What To Do If Your Moniepoint Account Is Restricted.

So you just opened your Moniepoint account one day and realize it has been restricted. And so there you are wondering why it was restricted. I know seeing your account restricted can be frustrating, especially when you don’t know the reason why. Firstly, you need to understand that your account restriction is put in place for your security rather than slowing down your transactions.

Account restrictions can include transaction restriction, withdrawal limit or even freezing the account. And the restrictions are imposed by the bank on certain accounts. And most times, when you account gets restricted its because of something you’re doing wrong.

So in this article, I will tell you why your account can get restricted, what to do if your account gets restricted, etc. So keep reading on.

Limitations For Moniepoint Accounts.

Personal Account:

These are the personal account levels and their limits.

Level 1: Credit limit is N500,000.
- Daily debit limit is N50,000.
Level 2: Credit limit is N5,000,000.
- Daily debit limit is N900,000.
Level 3: This final level has no limits.

Business Account:

These are the business accounts and their limits.

Level 1: Credit limit is N500,000.
- Daily debit limit is N50,000.
Level 2: Credit limit is N5,000,000.
- Daily debit limit is N9,000,000.
Level 3- 5: At these levels, there are no limits.

Reasons Why Your Moniepoint Account Can Get Restricted.

The following are some reasons why your Moniepoint account can get restricted.

Multiple failed login attemps.
Superseding your account limits.
Fraudulent activities.
Incomplete documents uploaded.