Sub Accounts let you route incoming payments into other external accounts (apart from your main settlement account). Instead of manually calculating and splitting revenue, you set a percentage for each sub-account, and Monnify handles the distribution automatically.

This is ideal for paying vendor commissions, setting aside tax provisions, or keeping different revenue streams cleanly separated.

How to Set Up Sub Accounts

Note for Engineering Teams: Sub Accounts can be created via the dashboard or API. This guide covers the dashboard setup. For API integration, refer to the Transaction Splitting / Sub Accounts Developer Documentation.

Step 1: Request Feature Access

From the email address linked to your Monnify account, send a request to our team:

1. Send to: [email protected]
2. Subject: Need to Set Up Sub Accounts: [Your Business Name]
3. Body: Provide your Monnify Business Code, specify where you want the feature activated (Dashboard UI, API, or both), and briefly describe your intended use case.

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

Step 2: Create Your Sub Accounts

Our team typically reviews and activates these requests within 24 hours. Once approved, you'll receive a confirmation email and a Sub Accounts option will appear in your dashboard menu.

1. On your Monnify Dashboard menu, click Sub Accounts.
2. Click Create a Sub Account.

3. Fill in the necessary details in the pop-up form. This includes the destination bank account details and the percentage of revenue this sub-account should receive from every split transaction.

4. Click Create Account to save.

Note: Your Sub-Accounts can be any valid bank account.