Each wallet is assigned a tier (Tier 1, 2, or 3) that determines its transaction limits and balance caps. Every wallet comes with a dedicated account number for easy identification and transactions.

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Tier Levels & Limits

Tier 1

  • Daily Transaction Limit: ₦50,000
  • Maximum Balance: ₦50,000
    Entry-level tier for basic transactions

Tier 2

  • Daily Transaction Limit: ₦200,000
  • Maximum Balance: ₦200,000
    Intermediate tier for moderate transaction volumes

Tier 3

  • Daily Transaction Limit: ₦5,000,000
  • Maximum Balance: Unlimited
    Advanced tier for high-volume transactions

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Requirements By Tier

Base requirements for any wallet creation:
  • Full Name
  • Phone Number
  • Email Address (Optional)
  • Bank Verification Number (BVN)
  • Date of Birth

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Wallet Operations

Credit wallet from merchant/business account:
  • Instant credit to wallet
  • Real-time balance update
  • Transaction receipt generation
Debit wallet to merchant/business account:
  • Instant debit from wallet
  • Balance verification
  • Transaction limits check
Transfer funds to and from wallet:
  • Transfer to any bank account
  • Receive funds from any bank
  • Real-time transaction processing
Receive transfers from any bank through:
  • Dedicated account number
  • Automatic balance updates
  • Real-time notifications
Temporarily suspend wallet operations with:
  • Automatic transaction block
  • Secure account protection
  • Instant reactivation

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Implementation Guide

  curl --location 'https://nini.monieswitch.com/wallet' \
    --header 'Authorization: Bearer {{merchantAPIKey}}' \
    --form 'name="Baba Rabby"' \
    --form 'email="[email protected]"' \
    --form 'phoneNumber="09088331131"' \
    --form 'tier="3"' \
    --form 'dateOfBirth="26-01-2000"' \
    --form 'bvn="23456789031"' \
    --form 'address="10, Wibby Street Aguda Lagos"' \
    --form 'documentId=@"/Users/neyosoft/Desktop/Background [email protected]"'

API

Refer to our API Documentation for integration details

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Important Notes

Transactions that would exceed the daily limit or maximum balance for a tier will be automatically declined.