Monifi Bank: How to Sign Up; Everything you Need to Know
A subsidiary of Midfirst Bank and only available virtually, Monifi Bank is a financial institution that helps its customers with traditional banking services and also giving them interesting insights into their spending habits and financial goals.
Monifi prioritizes its customers’ savings habits by making saving itself easier on the mobile app. Monifi also gives you visibility into your spending habits using simple terms and interesting comparisons like “how much did I spend in Walmart versus Amazon?”
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Monifi also offers normal basic banking services like bill payments, Monifi Orange Debit Card, money transfer, check deposits, and so on.


How to Sign Up on Monifi
Have you been asking yourself “how do I start using Monifi? Well, here’s your answer in step-by-step procedures:
The first step is to go to your phone App Store to Download ‘Monifi App’, you can also download the application at https://monifi.com. Then you can:
- Enter your first and last names as they appear on your SSN and other documents
- Enter your physical address
- Enter your date of birth
- Input your Social Security Number
- Enter your mobile phone number in ‘+’ format
- Type in your email address
- A verification mail will be sent to your mail immediately.
- Go to your mail and click the link provided to verify.
You are in!
FAQs ![]()
How can I send/add money to my Monifi Wallet?
You can add funds to your Monifi Wallet/Account by using any of these four (4) methods:
Zelle
Using your email or phone number, a Zelle user can send money directly into a Monifi Account in seconds. Zelle is also a P2P payment network that facilitates sending and receiving of money across the US.
External Transfer Account
The ETA can be done after opening your Monifi Account. You can fund it via external transfer by connecting your other bank accounts by selecting “Move Money” > “Transfer Money” and then progressing through the “External Transfer” flow. You can submit both incoming and outgoing External Transfers once your account at the other financial institution has been validated via Monifi’s third-party service provider, Plaid, Inc.
Direct Deposit
When you create a Monifi Account, an account number is assigned to your Monifi Spend Balance or Monifi Save Balance. You can give this number and the Monifi routing number (102007299) to your employer to send your paycheck directly into your Monifi Account. You can fill the Monifi direct deposit form HERE.
Check deposit
You can deposit checks from anywhere you are using mobile deposit
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Can I move money between my Monifi Spend Balance and Monifi Save Balance?
Yes. Monifi allows you to move money between your Monifi accounts and your Goals. See the steps below:
- Select “Move Money”
- Select “Transfer Money”
- Select “Monifi Transfer”
- Choose the account you want to move money from
- Enter the amount you want to transfer
- Confirm the transfer
What is an ‘Available Balance‘ on Monifi?
Your “balance available for transfer” on your Spend Balance is your Available Balance and your “balance available for transfer” for your Save Balance is your remaining Available Balance that has not been allocated to Goals.
Can I transfer money from other banks to my Monifi?
Yes. You can go to your other bank apps and send money directly to your Monifi. Here are the steps below:
- Select “Move Money”
- Select “Transfer Money”
- Select “External Transfer”
- Choose the account you want to move money from
- Enter the amount you want to transfer
- Confirm the transfer
What is the maximum limit for transfers from other bank accounts?
Yes. $10,000
How much can be sent to my Monifi Account via Direct Deposit?
There is no limit to what can be sent to your Monifi through a direct deposit.
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