importance of ussd code how it been used for bank transfer and other services the dos and don't of ussd code.
The Unstructured Supplementary Service Data (USSD)
banking is a type of banking that enables
you carry-out bank transactions by simply dialing
a short code on your phone. It does not require
the use of internet/web.
The USSD is a Global System for Mobile (GSM) communication
technology. It is used for sending
texts messages between a mobile phone and an application
programme in the owners’ network.
Examples of these USSD banking codes
include:
Guarantee
Trust Bank’s-*737#;
Fidelity Bank’s *770#;
First Bank’s *894#;
Wema Bank’s *945#;
Skye Bank’s *833#;
Sterling Bank’s *822#;
Diamond Bank’s *710#; Eco
Bank’s *326#;
Zenith Bank’s *966#;
FCMB’s *389#,
Unity Bank’s *389#,
United Bank of Africa’s *919#,
Union Bank’s *389#, Heritage
Bank’s *322#,
Keystone Bank’s *322#,
Access Bank’s *901# among others.
Uses of USSD code
You can use the USSD code to perform various banking
transactions such as buying airtime,
opening bank account, checking your account balance,
transferring money to your bank and
other banks, and payment of utility bills, etc.
How does USSD banking work?
You must have a bank account linked to your mobile
telephone number to perform a USSD
transaction. You don’t need to go to a bank to register
for the USSD code. Registration is done
with your mobile phone as long as you have your bank’s
debit card and Biometric Verification
Number (BVN). You can only use the particular
SIM card or the telephone number you provided when
opening your account. There is a limit to
the amount of money you can transfer through USSD
banking, and this is determined by your bank.
Process of USSD banking
Depending on your bank, there are various ways you
can use the USSD application on your phone
to carry out any of the numerous bank transactions.
All you need to do is dial your
bank’s USSD code. Each bank has specific codes for
specific type of transaction. These are
provided on the bank’s website. For some banks,
a list of options will appear on your
phone screen. Choose the transaction you wish to
perform and follow subsequent instruction from
the bank. Some banks may request your Bank
Verification Number (BVN), Personal Identification Number (PIN) or the four
digit number at the back of your
ATM card. This is to confirm the authenticity of
the person performing the transaction. If you find
it difficult to perform USSD transactions on
your
phone, contact your bank customer service.
The dos of USSD banking
There are some things you need to do when performing
a USSD transaction: Your phone
should be charged to avoid loss of power in the midst
of the transaction. Double-check the
receiver’s account number when transferring funds
or paying bill. 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. If the response is no and your
account has been debited, contact your bank
to resolve it immediately.
The don’ts of USSD banking
You must have avoid the following for a safe and
successful USSD banking: Do not reveal your
PIN or BVN to a third party. Do not repeat a transaction
delayed or interrupted by the network.
This is because the transaction might have been processed.
If you repeat such transaction your account might be debited twice. All you
need do is to wait for an hour or more for a notification on such transaction.
Moreover
never give anyhow person your phone to operate people are very sharp this days
they might transfer from your account to theirs trough ussd code its very
simple and easy.
Sometimes
I will advise not to activate ussd code on your mobile no it is more preferable
to have app on your for easy transaction even if you give someone your it will be difficult to log in through cause it
is password related another issue desist from using your date of birth as your
personal identification code because series of cases has been reported whereby
friends will try use atm cards since it is rampant using date of birth as
personal identification number.
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