Updated October 13, 2026 · VaultCue Editorial Team
Moniepoint vs Vivid Money
Moniepoint
Vivid Money
Higher score in this comparison
Where Moniepoint and Vivid Money differ
| Compare | MoniepointReviewSee alternativesSee alternatives | Vivid MoneyReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | NGN 0 | €0 |
| Transfer fee | Free for Moniepoint-to-Moniepoint transfers to the same BVN; NGN 50 stamp duty on electronic transfers of NGN 10,000 and above | Free |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Currency conversion fee | Not confirmed | 0.25% |
| Currencies | Not confirmed | 22 |
| Local account details | Not confirmed | IBAN |
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Key differences
- Vivid Money is licensed in 1 more country.
- Support channels: only Moniepoint offers Phone, Email.
- Support channels: only Vivid Money offers Chat.
Our verdict on each
Moniepoint
Moniepoint leans toward businesses first, so personal everyday banking sits beside merchant tools rather than apart. Moniepoint Inc runs a combined payments, banking and operations platform that serves business owners and their customers across African markets seeking unified daily money management.
Vivid Money
Vivid Money suits people who want everyday spending plus savings in the same app without monthly upkeep, with the standard plan priced at €0 a month. Cash stays within instant access pockets that suit flexible savers who also move money across currencies for travel or daily life abroad.
Score breakdown
| Area | Moniepoint | Vivid Money |
|---|---|---|
| Cost | Not confirmed | 9.2Conversion priced at 0.25% keeps cross currency spend modest versus broader market levels |
| Offer | 9.2Higher | 9.1Interest pocket pays 3% on instant access balances with low entry threshold |
| Trust | 8.2 | 8.3HigherEligible balances covered by EU DGS up to EUR 100,000 with licensed EU supervision |
Every fact side by side
| Fact | Moniepoint | Vivid Money |
|---|---|---|
| Audience | Business | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Not confirmed | Digital only |
| Legal entity | Moniepoint Microfinance Bank Limited | Vivid Money B.V. |
| Headquarters | Nigeria | Netherlands |
| Founded | 2019 | 2019 |
| Support channels | Phone, Email, Help centre | Chat, Help centre |
Savings
| Fact | Moniepoint | Vivid Money |
|---|---|---|
| Headline rate | Not confirmed | 3% |
| Rate type | Not confirmed | Fixed |
| Minimum deposit | Not confirmed | €0.010 |
| Access terms | Not confirmed | Instant access |
| Account kind | Not confirmed | Easy access |
| Regulators | Not confirmed | Commission de Surveillance du Secteur Financier (CSSF), Dutch Authority for Financial Markets (AFM), Netherlands Authority for the Financial Markets (AFM) |
Where each stands against the rest
| Fact | Moniepoint | Vivid Money | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0.25%below the median | 0.5% |
| Currencies | Not confirmed | 22highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Moniepoint
Pros
- Combines payments acceptance, banking and operational tools in one platform.
- Serves more than 20,000,000 business and individual accounts.
- Provides expense cards plus accounting and book keeping support for firms.
Cons
- Business centred design leaves less room for standalone personal banking.
- African market focus limits relevance for people banking elsewhere.
Vivid Money
Pros
- Transfers cost free, which keeps routine euro moves easy to budget
- Supports 22 currencies and issues IBAN for getting paid across borders
- Savings start from €0.01 with withdrawals under Instant access for flexible access
Cons
- Support runs on chat and help centre only, so callers must use chat or articles
- Account is digital only through digital only, with no branch option for cash service
Who each suits
Moniepoint
Who it suits
- Business owners managing payments, banking and operations together
- Individuals handling everyday transactions through business linked accounts
Who should look elsewhere
- People seeking personal only banking outside African markets
Vivid Money
Who it suits
- Travellers and expats holding balances across currencies
- Flexible savers wanting instant access pockets in the same app
- App led users happy with chat based service
Who should look elsewhere
- Consider bunq if conversion cost matters most and you want to compare against 3%
- Consider Bit2Me if crypto linked services matter and you want to compare against 0.95%
- Consider eToro if trading features matter and you want to compare upkeep against £0
Current offers
Moniepoint
Current offer
Bonus
Get instant cash back on transfers
Source, checked September 26, 2026
Country by country
| Country | Moniepoint | Vivid Money |
|---|---|---|
| Kenya | Yes | No |
| Nigeria | Yes | No |
Questions about each
Moniepoint
What does Moniepoint offer businesses and their customers?+
Moniepoint covers payment acceptance for merchants together with business and personal banking. It also provides operational tools such as expense cards and accounting and book keeping support. Business loans help owners finance inventory and expand.
Who uses Moniepoint?+
Moniepoint serves small businesses through to large companies and also serves their customers. It reports trust from more than 20,000,000 business and individual accounts. Thousands of people around the world rely on it to grow business activity.
Vivid Money
What does Vivid Money charge for the account+
The standard plan is priced at €0 a month, which keeps upkeep predictable for everyday use. Transfers are listed at free, while currency conversion is listed at 0.25% for cross currency moves.
How many currencies can you hold+
Vivid Money supports 22 currencies, which helps if you hold balances for travel or pay across borders. Local euro details come through IBAN, making it easier to receive salary or transfers within the region.
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Moniepoint
Vivid Money