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Quick answer
To withdraw funds from your Wise account to Moniepoint, link your Moniepoint wallet, select the amount to withdraw, and confirm the transaction. It’s a straightforward process designed for Nigerian freelancers.
Why this matters for Nigerian freelancers in 2026
In 2026, the freelance economy in Nigeria is projected to grow, generating over $500 million in earnings. Understanding how to efficiently withdraw your income is crucial for maximizing your revenue. By using Wise, you can save up to 30% on international transaction fees compared to traditional banks. The convenience of instantly transferring money to your Moniepoint wallet can save you significant time—potentially 10 hours per month that can be redirected to your projects. This swift access to your funds allows you to make payments and manage your finances effectively in a rapidly evolving market.
Step-by-step: How to Withdraw from Wise to Moniepoint
- Set Up Your Wise Account: Sign up on the Wise website or app, and provide your email and password.
- Verify Your Identity: Upload your National Identification Number (NIN) and any other required documents for verification.
- Fund Your Wise Account: Transfer money from your clients or another account to your Wise account.
- Link Your Moniepoint Wallet: Log into your Moniepoint app to find your account number and return to your Wise account to add it as a recipient.
- Initiate the Withdrawal: Select the amount to withdraw, choose Moniepoint as the recipient, and confirm the transaction.
What are the fees and options for withdrawal?
| Service | Fee (%) | Speed | Best For |
|---|---|---|---|
| Wise | 1% | 1-2 hours | Fast international transfers |
| Moniepoint | 0.5% | Instant | Local transactions and cash access |
| Traditional Bank | 3% | 3-5 days | Large transfers with verification |
Real example: How a Lagos Freelancer Benefits
Oluwaseun, a freelance graphic designer based in Lagos, regularly receives payments from international clients. In April 2026, he earned $2,000 from a project. By using Wise to withdraw $1,000 to his Moniepoint wallet, he saved $30 in fees compared to using a traditional bank. This quick transfer meant he could pay suppliers immediately and invest in better tools for his work, ultimately increasing his productivity and earnings.
Common mistakes to avoid
- Not verifying your account: Always complete the verification process on Wise and Moniepoint to avoid delays.
- Entering incorrect account details: Double-check your Moniepoint account number to prevent failed transactions.
- Withdrawing small amounts frequently: Batch your withdrawals to minimize transaction fees and optimize costs.
- Ignoring transaction fees: Always be aware of the fees associated with each withdrawal method to maximize your earnings.
Frequently asked questions
- How do I create a Wise account?
Visit the Wise website or download the app, then follow the prompts to set up your account. - What documents do I need to verify my Wise account?
You will need your National Identification Number (NIN) and possibly other identification documents. - How long does it take to withdraw from Wise to Moniepoint?
Typically, withdrawals are instant or take a few hours, depending on network conditions. - Are there any fees for transferring to Moniepoint?
Yes, Moniepoint charges a fee of about 0.5% for incoming transfers. - What should I do if my transaction is delayed?
Check your Wise account for alerts and ensure your details are correct. If issues persist, contact customer support.
Navigating financial transactions as a freelancer in Nigeria can be simplified with the right tools and knowledge. By mastering the withdrawal process from Wise to Moniepoint, you not only gain access to your earnings but also enhance your financial management skills, ensuring you thrive in the competitive freelance landscape of 2026.