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| USSD Code for Moniepoint Transfer: |
USSD code for Moniepoint transfer explained. Learn how to send money with *5573#, charges, steps, security tips, and common fixes.
If you are searching for the ussd code for moniepoint transfer, you are likely looking for a fast, reliable way to send money without relying on mobile data or the Moniepoint app. This guide is written to give you the most accurate, current, and practical information available, explained in clear language and backed by verified facts.
Whether you are a Moniepoint personal banking user, a business account holder, or a POS agent, this article explains how Moniepoint USSD works, how to transfer money step by step, common issues to avoid, and safer alternatives when USSD is unavailable.
What Is Moniepoint and Why USSD Banking Matters
Moniepoint is a Central Bank of Nigeria–licensed microfinance bank that provides digital banking services to individuals and businesses across Nigeria. It is especially popular among merchants and POS agents because of its speed, reliability, and nationwide reach.
USSD banking is important because it allows users to:
- Transfer money without internet access
- Perform banking transactions on any phone
- Bank during network outages or low data situations
For many Nigerians, USSD remains the most dependable way to move money quickly.
The Official USSD Code for Moniepoint Transfer
The ussd code for moniepoint transfer is:
*5573#
This code works on all major Nigerian networks and allows eligible Moniepoint users to perform basic banking transactions directly from their mobile phones.
Important note:
- The USSD service is linked to the phone number registered with Moniepoint
- Your line must be active and able to send USSD commands
- A transaction PIN is required to authorize transfers
How to Transfer Money Using Moniepoint USSD Code
Step-by-Step Guide
To send money using Moniepoint USSD, follow these steps carefully:
- Dial *5573# on your registered phone number
- Select the option for Transfer
- Choose whether you are transferring to:
- Another Moniepoint account
- A bank account in Nigeria
- Enter the recipient’s account number
- Select the destination bank if required
- Enter the transfer amount
- Confirm the recipient’s name displayed on screen
- Enter your Moniepoint transaction PIN
- Wait for the confirmation message
Once completed, you should receive an SMS confirming the transaction.
Transactions You Can Perform With Moniepoint USSD
Beyond transfers, the Moniepoint USSD service supports several essential functions.
Available USSD Services
- Money transfers
- Balance inquiry
- Account verification
- PIN management (in some cases)
However, not all features available on the Moniepoint app are accessible via USSD.
Who Can Use the Moniepoint USSD Code?
The Moniepoint USSD service is available to:
- Moniepoint personal account holders
- Moniepoint business account users
- Moniepoint POS agents (subject to account type)
Your account must be fully activated and linked to your phone number before USSD transactions will work.
Charges for Moniepoint USSD Transfers
Moniepoint transfer charges via USSD are generally competitive and similar to app-based transfers.
What to expect:
- Standard interbank transfer fees may apply
- USSD session charges may be deducted by your mobile network
- Fees are displayed before final confirmation
For the most accurate and updated pricing, users are advised to review Moniepoint’s official pricing information available through its verified platforms.
Common Problems and How to Fix Them
USSD Code Not Working
If *5573# is not responding:
- Confirm you are using your registered phone number
- Check network signal strength
- Restart your phone and try again
- Ensure USSD is not blocked on your SIM
Transaction Failed but Account Debited
This is rare but can happen due to network delays.
- Wait a few minutes and check your balance
- Funds are usually reversed automatically
- If not reversed, contact Moniepoint support through official channels
Wrong PIN Error
If you enter the wrong PIN multiple times:
- Your USSD access may be temporarily restricted
- Use the Moniepoint app to reset your PIN
- Avoid sharing your PIN with anyone
Security Tips When Using Moniepoint USSD
USSD banking is secure, but user behavior matters.
Best practices:
- Never share your USSD PIN
- Do not perform transfers on someone else’s phone
- Always confirm recipient details before approving
- Avoid responding to suspicious calls requesting USSD actions
Moniepoint does not ask customers to disclose PINs or perform test transfers.
USSD vs Moniepoint App: Which Is Better?
Both options serve different needs.
When USSD Is Better
- No internet access
- Using a basic phone
- Emergency transfers
When the App Is Better
- Full transaction history
- Better error tracking
- More features and controls
Ideally, users should keep both options available.
Is Moniepoint USSD Safe and Regulated?
Yes. Moniepoint is licensed by the Central Bank of Nigeria, and its USSD transactions are routed through Nigeria’s regulated banking infrastructure.
You can confirm Moniepoint’s regulatory status through the Central Bank of Nigeria and Nigeria Inter-Bank Settlement System (NIBSS), both of which oversee electronic banking operations in the country.
Alternatives If Moniepoint USSD Is Unavailable
If the USSD service is temporarily down, you can:
- Use the Moniepoint mobile app
- Transfer via Moniepoint POS (for agents)
- Wait and retry during off-peak hours
Network congestion is usually the main cause of downtime, not account issues.
Frequently Asked Questions
Can I use Moniepoint USSD on any phone?
Yes. USSD works on both smartphones and feature phones.
Do I need data to use the USSD code?
No. USSD does not require internet access.
Can I transfer to other banks?
Yes. Moniepoint USSD supports transfers to Nigerian banks.
Is the USSD code the same for all networks?
Yes. *5573# works across major Nigerian mobile networks.
Activate Your Moniepoint USSD Today
If you already have a Moniepoint account and have not tried USSD banking, activate it today. It could save you during emergencies when data or apps fail.
Ensure your phone number is correctly linked and your PIN is secure so you can transfer money anytime, anywhere.
Conclusion
The ussd code for moniepoint transfer provides a reliable, fast, and internet-free way to send money in Nigeria. By dialing *5573#, Moniepoint users can complete essential transactions even in challenging network conditions.
Understanding how the service works, its limitations, and its security practices helps you bank smarter and safer. Whether you are a business owner, POS agent, or everyday user, Moniepoint USSD remains a powerful tool worth mastering.
For the best experience, combine USSD banking with the Moniepoint app and always rely on official Moniepoint communication channels for updates.
