Create Sub Account(s)

This endpoint creates a sub-account for a merchant, allowing the merchant split transaction settlement between the main account and one or more sub-account(s)

This endpoint is protected with OAuth 2.0 Bearer Token. To find out more about authorization for Monnify endpoints, check Here

Endpoint URL: {{base_url}}/api/v1/sub-accounts


The {{base_url}} for test is but when you go live, it changes to the live url

Sample Request

1 2 3 4 5 6 7 8 9 [ { "currencyCode": "NGN", "bankCode": "058", "accountNumber": "0123456789", "email": "", "defaultSplitPercentage": "20" } ]

The request is an array, so you can send multiple sub account objects to create multiple sub accounts at once.

Once the request is sent, a sub account code will be returned. This sub account code is the unique identifier for that sub account and will be used to reference the sub account in split payment requests.

Sample Response

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 { "requestSuccessful": true, "responseMessage": "success", "responseCode": "0", "responseBody": [ { "subAccountCode": "MFY_SUB_319452883328", "accountNumber": "0123456789", "accountName": "JOHN, DOE SNOW", "currencyCode": "NGN", "email": "", "bankCode": "058", "bankName": "GTBank", "defaultSplitPercentage": 20 } ] }

Field Reference

(M) indicates fields that are mandatory in the request body





currencyCode (M)

Settlement currency. "NGN"

accountNumber (M)

The account number that should be created as a sub account.


The name attached to the account number


Name of the bank where the account is domiciled

bankCode (M)

The 3 digit bank code of the bank where the account number is domiciled

email (M)

The email tied to the sub account. This email will receive settlement reports for settlements into the sub account.

defaultSplitPercentage (M)

The default percentage to be split into the sub account on any transaction. (Only applies if a specific amount is not passed during transaction initialization)

subAccountCode (M)

The unique reference for the sub account