Withdrawing Funds from Your Monivest Wallet — Step by Step”

Purpose:
To guide members on how to safely withdraw funds from their Monivest wallet to a verified bank account, while staying compliant with AML rules.

Overview
Withdrawing funds is simple, secure, and fully traceable. Monivest ensures that all withdrawals go only to verified accounts to maintain compliance and protect your funds.

1️⃣ Access Your Withdrawal Portal

• Go to [Dashboard → Fund Wallet / Withdraw → https://app.monivest.ng/user/transactions]

• Click Withdraw

2️⃣ Choose Beneficiary Account

• Only bank accounts registered in your profile can receive withdrawals

• BVN-verified members can withdraw to any verified bank account

• Private mode members can withdraw only to the account matching their registration name

3️⃣ Enter Amount & Confirm

• Input the amount you want to withdraw

• Review the account number, name, and bank

• Click Confirm

Funds will be transferred automatically, usually within seconds to a few minutes depending on bank processing.

4️⃣ Compliance Note

• All withdrawals must be linked to legitimate cooperative activity (savings, investment, or loan transactions)

• Monivest does not allow wallets to be funded solely for withdrawal

• This protects both members and the cooperative from AML violations

5️⃣ Tracking Your Withdrawal

• Check your [Transaction List → https://app.monivest.ng/user/transactions]

• Status updates:

  • Pending: Bank processing

  • Completed: Funds transferred

  • Failed: Recheck bank details or contact support

6️⃣ Tips & Best Practices

• Always use your verified beneficiary bank account

• Keep a screenshot or note of each withdrawal for your records

• Contact [Support → https://app.monivest.ng/user/ticket/all] if funds do not arrive within expected time

Pro Tip:
Withdraw in batches aligned with your cooperative plans to keep better track of funding and returns.