The USSD codes (Unstructured Supplementary Service Data) is a communication protocol that is used for communicating with a Telco’s computer by Mobile phones. The USSD has several use-cases and it has evolved especially in Africa to be used for services in places and scenarios where internet access is poor or doesn’t exist.
With less than half of Africa’s population currently unbanked and without smartphones or internet access, the USSD is the most effective way to guarantee financial inclusion and to democratize banking as we know it.
Here are some Nigerian Banks and there USSD code for banking right from your phone. You can carry out transactions like Airtime recharge, Data recharge and you can even transfer actual money to anyone with a Nigerian (NUBAN) account number right from a feature phone or smartphone.
Note however that for the codes to work on your phone, the phone must have the line that you tied to your bank account (i.e the mobile number that you used as your main contact line while opening the bank account). Also, ensure that you have some credit balance (as little as N20) before making bank transfers especially.
The codes are:
|Guaranty Trust Bank (GTB)||*737#|
|United Bank for Africa (UBA)||*919#|
Lastly, please ensure that you keep your sim card safe. That is your bank now. If it ever gets missing, the first thing to do is to get the line blocked before any attempt to retrieve the line.