How to Block LOTUS Bank Account: Quick Guide (2023) - TL Updates

How to Block LOTUS Bank Account: Quick Guide (2023)

How to Block LOTUS Bank Account: Worried about your LOTUS Bank account’s security? Learn how to block it with ease through various ways.

Ensuring the security of your funds is more important than ever. If you ever find yourself in a situation where you need to block your LOTUS Bank account, rest assured that you’re in the right place. We’ve put together a simple and detailed step-by-step guide. So, let’s dive in and equip you with the knowledge to protect your financial future.

The Importance of Blocking Your LOTUS Bank Account

The decision to block your bank account might seem like a drastic step, but it’s a crucial measure to ensure the safety of your hard-earned money. Whether you’ve misplaced your device, detected suspicious activity, or simply want to add an extra layer of security, blocking your LOTUS Bank account can prevent potential financial loss and provide you with peace of mind.

How to Block LOTUS Bank Account through USSD Code

Step 1: Dial the USSD Code *5045#: Locate your registered mobile phone and dial the specific USSD code provided by LOTUS Bank: *5045#. This will bring up the LOTUS bank’s USSD menu on your screen.

Step 2: Navigate to “Block Account”: Once you’re in the USSD menu, navigate to the “Block Account” option and select it. This action will initiate the process of blocking your account.

Step 3: Confirm and Proceed: After selecting “Block Account,” the system will prompt you to confirm your decision. Take a moment to review the account details displayed on the screen to ensure accuracy.

Step 4: Choose the Account to Block: If you have multiple accounts with LOTUS Bank, the system will prompt you to choose the specific account you intend to block. This extra step ensures that you’re taking action on the correct account.

Step 5: Verify and Complete Blocking: Before finalizing the blocking process, carefully review the account details once again. Once you’re confident that all the information is accurate, confirm the action. Your LOTUS Bank account will be securely blocked.

Other Ways to Block LOTUS Bank Account

For those who prefer alternatives or need assistance during the process, LOTUS Bank offers additional methods to ensure the security of your account:

Via Contact Customer Care

If you prefer a more personalized approach, reach out to LOTUS Bank’s customer care team. Ensure you have your account number and identification details ready. Inform the customer care representative about your intention to block your account.

Via a LOTUS Bank Branch Visit

For individuals who value face-to-face interactions, visiting the nearest LOTUS Bank branch is a viable option. A knowledgeable customer service representative will guide you through the process of blocking your account. Remember to bring valid identification for verification.

Through Online Banking

If you’re comfortable with online banking, LOTUS Bank provides a convenient method for blocking your account:

How to Block LOTUS Bank Account via Online Banking

Step 1: Log In to Your Online Banking Account: Access LOTUS Bank’s online banking platform using your credentials.

Step 2: Navigate to Account Management: Within your online banking dashboard, locate the “Account Management” or similar section.

Step 3: Choose “Block Account”: Find the “Block Account” option within the Account Management section and select it.

Step 4: Verify and Complete Blocking: Review the account details presented on the screen carefully. Once you’re confident, confirm the action. Your LOTUS Bank account will be securely blocked.

Now that you’re equipped with multiple methods to block your LOTUS Bank account, let’s address common concerns through our frequently asked questions (FAQs) section.

Addressing Concerns – Frequently Asked Questions (FAQs)

FAQ 1: Can I unblock my LOTUS Bank account using USSD? Yes, you can unblock your account by following the same USSD process and selecting the “Unblock Account” option.

FAQ 2: Is there a fee for using USSD services? LOTUS Bank usually offers USSD services free of charge. However, it’s advisable to check with your mobile network provider for any potential charges.

FAQ 3: How long does it take to block the account using USSD? The account blocking process through USSD is typically swift. Your account will be blocked immediately upon confirming the action.

FAQ 4: Can I block my account using someone else’s phone? For security reasons, it’s recommended to use only your registered mobile number for USSD services.

FAQ 5: Can I block multiple accounts using USSD? Certainly! If you have multiple accounts linked to your registered mobile number, the USSD code allows you to block all of them.

FAQ 6: How do I unblock my account after it’s blocked? To unblock your LOTUS Bank account, follow the same USSD process and select the “Unblock Account” option.

FAQ 7: What if I suspect unauthorized activity on my account? If you suspect any unauthorized activity, it’s important to block your account immediately and then reach out to LOTUS Bank’s customer care for further assistance.

FAQ 8: Can I still receive funds in my blocked account? Yes, you can still receive funds in your blocked LOTUS Bank account. However, keep in mind that transactions involving the account will be restricted.

FAQ 9: Is there a time limit for keeping my account blocked? In most cases, there’s no fixed time limit. You have the flexibility to unblock your LOTUS Bank account whenever you’re ready.

FAQ 10: Is blocking the account the same as freezing it? Although both actions involve restricting transactions, blocking and freezing have distinct implications and processes.


Taking the initiative to secure your LOTUS Bank account is a responsible move that enhances your financial security. By following our detailed guide, you’ll gain the confidence to protect your funds effectively. Whether you opt for USSD, seek assistance from customer care, or use online banking, remember that LOTUS Bank prioritizes the security of your account.