How to Send Money to an MTN MoMo Agent Wallet in Nigeria: A Step-by-Step Guide

How to Send Money to an MTN MoMo Agent Wallet in Nigeria: A Step-by-Step Guide

MTN MoMo has become a very popular and convenient way for Nigerians to transfer funds using just their mobile phones. As an MTN MoMo agent, receiving transfers into your agent wallet is crucial for maintaining liquidity to serve customers.

This comprehensive guide provides step-by-step instructions on the two main methods to send money into an agent’s MTN MoMo wallet.

How to Send Money to an MTN MoMo Agent Wallet in Nigeria: A Step-by-Step Guide


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Overview of MTN MoMo Services

First launched in 2019, MTN MoMo enables users to complete a range of financial transactions directly from their mobile device without needing a bank account. Key features include:

  • Mobile wallet – Customers can store funds in a digital wallet linked to their phone number.
  • Payments – Send/receive domestic transfers, pay bills, merchants, bank transfers.
  • Loans – Access instant microloans and quick loans via MoMo.
  • Savings – Earn interest by saving in a MoMo Savings wallet.
  • International transfers – Receive remittances from overseas.

With over 9 million active users in Nigeria, the agent network provides vital cash-in and cash-out access points. Agents earn commissions for facilitating MoMo transactions with consumers.

Methods to Send Money to an Agent Wallet

There are two primary ways to send money into the MTN MoMo wallet of an agent:

1. Bank Transfer to MoMo Wallet

You can transfer funds directly from your personal bank account into the recipient agent’s MTN MoMo wallet using your banking app, USSD, or ATM.

2. Cash Deposit with Agent

Physically visit an MTN MoMo agent location to deposit cash along with the recipient details to transfer the funds.

Let’s look at the step-by-step process for each method:

Method 1 – Bank Transfer to MoMo Wallet

Using Mobile Banking App

  1. Log into your bank’s mobile app and go to Transfers or Make Payment.
  2. Select “Transfer to Mobile Wallet” or similar option.
  3. Choose “MTN” as the mobile money provider.
  4. Input the recipient’s registered MTN mobile number.
  5. Enter the transfer amount and additional details if required.
  6. Review all details carefully before confirming the transaction.

Using USSD Code

  1. Dial the money transfer USSD code specific to your bank (e.g. *426# for Access Bank).
  2. Follow the prompts and select “MTN” as the mobile money provider.
  3. Input the recipient’s registered MTN mobile number.
  4. Enter the transfer amount when prompted.
  5. Review details carefully before confirming the transfer.

Method 2 – Cash Deposit with MoMo Agent

  1. Locate a nearby MTN MoMo agent outlet. You can use the MoMo app or dial *223# to find agents.
  2. Visit the agent location and state you want to deposit cash to send to a MoMo recipient.
  3. Provide the agent with:
  • Your registered MTN phone number
  • Recipient’s full phone number
  • Exact cash amount you wish to deposit
  1. The agent will process the transaction. Do not share your wallet PIN with the agent.
  2. You will receive a confirmation SMS once the transfer is completed.

Step-by-Step Example

Let’s look at a full example of sending 15,000 Naira into an MTN MoMo agent’s wallet from your Access Bank account using the mobile app:

  1. Launch the Access Bank mobile app on your phone and log in.
  2. Tap on “Transfer” or “Make Payment” and select “To Mobile Wallet”.
  3. Choose “MTN” as the mobile money provider.
  4. Enter the registered MTN phone number of the MoMo agent recipient. For this example: 081XXXXXXX.
  5. Input 15,000 as the transfer amount.
  6. Add any optional narration or instructions for the recipient agent.
  7. Carefully review the payee name, number, amount and other details to ensure accuracy.
  8. Submit the transfer and input your banking app PIN when prompted.
  9. You will receive confirmation the transfer has been completed successfully.
  10. The agent will also receive an SMS notification of the incoming funds to their registered MTN number.

Key Tips for Sending Money to an Agent Wallet

When transferring funds into an agent’s MoMo wallet, keep these tips in mind:

  • Accurately enter the recipient’s registered MTN phone number to avoid errors.
  • Start with smaller transfer amounts to confirm you have the right details, before sending higher amounts.
  • Triple check the amount entered before confirming any transfer.
  • Save/bookmark the agent’s details as a beneficiary in your banking app for quicker future transfers.
  • Notify the agent that you have sent the funds and to watch for the SMS confirmation.
  • Keep transfer receipts and confirmation messages for your records.

Following these tips will ensure smooth, error-free transfers into the recipient’s MoMo wallet.

Limitations and Restrictions

Be aware of the following limitations when sending money to MoMo wallets:

  • Daily transfer limits may apply, often around 300,000 Naira per day.
  • Monthly caps may also apply, typically 500,000 Naira per month.
  • Banks levy fees for mobile wallet transfers, often around 100 Naira per transaction.
  • Banks have transaction cutoff times, usually around 6-8pm daily.
  • Technical issues can occasionally delay real-time transfers.

Check with your specific bank for applicable fees, limits, terms and conditions when transferring to mobile wallets.

Troubleshooting Issues

If you encounter issues transferring to an agent’s MoMo wallet, here is how to troubleshoot:

  • Confirm you entered the correct MTN phone number of the recipient.
  • Check your data connection is working and try the transfer again.
  • For USSD transfers, retry the process avoiding any typos.
  • Contact your bank to confirm if any downtime or technical issues.
  • Ask the agent to confirm if they received the SMS notification of funds transfer.
  • If the problem persists, contact your bank’s customer service for next steps.

Keeping recipient details saved and having alternatives like cash deposits help avoid reliance on a single transfer method.

Best Practices for Managing Agent Wallet

As a MoMo agent managing incoming funds, employ these practices:

  • Monitor your wallet balance multiple times daily.
  • Keep detailed records of all incoming transfers and cash deposits.
  • Set up SMS or email alerts for wallet balance thresholds and incoming transfers.
  • Maintain a minimum float of around 20,000 Naira for uninterrupted customer service.
  • Avoid leaving large balances unused in your wallet. Transfer excess to your bank account periodically.

Proactively managing your MoMo agent wallet balance enables smooth operations and liquidity.


In summary, transferring money into an MTN MoMo agent’s wallet using bank transfer or cash deposit are both viable options with respective benefits. Following the step-by-step processes outlined for each method enables convenient funding so you can serve MoMo customers seamlessly.

Checking for any daily/monthly transfer limits, transaction fees, and technical issues beforehand helps avoid hiccups. With digital payments adoption accelerating across Nigeria, maintaining an adequately funded MoMo agent account is essential to operate a thriving agency.


Can I do a bank transfer to an agent wallet from any bank in Nigeria?

Yes, most major banks now enable mobile wallet transfers. Always confirm transfer fees and limits, which vary across banks.

Is cash deposit at an agent location safer than a bank transfer?

Cash deposits avoid bank transfer limits and technical issues. However, you incur travel and security risks moving cash. Assess your personal preferences.

How long do MoMo wallet transfers take?

Bank transfers are usually instant but can take 15-30 minutes during high traffic. Technical glitches may cause delays. Cash deposits credit instantly.

Can I transfer from my personal MoMo wallet to an agent wallet?

Yes. Use your MoMo app or dial *171# to send money to the agent’s registered MoMo number. Follow prompts and provide your PIN.

Can I deposit into multiple agent wallets at once?

Unfortunately, each cash deposit can only credit one recipient wallet. But you can conduct multiple separate deposits in sequence specifying different recipient wallets.

What details do I need from the agent to make a transfer?

You need the agent’s registered MTN mobile phone number to use as the recipient wallet account details for bank transfers and cash deposits.


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