Lotus Bank Transfer Code – Full List of Lotus Bank USSD Codes (2023) - TL Updates

Lotus Bank Transfer Code – Full List of Lotus Bank USSD Codes (2023)

Lotus Bank Transfer Code: In the digital age, mobile banking has revolutionized the way we manage our finances, offering convenience and accessibility like never before. Lotus Bank understands the evolving needs of its customers and has introduced its USSD Code service, enabling users to perform a range of banking transactions from the palm of their hand. In this comprehensive blog post, we will walk you through a detailed step-by-step guide on how to activate the Lotus Bank USSD Code, empowering you to take control of your financial journey with ease.

What We Covered

  • What is the Lotus Bank USSD Code?
  • How to Activate USSD Code for Lotus Bank
  • How to Transfer Funds with the Lotus Bank Transfer Code
  • How to Make Bills Payment with Lotus Bank USSD
  • How to Check Lotus Bank Account Balance Using USSD Code
  • List of Lotus Bank Codes and Functions

What is the Lotus Bank USSD Transfer Code?

The Lotus Bank USSD Code, also called Lotus Bank Transfer Code, *5045#, is a unique and secure service that allows account holders to access their bank accounts and perform various banking transactions using a simple GSM mobile phone. USSD stands for Unstructured Supplementary Service Data, which is a technology that facilitates communication between a mobile phone and an application’s server. Unlike mobile apps or internet banking, the USSD Code for Lotus Bank does not require an internet connection, making it accessible to all mobile phone users, regardless of their device’s capabilities.

How to Activate USSD Code for Lotus Bank

Step 1: Check Eligibility and Gather Requirements

Before embarking on the activation process, ensure you meet the following eligibility criteria and have the necessary requirements:

Eligibility:

  • You must be an account holder with Lotus Bank.
  • Your mobile number must be registered with the bank for SMS alerts and mobile banking services.

Requirements:

  • A mobile phone with a GSM number linked to your Lotus Bank account.

Step 2: Dial *5045# on Your Mobile Phone

To kickstart the activation process, you need to dial the Lotus Bank Transfer Code – *5045# on your mobile phone’s dialer. Make sure you are using the GSM number registered with Lotus Bank.

Step 3: Select “Activate USSD Code”

After dialing *5045#, a menu will appear on your screen with different options. To activate the Lotus Bank USSD Code, choose “Activate USSD Code” by entering the corresponding number and pressing “Send.”

Step 4: Enter Your Account Number

To verify your identity and ensure security, you will be prompted to enter your Lotus Bank account number. Provide your account number and press “Send.”

Step 5: Set Your USSD PIN

To complete the activation, you need to create a unique 4 to 6-digit USSD PIN. This PIN will serve as your secure access code for all future transactions using the Lotus Bank Transfer Code – *5045#. Choose a PIN that is easy for you to remember but challenging for others to guess. Enter your preferred PIN and press “Send.”

Step 6: Confirm Your USSD PIN

To ensure accuracy, you will be asked to re-enter the USSD PIN you just created. Confirm your PIN by re-entering it and press “Send.”

Step 7: Activation Successful

Congratulations! You have successfully activated the Lotus Bank USSD Transfer Code – *5045#. A confirmation message will appear on your screen, indicating the successful activation. You are now ready to embrace the world of mobile banking with Lotus Bank.

List of Lotus Bank USSD Codes and Functions

ServiceUSSD CodeDescription
Activate USSD Code*5045#Activate the Lotus USSD Code on your phone
Check Account Balance*5045*5*1#Check the available balance in your Lotus Bank account
Transfer Funds (Another Bank)*5045*3*Amount*AccountNumber#Transfer funds to another bank
Transfer Funds (Lotus Bank)*5045*Amount*AccountNumber#Transfer funds to another Lotus account
Airtime Recharge (others)*5045*Amount*PhoneNumber#Recharge another number
Airtime Recharge (others)*5045*Amount#Recharge your number

How to Transfer Funds with the Lotus Bank Transfer Code

Step 1: Dial *5045# on Your Mobile Phone

To initiate a fund transfer, dial the Lotus USSD Code – *5045# on your mobile phone’s dialer. Ensure you are using the GSM number registered with Lotus Bank.

Step 2: Select “Transfer Funds”

After dialing *5045#, a menu will appear on your screen with different options. To transfer funds, select “Transfer Funds” by entering the corresponding number and press “Send.”

Step 3: Choose Transfer Type

Next, you will be prompted to select the type of transfer you wish to make. The options typically include:

  • Transfer to Lotus Bank Account
  • Transfer to Other Bank Accounts Choose the appropriate transfer type by entering the corresponding number and press “Send.”

Step 4: Enter Beneficiary Details

Based on your selected transfer type, you will be asked to enter the beneficiary’s account details. For a transfer to a Lotus Bank account, provide the beneficiary’s account number. For transfers to other banks, enter the recipient’s bank name, account number, and the bank’s sort code. Double-check the entered details for accuracy and press “Send.”

Step 5: Enter Transfer Amount

After entering the beneficiary’s details, you will be prompted to specify the transfer amount. Input the amount you wish to transfer and press “Send.”

Step 6: Confirm the Transaction

To ensure the accuracy of your transfer details, the USSD system will display a summary of your transaction. Verify the beneficiary’s details, transfer amount, and transaction fee (if applicable). If everything is correct, proceed by entering your USSD PIN and press “Send” to confirm the transaction.

Step 7: Transaction Successful

You have successfully completed the fund transfer using the Lotus Bank USSD Code – *5045#. A confirmation message will appear on your screen, indicating that the transaction was successful. The transferred amount will be deducted from your Lotus Bank account and credited to the beneficiary’s account.

How to Make Bill Payments with USSD Code for Lotus Bank

Step 1: Dial *5045# on Your Mobile Phone

To initiate bill payment, access your mobile phone’s dialer and dial the Lotus Bank Code – *5045#. Make sure you are using the GSM number registered with the bank.

Step 2: Select “Pay Bills”

Once you dial *5045#, a menu will appear on your screen, presenting various options. Choose “Pay Bills” from the menu by entering the corresponding number and press “Send.”

Step 3: Choose the Bill Category

The next step involves selecting the specific category of the bill you wish to pay. Common options may include electricity, water, phone, internet, cable TV, and more. Select the appropriate bill category by entering the corresponding number and press “Send.”

Step 4: Enter Bill Details

After choosing the bill category, you will be prompted to enter the necessary bill details. For example, if you are paying your electricity bill, you may need to input your meter number or customer ID. Provide the required information accurately and press “Send.”

Step 5: Enter Payment Amount

Following the bill details, you will be asked to specify the payment amount. Enter the amount you wish to pay for the bill and press “Send.”

Step 6: Confirm the Transaction

To ensure the accuracy of your bill payment, a summary of the transaction will be displayed on your screen. Review the bill details, payment amount, and any applicable transaction fee. If everything is correct, proceed by entering your USSD PIN and press “Send” to confirm the transaction.

Step 7: Transaction Successful

Congratulations! You have successfully completed the bill payment using the Lotus Bank USSD Code – *5045#. A confirmation message will appear on your screen, indicating that the transaction was successful. The payment amount will be deducted from your Lotus Bank account, and your bill will be settled.

How to Check Lotus Bank Account Balance Using USSD Code

Requirements:

  • A mobile phone with a GSM number linked to your Lotus Bank account.

Step 1: Dial the USSD Code

To check your account balance, access your mobile phone’s dialer and dial the specific Lotus Bank USSD Code designated for balance inquiries. Ensure you are using the GSM number registered with the bank.

Step 2: Select “Check Balance”

After dialling the USSD Code, a menu will appear on your screen with various options. Choose “Check Balance” or a similar option, usually numbered as “1” or specified in the menu, and press “Send.”

Step 3: Verify Your Identity

For security purposes, the USSD system may prompt you to verify your identity. This might involve entering your Lotus Bank account number or providing your date of birth. Enter the required information accurately and press “Send.”

Step 4: Receive Your Account Balance

After successfully verifying your identity, the system will display your account balance on your screen. The balance shown will represent the available funds in your Lotus Bank account at the time of the inquiry.

Step 5: Additional Options

Depending on the USSD menu design, you may have access to additional options, such as viewing your recent transactions or obtaining a mini statement. If you wish to perform any other action, follow the instructions on the screen.

Step 6: Save the USSD Code

To make future balance inquiries even more accessible, save the Lotus Bank Transfer Code in your mobile phone’s contacts or as a quick dial number.

Conclusion

Mobile banking has brought unparalleled convenience and efficiency to our financial lives. By following this comprehensive guide, you have successfully activated the Lotus Bank Transfer Code, opening doors to a world of seamless banking services. Embrace the convenience of managing your finances on the go with the Lotus Bank USSD Code. From checking balances to executing transactions, the possibilities are endless. Empower your financial journey with Lotus Bank Code and take control of your banking experience today.

Want more on the Bank USSD Series, then, check the UBA USSD Code Service.