When Will I Get My Money? Default and Express Settlements
Make sales and access your funds without breaking a sweat.
Settlement is the process by which the payments you collect from customers are moved to your account. Monnify handles this automatically on a daily basis.
The Default Schedule
By default, Monnify processes all payments received during the day and settles at 10:00 PM daily.
Note: Weekends and public holidays do not delay your settlement times.
Need Liquidity Now? Use Express Settlement
If you need access to your revenue before the default settlement time, the Express Settlement feature allows you to request an immediate withdrawal on demand.
Key details:
- You can trigger Express Settlement up to 3 times per day
- Minimum request amount: ₦5,000, no maximum limit applies
How to Request an Express Settlement:
- Log in to your Monnify dashboard.
- On the home page, select Get Settled Now (located just below Pending Settlements).
3. Complete the OTP verification prompt
4. Once verified, your outstanding settlement balance is immediately paid to your settlement destination