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This study investigates the role of cashless policy in the demand for money in Nigeria using Vector Error Correction Model (VECM) technique. While both the long-run and short-run results converge, the trends and patterns of cashless policy instruments in Nigeria show that the Automated Teller Machine (ATM) remains attractive to Nigerian people while the use of internet banking transactions oscillates, perhaps, due to poor internet infrastructure and the problem of cyber insecurity. However, the findings suggested that the cashless policies of ATM and POS impact negatively on the demand for money in Nigeria. Also, the weighted average interest rate and the exchange rate aligns with the theoretical proposition of negative relationship with money demand while inflation, government expenditure, real GDP and web transfer impact positively on money demand in Nigeria in the long run. These findings also mirror the short-run situation. Consequently, it is recommended that an aggressive internet infrastructure, enactment of stringent cyber-crime laws and regulations and existing ones are being implemented while low lending rate should be promoted by the Central Bank of Nigeria.