How to Change Your Settlement Bank Account

To change the commercial bank account linked to your Monnify profile, follow these steps:

  1. Log in to your Monnify account and click Settings from the left-hand menu.
  2. Click the Bank accounts tab.
  3. Click Edit, enter the new account details, and save the changes.

  1. 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:

  1. Name Match: The new bank account name must match your CAC-registered business name.
  2. Accepted Banks: We settle only into commercial bank accounts or recognized Microfinance Banks (MFBs). For compliance reasons, we do not settle into virtual accounts.