Stanbic Bank, a member of Standard Bank Group, is one of the leading banks in Nigeria providing financial services and solutions. One of these solutions is its USSD banking service, designed to make financial transactions more accessible to customers without the need for internet access. This article will guide you through the Stanbic USSD code system, explain how to use it but also the various transactions you can perform with it.
What is the Stanbic USSD Code?
The Stanbic USSD code is a convenient banking solution that allows customers to perform a variety of banking transactions directly from their mobile phones, without the need for internet connection. By simply dialing a shortcode, Stanbic customers can access banking services including check balances, transfer funds, and pay bills.
How to Register for Stanbic Bank USSD Banking
Before you can start using Stanbic’s USSD banking services, you need to register. Here’s a simple guide:
- Dial the Stanbic USSD code: On your mobile phone, dial *909#.
- Follow the prompts: You’ll be asked to provide details such as your Stanbic account number and mobile number.
- Create a secure PIN: You will be prompted to create a 4-digit PIN that will be used for authenticating your transactions.
- Complete the registration: Once your details are verified, your USSD banking service will be activated, and you can start performing transactions immediately.
Stanbic Bank USSD Codes for Different Transactions
Stanbic Bank offers a range of USSD codes to simplify various banking operations. Here is a list of commonly used USSD codes for Stanbic Bank transactions:
| Stanbic Bank Transaction | USSD Code |
|---|---|
| Opening Account | 9090# |
| Check Balance | 9091*1# or *909# > 2 |
| Airtime Top-Up (self) | 909Amount# |
| Airtime Top-Up (for others) | 909Amount*Person’s Phone Number# |
| Transfer to Stanbic Bank Account | 90911AmountAccount Number# |
| Transfer to Other Banks | 90922AmountPerson’s Account Number# |
| Pay Cable Bill | *909# (Select Pay Bill) |
| Retrieve BVN | 5650# |
How to Transfer Money Using the Stanbic USSD Code
Transferring money using the Stanbic USSD code is quick and secure. Follow these steps to transfer funds to another Stanbic account or to a different bank:
- Dial *909# on your registered phone.
- Select the “Transfer” option from the menu.
- Choose whether you want to transfer to another Stanbic account or an account with another bank.
- Enter the recipient’s account number and confirm the amount you wish to transfer.
- Authorize the transaction by entering your 4-digit PIN.
Once the transaction is completed, you will receive a confirmation message, and the funds will be transferred instantly.
Benefits of Using Stanbic USSD Codes
There are several benefits to using Stanbic Bank’s USSD codes, including:
- Convenience: You can access banking services 24/7, regardless of location or internet access.
- No Data Required: Since USSD operates through GSM networks, you don’t need a data connection or smartphone.
- Speed: Transactions are processed almost instantly, making it a fast option for urgent needs like transfers or buying airtime.
- Security: Transactions are secured with your personalized 4-digit PIN, which adds a layer of protection to your banking activities.
Limitations of Stanbic Bank USSD Codes
While USSD banking is convenient, there are a few limitations to be aware of:
- Transaction Limits: There are daily and per-transaction limits that may restrict the amount of money you can transfer in a single day.
- Network Availability: If your mobile network is down or experiencing issues, you may not be able to access USSD services. In that case restart your phone for network restoration.
- Limited Features: Some advanced banking features are not available through USSD and may require the use of mobile or internet banking.
Security Tips for Using Stanbic USSD Banking
To ensure the security of your transactions while using USSD codes, here are some best practices:
- Keep your PIN private: Never share your 4-digit USSD PIN with anyone, and avoid writing it down where it can be easily found. Use a planner or agenda for these purposes if you are not into keeping digital notes.
- Only use your registered phone: Make sure to dial the USSD code from the mobile number linked to your Stanbic account.
- Monitor your account: Regularly check your account for unauthorized transactions and report any suspicious activity immediately.
Frequently Asked Questions
How to Block and Unblock Stanbic Bank USSD Code?
To block the Stanbic Bank USSD service, dial *909#, navigate through the menu to ‘Service Request’, and select ‘Block Account’. To unblock, you must visit a Stanbic IBTC branch.
What are the fees for transferring money using Stanbic IBTC USSD code in NGN?
- For transfers up to NGN 5,000: A fee of NGN 10 plus VAT.
- For transfers between NGN 5,001 and NGN 50,000: A charge of NGN 25 plus VAT.
- For transfers exceeding NGN 50,000: A fee of NGN 50 plus VAT.
Is there any limit for transfer using the Stanbic USSD code?
Yes, the daily maximum transfer limit is NGN 100,000, with a per transaction limit of NGN 20,000. For higher transfer needs, contact the bank for assistance.
What should I do if my USSD banking is not working?
If your USSD banking is not functioning, ensure you have network coverage and that your mobile number is registered with Stanbic Bank. If the issue persists, contact Stanbic customer support.
Conclusion
Stanbic Bank’s USSD code offers a simple, fast, and secure way to perform essential banking transactions without the need for internet access or a smartphone. From checking balances to transferring money and paying bills, the USSD service is designed to make banking easier for all Stanbic customers
**Disclaimer**
This article is for informational purposes only and not intended as financial advice. The content is not sponsored by or affiliated with any entities mentioned. Readers should seek independent financial advice before making investment decisions.