How do I run bulk payouts?
Go to Payouts > Bulk Transfer. Upload a CSV file with recipient details (name, bank, account, amount), review the summary, and confirm. Up to 5,000 re...
Last updated August 5, 2026
Bulk payouts let you pay multiple recipients in one batch.
How to run a bulk payout
- Open the app and go to Payouts > Bulk Transfer.
- Download the CSV template.
- Fill in the template with recipient details:
- Name
- Bank
- Account number
- Amount
- Upload the CSV file.
- Review the summary (total amount, number of recipients, fees).
- Confirm with your PIN.
CSV format
| Name | Bank | Account Number | Amount |
|------|------|---------------|--------|
| John Doe | GTBank | 0123456789 | 50,000 |
| Jane Smith | Access Bank | 9876543210 | 75,000 |
Limits
- Maximum recipients per batch: 5,000
- Maximum batch amount: ₦100,000,000
- Fee: ₦25 per recipient
Processing time
- Small batches (under 100 recipients): 1–5 minutes
- Large batches (100–5,000 recipients): Up to 30 minutes
Tips
- Verify all account numbers before uploading.
- Use the preview feature to check for errors.
- Download the report after processing for your records.
Tip: For payroll, schedule recurring bulk payouts to save time.
Need a hand? Email hello@cashmatrix.ng.