When you set up an automatic payment on the Moniepoint App, it send money to the recipient without you doing anything. This is useful. But sometimes, you may want to stop it.

Maybe you no longer need the transfer. Or you noticed an unexpected deduction. Knowing how to stop a recurring transfer helps you stay in full control of your money.

In this guide, I will show you exactly how to do it in a simple way.

Here is what you will learn:

• What a recurring transfer means on Moniepoint
• Why you may want to stop it
• Step-by-step guide to cancel it on the app
• What happens after you stop it
• Common issues and how to fix them

Why Stop a Recurring Transfer

There are several reasons you may want to stop a recurring transfer on the Moniepoint App.

• Avoid unnecessary deductions: You no longer need the payment, but it keeps going automatically
• Change in financial plans: Your budget or priorities may have changed
• Wrong setup or duplicate transfers – You may have set it up incorrectly or more than once
• Security reasons – You may notice a transfer you did not authorize

How To Stop Recurring Transfer on Moniepoint App

Follow these simple steps on the Moniepoint App to stop any recurring transfer on your account:

Step 1: Open the Moniepoint App

Launch the app on your mobile phone.
Log in with your registered phone number and password or use your biometric (fingerprint/face ID).

Step 2: Go to the Transfer Section

On your dashboard, locate and tap on “Transfer.”
This is where all transfer activities are managed.

Step 3: Access Recurring Transfers

Tap on the “More” icon on your screen.
Then select “Recurring.”
You will see a list of all your active automated transfers.

Step 4: Select the Recurring Transfer

Tap on the specific recurring transfer you want to stop.
Check the details like amount, recipient, and date to be sure it is the correct one.

Step 5: Stop the Recurring Transfer

You will see these 3 options below:

• Pause
• Edit
• Delete

Tap on the “Delete” option.
Enter your transaction PIN to confirm.
Once you confirm, the recurring transfer will be cancelled immediately.

What Happens After You Delete a Recurring Transfer?

After you stop a recurring transfer on the Moniepoint App, the change takes effect immediately.

Here is what to expect:

• Immediate cancellation – The recurring transfer is stopped right away
• No future deductions – You will not be charged again for that transfer
• Past transactions remain unchanged – Any money already sent cannot be reversed
• You can create a new one anytime – You are free to set up another recurring transfer if needed

This gives you full control over your payments and helps you manage your money better without stress.

FAQs

• Can I reverse a recurring transfer after stopping it?
  No. Once you stop it, only future payments are cancelled. Already sent money cannot be reversed.
• Will I be charged for cancelling a recurring transfer?
  No. Cancelling a recurring transfer on the Moniepoint App is completely free.
• How do I know the transfer has been cancelled?
  You will no longer see it in your recurring transfer list on the Moniepoint app.
• Can I pause instead of stopping a recurring transfer?
  Yes. Moniepoint also allows you pause it and resume it later.

Summary

Moniepoint makes it easy to manage your money, including stopping any unwanted recurring transfer on the Moniepoint App. Once you follow the right steps, you can quickly take full control of your automatic payments and avoid unnecessary deductions.

To recap, here are the key points from this guide:

• How to stop a recurring transfer on the Moniepoint app by going to Transfer → More → Recurring → Select transfer → Delete → Confirm with PIN
• What happens after cancellation: No future deductions and immediate stop

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