When you set up your Monnify account, you have complete control over where your daily revenue lands.

Your Settlement Destination Options

1. Monnify Wallet: Collected payments are held securely in your Monnify digital wallet. This allows you to accumulate your revenue until you’re ready to withdraw to your bank account manually. Monnify wallet is the default settlement destination
2. Bank Account: Collected payments are pushed directly into your settlement bank account at your next settlement time.

How to Make a Manual Withdrawal

If your settlement destination is set to your Monnify Wallet, moving funds to your bank account is quick and within your control.

1. On your Monnify dashboard menu, click Balances.
2. Click Withdraw on the right.
3. Enter the amount you wish to withdraw into your settlement account. (Your settlement account details are prefilled).
4. Enter the OTP when prompted. Your revenue will be withdrawn immediately.

How to Change Your Settlement Destination

To switch between your Monnify Wallet and your bank account as your settlement destination:

1. On your dashboard, go to Settings.
2. On the top navigation bar, click Contract Setup.
3. Click Edit Contract on the right.

4. Select your preferred settlement destination and click Save Changes

5. Click the back button to view your newly updated contract.