Monibac

Monibac

About this app

Monibac is a digital platform that has garnered over 6000 registered users since its launch in January 2023. Offering a unique savings experience, Monibac allows users to save and earn competitive interest on their funds. Topping up your Monibac balance is hassle-free through bank transfers to your Monibac account.

Here's how it works:

Monilock:
Utilizing Monilock, you can lock your funds for a specified period with a minimum of 1000 NGN. During this lock-in period, your interest grows, and at maturity, both your savings and accrued interest are automatically returned to your Monibac balance. Monilock also features a built-in emergency option for users with locked funds before maturity.

Monipot:
With Monipot, you can automate your savings on a daily, weekly, or monthly basis, depending on your preference. You have the flexibility to choose your funding source from either your Monibac balance or daily deposits. Similar to Monilock, your savings and accrued interest are credited to your Monibac balance upon maturity.

Transparency:
The platform provides transparency by displaying your interest on both the Monipot and Monilock dashboards, allowing you to monitor its growth until maturity.

Flexibility:
Monibac enables users to run and monitor multiple Monipot and Monilock accounts simultaneously.

How it Works:

Download the App.
Register and create your account.
Fund your Monibac balance via bank transfer.
Select your preferred savings option.
Follow the prompts to activate your savings.
Monitor your savings until maturity.

Eligibility:

Must be above 18 years old.
Resides in Nigeria.

Contact Us:

Customer Service Email: [e-mail]
Customer Service Hotline: [phone]
Address: Block A211, Sura Shopping Complex, Lagos Island, Lagos State.

What’s new

Bug fix(users were unable to join a group, but now fixed)