How do I send money?
Open the app, tap 'Send Money', enter the recipient's account number or phone number, enter the amount, review the details, and confirm with your PIN ...
Last updated August 5, 2026
Sending money with Cashmatrix is fast and free to other Cashmatrix users.
How to send money
- Open the app and tap Send Money.
- Enter the recipient's account number or phone number.
- Enter the amount you want to send.
- Review the details (recipient name, bank, amount).
- Confirm with your PIN or biometric authentication.
Transfer speeds
- Cashmatrix to Cashmatrix: Instant
- Cashmatrix to other banks: 1–5 minutes via NIP
- International transfers: Coming soon
Transfer fees
- To Cashmatrix accounts: Free
- To other banks (under ₦5,000): ₦10 flat
- To other banks (above ₦5,000): ₦25 flat
Limits
Your transfer limits depend on your account tier:
| Tier | Single limit | Daily limit |
|------|-------------|-------------|
| Tier 1 | ₦50,000 | ₦300,000 |
| Tier 2 | ₦250,000 | ₦500,000 |
| Tier 3 | ₦500,000 | ₦5,000,000 |
Tip: You can save frequently used recipients under Favorites for faster transfers.
Need a hand? Email hello@cashmatrix.ng.