Whether you are paying suppliers or settling employee salaries, Monnify allows you to execute secure payouts directly from your dashboard.

Note for Engineering Teams: This feature can be used via the Monnify dashboard or API. This guide covers the dashboard setup. To integrate this feature using the API, see the Disbursement API Documentation.

Step 1: Request Feature Access

Payouts involve moving funds out of your account, so the feature requires a one-time activation. To request access, send an email from the email address linked to your Monnify account.

1. Send to: [email protected]
2. Subject: Need to Set up Payouts: [Your Business Name]
3. Body: Provide your Monnify Business Code, and a brief description of your intended use (e.g., paying vendors, staff salaries)

Tip: You can find your Business Code at the top of your dashboard menu.

Our team typically reviews and activates requests within 24 hours. You'll receive a confirmation email within the same email thread once the feature is enabled.

Step 2: Initiate a Payout

Once activated, follow these steps to make a payout:

1. Log in to your Monnify Dashboard and click Transfers from the left-hand menu
2. Click Make a Transfer in the top right corner.

3. Choose your transfer type:

1. Single Upload: For one-off payments to single or multiple accounts. Enter the required details: destination bank, account number, amount, and narration. Then click Add. You can save the account as a beneficiary for faster future payments later.
2. Bulk Upload: For payroll or multi-vendor payments. Upload an Excel sheet with all account details and amounts. A template is available to download directly on that page.

4. Once your transfers are added, they will appear in a list in the other column. Review the details and click Transfer.

5. The system will prompt you to enter an OTP for security verification. Enter the OTP to authorize the payout.

Need to delegate this task? If you want your team to handle payouts without risking unauthorised transfers, see our guide on Setting Up Team Permissions for Payouts.