Full List Of All Banks’ USSD Codes For Electronic Transactions As CBN’s Cashless Policy Takes Effect On January 9, 2023

The use of an electronic payment system will likely reach new heights when the Central Bank of Nigeria implements its cashless policy on January 9, 2023. Based on the redesign of the Naira, the cashless proposal would restrict Nigerians’ ATM withdrawals to N200 denomination notes or less. As a result, individuals can take up to N500,000 weekly, while businesses can withdraw up to N5 million weekly.

This means that Nigerians will have to rely mainly on electronic transactions, particularly through USSD. The USSD (unstructured supplementary service data) is a technology that has been around since the early 1990s. Because it supports clients with older phones, non-smartphones, and people who do not have internet access through their mobile service provider, USSD is particularly appealing for financial services.

To utilize the USSD code for any bank transaction, you must first activate it on your mobile phone using your preferred phone number. In addition, before receiving financial services from most banks, you must register for a new account or have an existing one with them. The user then creates a 4- or 5-digit transaction PIN to approve all transactions. This PIN would also act as a deterrent to impersonators or scammers from gaining access to your account.

Here is a list of Nigerian banks and their USSD codes:
Access Bank – *901#
ALAT Bank (Wema) – *945#
Ecobank – *326#
FCMB – *329#
Fidelity Bank- *770#
First Bank – *894#
GTBank – *737#
Heritage Bank – *745#
Keystone Bank – *7111#
Polaris Bank – *833#
Stanbic IBTC Bank – *909#
Sterling Bank – *822#
UBA – *919#
Union Bank – *826#
Unity Bank – *7799#
Wema Bank  – *945#
Zenith Bank- *966#

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