faster Money Transfers
  Once a beneficiary is saved, you do not need to enter the account number and bank details every time you want to send money. Simply select the beneficiary from your saved list and complete the transfer within seconds.
• Saves Time
  If you regularly send money to family, friends, customers, or business partners, saving them as beneficiaries helps you avoid repeating the same process for every transaction.
• Convenient for Frequent Transactions
  People who make regular payments to the same accounts will find this feature very useful. Whether it is for business payments, rent, school fees, or family support, saved beneficiaries make transactions more convenient.
• Better User Experience
  Instead of searching for account details in messages, notes, or contacts, everything is stored within the Moniepoint app. This creates a smoother and more stress-free banking experience.

Alternative Way to Send Money Promptly on Moniepoint

Apart from saving a beneficiary during a transfer, there are a few other simple ways to quickly send money on Moniepoint app.

• Add Recurring Transfer. This allows you to schedule a specific amount of money to be sent automatically to the same beneficiary at regular intervals, such as daily, weekly, or monthly.
• Use transaction history to re-save
  You can go to your transaction history, find a previous transfer, and select it.
  From there, you can copy the details and send money again.

Frequently Asked Questions (FAQs)

• Can I add a beneficiary without sending money on Moniepoint app?
  Yes, you can on the Moniepoint app. You just need to abort the transfer process after toggling on the Save recipient?
• Where can I find my saved beneficiaries?
  You can find them in the Transfer section of the app. Tap on Saved or Select Beneficiary section to view all stored accounts.
• Can I delete a saved beneficiary on Moniepoint?
  Yes. You can remove a beneficiary anytime from the Manage Beneficiaries section in the app.

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Summary

Moniepoint makes it easy to send money when you add and save beneficiaries on the app. It helps you avoid repeated typing, reduces errors, and makes transfers faster and more convenient.

Moniepoint allows you to save a beneficiary during a normal transfer process, and the details are stored automatically once the transaction is successful.

To recap:

• Open the Moniepoint app and log in
• Go to the Transfer section
• Enter the recipient’s account number and select the bank
• Toggle on “Save Recipient?”
• Enter the amount and complete the transfer
• Confirm the beneficiary is saved under the saved list
• Enjoy faster and easier future transfers

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