MTN MoMo Code Nigeria: how to open momo account on MTN
MTN MoMo is one of the leading mobile money services in Nigeria, providing a wide range of financial services to its users. This article cover everything you need to know about MTN MoMo, including the MTN MoMo code, how to open a MoMo account, making money with MTN MoMo, checking your MTN MoMo limit, and how to block or deactivate your MTN MoMo account.
Table of contents
What is MTN MoMo?
MTN MoMo is a mobile money service provided by MTN Nigeria, enabling users to perform various financial transactions using their mobile phones. With MTN MoMo, you can send and receive money, pay bills, buy airtime, and much more without the need for a traditional bank account. It offers a convenient and secure way to manage your finances.
MTN MoMo Code
The MTN MoMo code is a USSD code that allows you to access MTN MoMo services directly from your mobile phone. The MTN MoMo code is *671#. By dialing this code, you can easily navigate through various options and perform transactions such as sending money, buying airtime, paying bills, and checking your balance.
How to Open MoMo Account on MTN
Opening a MoMo account on MTN is a straightforward process that can be done in a few simple steps:
- Dial the MTN MoMo Code: Dial *671# on your MTN line.
- Select Register: Choose the ‘Register’ option from the menu.
- Enter Your Details: Follow the prompts to enter your personal information, such as your name and date of birth.
- Create a PIN: Create a secure 4-digit PIN that you will use to authorize transactions.
- Confirmation: You will receive a confirmation message indicating that your MoMo account has been successfully created.
Once your account is set up, you can start using MTN MoMo services immediately.
How to Make Money with MTN MoMo
MTN MoMo offers several opportunities for users to make money. Here are some ways you can earn with MTN MoMo:
1. Becoming an MTN MoMo Agent
MTN MoMo agents are individuals or businesses that facilitate MoMo transactions for customers. As an agent, you earn a commission for every transaction you process. To become an MTN MoMo agent, follow these steps:
- Apply Online: Visit the MTN MoMo agent application portal and fill out the application form.
- Submit Required Documents: Provide necessary documents, such as a valid ID, business registration certificate, and passport photographs.
- Training: Attend training sessions organized by MTN to understand the MoMo services and how to perform transactions.
- Get Approved: Once your application is approved, you will receive an agent ID and starter kit.
2. Providing MoMo Services
As an MTN MoMo agent, you can offer various services to customers, including:
- Cash Deposits: Customers can deposit money into their MoMo accounts through you.
- Cash Withdrawals: Customers can withdraw cash from their MoMo accounts.
- Bill Payments: Customers can pay bills such as electricity, water, and cable TV subscriptions.
- Airtime Purchase: Sell airtime and data bundles to customers.
By providing these services, you earn commissions and increase your income.
3. Referring Friends and Family
MTN MoMo has a referral program that allows you to earn money by referring friends and family to use the service. When someone you refer registers and starts using MoMo, you earn a referral bonus.
How to Check Your MTN MoMo Limit
MTN MoMo has transaction limits to ensure security and prevent fraud. To check your MTN MoMo limit, follow these steps:
- Dial the MTN MoMo Code: Dial *671# on your MTN line.
- Select My Account: Choose the ‘My Account’ option from the menu.
- Check Limits: Select ‘Check Limits’ to view your current transaction limits for deposits, withdrawals, and transfers.
MTN MoMo Transaction Limits
| Transaction Type | Daily Limit | Monthly Limit |
|---|---|---|
| Deposits | ₦50,000 | ₦500,000 |
| Withdrawals | ₦30,000 | ₦300,000 |
| Transfers | ₦20,000 | ₦200,000 |
How to Block Your MTN MoMo Account
If you lose your phone or suspect unauthorized access to your MoMo account, it is crucial to block your account to prevent fraudulent transactions. Here’s how to block your MTN MoMo account:
- Call MTN Customer Care: Dial 180 from any MTN line or 08031000180 from other networks.
- Provide Account Details: Provide your MoMo account details and answer security questions to verify your identity.
- Request Account Blocking: Request the customer care representative to block your MoMo account.
Alternatively, you can visit any MTN service center with a valid ID to block your account.
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How to Deactivate Your MTN MoMo Account
If you no longer wish to use MTN MoMo, you can deactivate your account. Follow these steps to deactivate your MTN MoMo account:
- Dial the MTN MoMo Code: Dial *671# on your MTN line.
- Select My Account: Choose the ‘My Account’ option from the menu.
- Select Deactivate Account: Follow the prompts to deactivate your MoMo account.
You can also visit an MTN service center with a valid ID to request account deactivation.
Benefits of Using MTN MoMo
Using MTN MoMo offers several benefits:
- Convenience: Perform transactions anytime, anywhere using your mobile phone.
- Security: Transactions are secured with a PIN, ensuring your money is safe.
- Accessibility: No need for a traditional bank account, making financial services accessible to everyone.
- Low Fees: Enjoy lower transaction fees compared to traditional banking services.
- Wide Range of Services: Access various services, including money transfers, bill payments, and airtime purchases.
Common FAQs About MTN MoMo
1. Can I use MTN MoMo if I am not an MTN subscriber?
No, MTN MoMo services are exclusive to MTN subscribers. You need an MTN line to register and use MoMo services.
2. Is there a minimum balance required to maintain a MoMo account?
No, there is no minimum balance required to maintain a MoMo account. You can keep any amount of money in your MoMo account.
3. Are there any charges for using MTN MoMo?
Yes, MTN MoMo charges minimal fees for certain transactions such as withdrawals and transfers. However, some services like checking your balance are free.
4. What should I do if I forget my MoMo PIN?
If you forget your MoMo PIN, you can reset it by dialing *671#, selecting ‘Forgot PIN,’ and following the prompts. You will need to answer security questions to verify your identity.
5. Can I link my MoMo account to my bank account?
Yes, you can link your MoMo account to your bank account to easily transfer money between the two accounts. This can be done through the MTN MoMo app or by visiting an MTN service center.
6. How to Open a MoMo Wallet in Nigeria
Opening a MoMo wallet in Nigeria is simple and straightforward. Follow these steps:
- Dial the MTN MoMo Code: On your MTN line, dial *671#.
- Create a PIN: Follow the prompts to create and confirm a secure 4-digit PIN.
- Receive Confirmation: You will get a confirmation SMS indicating that your MoMo wallet is ready to use.
MTN MoMo Nigeria offers a convenient, secure, and accessible way to manage your finances. Either by using it to send money, pay bills, or earn extra income as a MoMo agent, you can easily open a MoMo account, perform transactions, and take advantage of the various opportunities offered by MTN MoMo.
