Technology has evolved that banks now have various products for its growing customers.
There was a time when the only way to do a transaction is to be physically present at the bank or when the only way to recharge our phone is by physically purchasing it.
All can now be done at the comfort of your home or just anywhere.
There have been massive improvements in technology, among them is the introduction of USSD. The Unstructured Supplementary Service Data (USSD) banking is a type of banking that enables you to carry out bank transactions by simply dialing a shortcode on your phone. It does not require the need to connect to the internet.
The creation of USSD (Unstructured supplementary service data) to the Nigerian banking system has made it a lot less difficult to transfer money and make bills anywhere.
USSD Banking Codes perform various banking transactions which include Opening a bank account, buying airtime, checking your account balance, transferring money, paying utility bills and many more.
How USSD works
There are various ways you can use your USSD application on your phone to carry out transactions.
The first thing you need to do is to dial your bank USSD code using the mobile no you used to register.
When you dial, some banks request you to enter Bank Verification Number (BVN), Personal Identification Number (PIN) or the last four digits on your debit/credit card.
This is done to secure your account against unauthorized persons and as well prevent fraud.
The dos of USSD banking
Make sure the receiver’s account number is correct when transferring funds or paying bill.
Always check your email for transaction updates.
You must wait for the confirmation text from the bank that the transaction is successful. In absence of such confirmation and your account is debited, contact your bank immediately to resolve the transaction.
In case of transfer, call the receiver to confirm receipt of the fund. In case of failed transaction, contact your bank immediately.
The don’ts of USSD banking
Do not reveal your PIN or BVN to a third party.
Do not keep any written copy of your PIN with your card.
Do not repeat a transaction interrupted by the network. Chances are that it has been processed. Waiting for 1 hour or more for notification is no doubt a good idea. If you do not receive notification, you can check your account balance using your USSD to confirm status.
USSD Banking codes for Nigerian banks
Stanbic IBTC USSD Code *909#
Wema Bank USSD Code *945#
Polaris Bank USSD Code *833#
Heritage Bank USSD Code *322#
Keystone Bank USSD Code *533#
Sterling Bank USSD Code *822#
GTB USSD Code *737#
Fidelity Bank USSD Code *770#
First Bank USSD Code *894#
FCMB USSD Code *389#
Unity Bank USSD Code *389#
UBA USSD Code *919#
Union Bank USSD Code *389#
Diamond Bank USSD Code *710#
Eco Bank USSD Code *326#
Zenith Bank USSD Code *966#
Access Bank USSD Code *901#
If you need further help, dont hesitate to contact us.