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Nigeria Bank money transfer codes for Money Transfers using Mobile Phone

Updated  March, 2017: Below are Nigeria bank mobile banking and money transfer codes .  Newly added mobile money transfer codes are;

  • Ecobank mobile banking code, dial *326# and follow instructions.
  • Mobile banking code for United Bank of Africa ( UBA), dial *389*033*1*amount#. or dial *919# on your phone number and follow instructions.
  • Mobile banking money transfer code for Keystone bank, dial *322*082*Amount# or Dial *322*082# and follow instructions.
  • Access Mobile banking code, dial *901# and follow instruction.
  • Mobile money transfer code for Zenith Bank, dial *966*amount*Account number# and follow instructions. To buy extra data and extra talk directly from your Zenith bank account, simply dial *904*131#.
  • First City Monument Bank (FCMB) mobile banking code, dial *389*214#. Activate your card, account and Mwallet. Visit any FCMB close to you to generate your security PIN for transferring money.
  • Unity bank Money transfer code, dial *389*215# and follow instructions.
  • Skye Bank Mobile banking or USSD code, simply dial *833#  from your registered phone number and follow instructions.
  • Sterling Bank mobile banking and money transfer code, dial *822# and follow instructions; generate your security PIN. Please note: N5 will be deducted from your Airtime when a transaction with this code.

Continue below for other bank mobile banking codes…..

Mobile banking has taken a new dimension in Nigeria. One aspect of it is the transfer of money from bank to bank and to other bank through mobile phone using a short USSD Code.  The innovation first started with USSD recharge code for mobile airtime top-up; now, many banks have improved the service to include money transfers, account balance inquiry, short statement of account and bill payments all by just dialing USSD code from your mobile phone. From the comfort of your home, office or any corner, you can now transfer money to your bank account or to any bank account. These days, I don’t often visit my bank to make payment or to deposit money; I simply use my bank money transfer code or internet banking to do all those transactions.

These  save me the stress of queuing up at the banking hall just to deposit small amount of money. Apart from stress, it saves time. It is fast, convenient and highly secure.

So if you have been searching your bank mobile money transfer codes, below are list of bank available USSD codes for money transfer for all Nigerian banks that offer the service as of today.

All GTBank customers can initiate transfers to another GTBank account, by dialling *737*1*Amount*NUBAN Account No# e.g. *737*1*1000*2456567890# from the mobile phone number registered with the Bank.

For transfer to a beneficiaries account that is not GTBank or in other Bank’s, GTbank customers should simply dial *737*2*Amount*NUBAN Account No# e.g. *737*2*1000*2456567890#. Customers will be required to enter their last four digits of their GTBank Naira MasterCard to authenticate each transaction.

*737* Transfer service is only available to GTBank customers via their mobile phone numbers registered with the Bank

Minimum transfer limit is N1, 000 while maximum daily transfer limit of N20, 000.

For more information, you visit GTBank mobile banking website page

To transfer money from Fidelity bank account to another bank account, simply dial this *770*NUBAN Account number*Amount#; NUBAN Account number is your 10 digit account number. Example; if you want to transfer N5000 to someone’s Access bank account, dial *770*2456567890*5000# from the mobile number registered/linked with your Fidelity Bank account.

Then select the beneficiary bank Name (Access bank) from displayed bank options.
Access bank
First bank
Diamond bank etc

Enter your transfer PIN to confirm transfer. The recipient account number will be shown to you before you enter your ATM card PIN. This lets you verify that you’re not sending money to a wrong account number.

If this is your first time of using the service, you will be requested to register for the mobile service. To register,  dial *770#, Enter your NUBAN Account number (Fidelity bank account number), Select a 4-digit PIN for your account.

If you have two accounts with Fidelity bank, let say current and saving account and you’re using the same phone number for both account, your current account will be debited first before your savings account.

Maximum Transfer per transaction is N200, 000 while Maximum transfer per day is N500, 000

Transfer charge per transaction is 100 Naira

To use Fidelity bank money transfer code;

  1. You must have a minimum balance of 10 Naira airtime on your phone. The N10 will Not be deducted
  2. You must register for the service by dialling *770#

For further information, you can visit fidelity bank instant banking service website page

  • First Bank Money Transfer Code

First bank USSD code allows customers to transfer money, pay bills, make purchase etc. To transfer money, simply dial *894# and select 1;

dial *894# and select 2 to withdraw money,

dial *894# and select 3 to make purchase;

dial *894# and select 4 to pay bills;

dial *894# and select 5 to buy airtime;

and dial *894# and select 7 to manage account.

  • Wema Bank Money Transfer Code

For Wema Bank customers, to do a quick FUNDS TRANSFER, dial *322*035*NUBAN Account number*AMOUNT#.  E.g *322*035*3548667724*10000#

You can now do a lot with Wema bank USSD Banking codes:

  • For instant recharge, dial *322*035*AMOUNT#
  • For 3rd party recharge, dial *322*035*PHONENUMBER*AMOUNT#
  • For Balance Enquiry, dial *322*035*0#
  • To change your PIN, dial *322*035*00#

Visit Wema Mobile banking web page

  • Diamond Bank USSD Money Transfer Code

Diamond Bank holders should first register Diamond Y’ello account.

Transfer money to any bank, dial *710*777*ACCOUNT NO*AMOUNT*PIN#.
For Diamond Y’ello to Diamond Y’ello Transfers, dial *710*710*PHONE NO*AMOUNT*PIN#.

I have updated this post, if your  bank money transfer code is not on list; please do let me know. it will be added. You can also use your ATM machine to transfer money from one account number to the other.  With you ATM card, you can get this done. Well, this is an alternative to online banking.

New CBN Forex policy, its Implications, losers & Gainers

The Central Bank of Nigeria (CBN) on Monday, 20th February 2017 released a press statement on a new Forex policy which it titled “New Policy Actions in the Foreign Exchange Market.” This action comes a week after the National Economic Council had requested for a review of the current Forex policy due to the wide gap between the parallel and official market exchange rates.

According to CBN, “In continuation of efforts to increase the availability of Foreign Exchange in order to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN) is providing direct additional funding to banks to meet the needs of Nigerians for Personal and Business Travel, Medical needs, and School fees, effective immediately,”.

CBN is ready or committed to supplying the necessary Forex needed for transactions such as PTA, BTA, School fees and medical bills. However, the CBN failed to mention the exchange rate at which this Forex would be trade at but said that banks should sell not more than 20 percent above the interbank market rate. In other words, if the interbank is trading at N320, banks will sell for as high as N384.


  1. That CBN would immediately begin to provide forex to all commercial banks to meet needs of both personal travel allowances (PTA) and business travel allowances (BTA)

“The CBN would immediately begin to provide foreign exchange to all commercial banks to meet the needs of both personal travel allowances (PTA) and business travel allowances (BTA) for onward sale to customers. All banks would receive amounts commensurate with their demand per week, which would be sold to customers who meet usual basic documentary requirements.”

What is its implication?

This means that commercial banks will sell to customers who wish to travel for business or personal trips when they present the necessary document, which includes their passport, visa, and tickets. However, the CBN failed to mention how much these travellers are entitled to for their trips.

“In order to further ease the burden of travellers and ensure that transactions are settled at much more competitive exchange rates, the CBN hereby directs all banks to open FX retail outlets at major airports as soon as logistics permit,” CBN said.

With this new policy, all banks that do not have an outlet in the airport may not sell to customers at the airport.

  1. That CBN would immediately begin to provide forex to all commercial banks to meet needs for School and Medical fees abroad

“The CBN would meet the needs of parents, guardians and sponsors who are seeking to make payments of school and educational fees for their children and wards. Such payments must be made by commercial banks directly to the institution specified by the customer,”

“The CBN would ensure that this process is as smooth as possible and that as many customers as possible get the foreign exchange they genuinely demand. This would also apply to customers seeking to make payments, or purchase foreign exchange, for medical bills and paid directly to hospitals.”

This means that by just being a sponsor you can have access to Forex to pay for school fees. However, you won’t be given cash to make the payments. The bank will make the payments directly to the bank account of the school or hospital.

  1. That CBN would immediately begin to provide forex to all commercial banks to meet needs for Manufacturing sector 

“Given our plan to meet all unfilled orders, and while provision of FX to the manufacturing sector would remain the CBN’s strong priority, we will no longer impose allocation/utilisation rules on commercial bank.”

This means that the CBN will still give the manufacturing sector a strong priority during allocation of Forex but the rule on 60:40 allocation of Forex has been removed.

Who are the gainers in this new forex policy?

  1. Travelers

From all indications the gainers of this policy are going to be the commercial banks and travellers, which include those going on both business and personal trips. Travellers will have access to the Forex easily and will not have to queue, lobby or wait for the money needed for their trips.

  1. Banks

Commercial banks in Nigeria will likely become royalty. This is because they have been given the power to have access to as much Forex as they want. If all things go well, there will be an increase in the volume of trade and customers may not have to complain about the lack of Forex. The only setback with this decision is that the banks may be tempted to start round tripping or hoarding Forex thereby manipulating the market.

  1. Importers

Who are the losers in this new policy

  1. Speculators
  2. Bureaux de Change

Speculators and Bureau de change could be the biggest losers from this new policy. The only customers for the speculators and Bureaux de Change will be the users of the 41 items banned from getting access to Forex. On the other hand, since the Bureaux de Change was not mentioned in the adjustments to the policy, they will have to continue sourcing for funds in the autonomous market as they have done in the past.



*Naira will continue to appreciate for some time.

*MoneyGram will start working.

*Western Union money transfer will start working.

*Speculator will start buying and hoarding dollars.