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Lapo Microfinance Bank Transfer And Ussd Codes (Updated Guide)
LAPO Microfinance Bank is a leading microfinance institution in Nigeria, dedicated to improving access to financial services for individuals and small businesses. With a focus on empowering low-income earners, LAPO Microfinance Bank offers innovative banking solutions, including transfer services and USSD banking, to enhance financial inclusion.
This updated guide explores LAPO Microfinance Bank's transfer options, its USSD codes, and how customers can leverage these services for seamless transactions.
Overview of LAPO Microfinance Bank USSD Code
The LAPO Microfinance Bank USSD code, *371#, is a versatile and convenient tool for accessing banking services without the need for an internet connection or smartphone. Whether you need to transfer funds, check your balance, or pay bills, the USSD platform simplifies the process, making banking accessible to all.
Features of LAPO USSD Banking
LAPO Microfinance Bank’s USSD service offers a wide range of features designed for convenience and efficiency:
1. Fund Transfers
- To LAPO Accounts: Dial *371*1*Amount*Recipient’s Account Number#, confirm the recipient’s details, and input your PIN to complete the transfer.
- To Other Banks: Dial *371*2*Amount*Recipient’s Bank Code*Account Number#, follow the prompts, and authorize the transaction with your PIN.
2. Account Balance Check
- Dial *371*0# to instantly check your account balance.
3. Airtime Recharge
- For Your Line: Dial *371*Amount# to recharge your mobile line.
- For Others: Dial *371*Amount*Recipient’s Phone Number# to recharge airtime for another person.
4. Loan Application
- LAPO Microfinance Bank customers can apply for loans via USSD by dialing *371# and selecting the loan option from the menu.
5. Bill Payments
- Pay for utilities such as electricity, cable TV, and more by navigating the bill payment option on the USSD menu.
6. PIN Management
- Secure your transactions by setting or resetting your 4-digit PIN through the USSD platform.
7. Mini-Statement
- Get a summary of your recent transactions by dialing *371# and selecting the mini-statement option.
How to Activate LAPO USSD Banking
Activating LAPO Microfinance Bank USSD banking is quick and easy:
- Dial *371# from the phone number linked to your LAPO account.
- Follow the prompts to register by creating a secure 4-digit PIN.
- Once registered, you can immediately begin using the USSD code for transactions.
Benefits of LAPO USSD Banking
- Accessibility: The USSD service works on any mobile phone and does not require internet access, making it ideal for rural areas with limited connectivity.
- Convenience: Perform transactions from anywhere, at any time, without visiting a bank branch.
- Security: Transactions are protected by a unique PIN, ensuring the safety of your funds.
- Speed: Transactions are processed almost instantly, saving you time and effort.
- Low Fees: LAPO Microfinance Bank offers competitive transaction fees, ensuring affordability.
How to Transfer Money Using LAPO USSD Code
Here’s a step-by-step guide to transferring funds via LAPO Microfinance Bank’s USSD platform:
- Dial *371# from your registered phone number.
- Select the “Transfer” option from the menu.
- Choose the transfer type (to LAPO or other banks).
- Enter the recipient’s account details and the amount to be transferred.
- Confirm the recipient’s details.
- Input your 4-digit PIN to authorize the transaction.
- You will receive a confirmation message once the transaction is successful.
Frequently Asked Questions (FAQs)
1. What is the daily transaction limit for LAPO USSD banking?
The daily transaction limit is ₦100,000. For higher limits, visit a LAPO branch to upgrade your account.
2. Can I use the USSD code on multiple phone numbers?
No, the USSD code is linked to the phone number registered with your LAPO account.
3. Are there charges for using LAPO USSD banking?
Yes, standard charges apply for transfers and other services. The fees are affordable and competitive.
4. How do I reset my USSD PIN?
Dial *371# and select the “PIN Reset” option. You may need to provide verification details.
Conclusion
LAPO Microfinance Bank’s USSD banking service is a game-changer for financial transactions, offering unmatched convenience, speed, and accessibility. With the *371# code, customers can perform essential banking activities from the comfort of their homes, ensuring a seamless and secure banking experience.
Whether you are transferring money, paying bills, or applying for loans, LAPO Microfinance Bank’s USSD platform ensures that your financial needs are met efficiently. Activate the service today and enjoy hassle-free banking!
