How To Transfer Money From Stanbic Bank To Another Bank

Stanbic IBTC Bank Nigeria is a financial institution committed to providing exceptional customer support. The bank operates with high standards and prioritizes customer satisfaction. One innovative feature introduced by Stanbic IBTC is the USSD code *909# for virtual money transfers, enabling customers to send money anytime and anywhere conveniently. If you are a Stanbic IBTC customer but are unfamiliar with this feature or don’t know how to transfer money from Stanbic Bank to another bank or even within the bank, this guide will walk you through the process.

How to Transfer Money Using Stanbic Bank’s USSD Code

Personal Experience with the Stanbic USSD Code
There was a time I made an installment payment at a vendor where I purchased a gadget. A Stanbic account was opened for me, and I assumed it was the designated account for my installments. However, I later discovered it was a personal account and not suitable for payments.

Since I had already credited the account, I needed to withdraw the money to pay the correct service provider. At the Stanbic branch, I was informed that the account needed to be upgraded to allow over-the-counter withdrawals or ATM access. However, as the matter was urgent, I was advised to transfer the funds using the USSD code after setting up my transfer PIN.

Following the instructions, I successfully transferred the funds to another bank. The process was seamless, and the support I received was excellent. Now, I want to help you learn how to transfer funds using Stanbic’s USSD code.

Requirements for Using the Stanbic IBTC USSD Code

To use the USSD code, you need:

An active savings or current account with Stanbic IBTC Bank. In addition, a registered phone number linked to your Stanbic account.

How To Transfer Money Within Stanbic Bank:

Dial *909#.
Select 1 to continue.
From the fund transfer menu, select Transfer to Stanbic Bank.
Choose the account you want to transfer from.
Enter the amount you wish to transfer.
Enter the Stanbic Bank account number of the recipient.
Enter your transfer PIN.

Alternatively: Dial *909*11*Amount*Stanbic Bank Account Number#, e.g., to send N1000, dial *909*11*0060084640#. Follow the on-screen prompts to complete the transfer.

How To Transfer Money To Other Banks Using Stanbic USSD Code:

Dial *909#.
Select 1 to continue.
Select 4 for transfers.
Choose Transfer to Other Banks.
Select the account you want to transfer from.
Enter the amount to send.
Input the recipient’s account number.
Select the recipient’s bank.
Review and confirm the recipient’s details.
Enter your Stanbic transfer PIN and press send.
You will receive a confirmation message that the transfer was successful.

Alternatively: Dial *909*22*Amount*Other Bank Account Number#, e.g., to send N2000, dial* 909*22*8096733867#. Follow the on-screen prompts to complete the transfer.

How To Create Transfer Pin on Stanbic Bank:

To set up your Stanbic PIN to start using the *909# USSD code, you need either the last six digits of your BVN or your debit card details. Follow these steps:

Dial *909*11*1#.
Select 1 to create a PIN using your debit card or 2 to use your BVN.
- If using a debit card, enter the last six digits of your card number.
Enter a new PIN and confirm it.
You will receive a confirmation message that your PIN has been created.

Note: If you don’t have a debit card or it has expired, use the BVN option to create your PIN.

How to reset your PIN:

If you forget your PIN or wish to change it for security reasons, follow these steps:

Dial *909*11*1#.
Select 3 to reset your PIN.
Enter the last six digits of your debit card or use the BVN option.
Create a new PIN and confirm it.

How to check your Stanbic bank account balance

To check your account balance quickly using the *909# USSD code:

Dial *909#.
Follow the prompts to request your account balance.

You will receive an instant message with your current Stanbic IBTC account balance.

Most Frequently Asked Questions

1. Is there a service charge for using 909#?

Yes, a fee of N6.68 applies for each USSD transaction.

2. What should I do if my phone is stolen, SIM is lost, or damaged?

Dial *909*1*911# to block your account immediately.

3. What can cause errors when using the 909# USSD code?

Insufficient account balance.
Poor network from your service provider.

Conclusion

This guide is designed to help you use the Stanbic *909# USSD code for transferring money. Additionally, we’ve covered how to create and reset your transaction PIN, as well as how to check your account balance. Hopefully, using *909# will now be a straightforward process for you.