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Frequently Asked Questions: Withdrawals & Deposits 🇳🇬

Got questions about your deposit or withdrawal in Nigeria? Get all the answers you need here.

Yemi avatar
Written by Yemi
Updated this week


1. How long does it take for a P2P withdrawal to be completed?

Typically, it takes 40 minutes—4 hours for P2P withdrawals to be completed. Please ensure that you leave the Sentz app open until your transaction shows "FUNDS SENT TO PROVIDER" before you minimize/close the Sentz app.

Note: P2P withdrawals made from 10:00 pm NG time might not be settled until 9:00 am the following day because traders are usually out of service at night.

2. How long does it take for an Instant Bank withdrawal to be completed?

Typically, instant bank withdrawals take between 5 minutes and 15 minutes to complete. Please ensure that you leave the Sentz app open until your transaction shows "SUCCESSFUL" before you minimize/close the Sentz app.

3. Why is my P2P withdrawal still pending after more than 1 hour?

This might occur if you input the wrong bank account details or if the NIBSS (Nigeria Inter-Bank Settlement System) is down. Make sure you double-check the account details you entered first before you escalate to our Support team.

4. Why is my Instant Bank withdrawal still pending after over 1 hour?

This might occur if you use any of the Neobanks in Nigeria, such as OPay, Palm Pay, Moniepoint, Kuda, Sparkle, Carbon, Lotus Bank, FairMoney, etc. If you used any of these Neobanks, contact us via Support and select "Instant Bank Withdrawal" as your complaint type.

5. Which Nigerian bank can I withdraw into on Sentz?

Typically, we support several traditional banks in Nigeria, but have experienced issues with Neobanks such as OPay, Palm Pay, Moniepoint, Kuda, Sparkle, Carbon, Lotus Bank, FairMoney, etc. We advise that you only use other traditional banks that exist in Nigeria.


If you need further help with anything, please feel free to contact our Support team by clicking the button below.

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