How to Change Your Settlement Bank Account
To change the commercial bank account linked to your Monnify profile, follow these steps:
- Log in to your Monnify account and click Settings from the left-hand menu.
- Click the Bank accounts tab.
- Click Edit, enter the new account details, and save the changes.
- Once updated, our team will verify the details and apply the update promptly.
Key Rules
Before submitting your request, ensure your new bank account meets the following requirements:
- Name Match: The new bank account name must match your CAC-registered business name.
- Accepted Banks: We settle only into commercial bank accounts or recognized Microfinance Banks (MFBs). For compliance reasons, we do not settle into virtual accounts.