The introduction of USSD banking into the financial world is really a game changer, as banking transactions are now more efficient and easy.
Although, the ease of use is a major benefit of using the USSD banking, there are still more uses and benefits you may not know. That’s why this post is curated to supply you with those information.
What is USSD banking?
It’s a new way to bank. And it’s only available from MasterCard. You can’t get USSD banking on your regular debit card or credit card. Just like the Access bank code, it can be used for different types of banking transactions right from your mobile phone.
The first benefit of USSD banking is that it allows users to make instant transfers online by just entering their card details over the phone. They no longer have to wait around for an ATM machine or visit a branch office. They can do everything in one place with one service: their phone. Here are some more benefits of this type of payment system.
Transfer money to any bank account in the country
USSD banking is a mobile banking service. It allows you to transfer money from your bank account to any other bank account in the country through a secure and fast process. This can be done using just one number, so there’s no need for multiple accounts or passwords.
USSD banking works on all mobile networks in Ghana, meaning that it’s available on every phone with internet access. You don’t need an app or app store to use it – just text USSD code followed by amount you want transferred (e.g., USSD code +1000) and send off!
Check your account balance
You can check your account balance through USSD banking. This is a great way to keep track of how much money you have, and it’s easy! You just need to enter the USSD code that we provided in this guide, then press send.
You’ll see the balance appear on your phone as soon as you enter it into your account. If there are any errors with your phone or SIM card, be sure to contact support so they can fix them for you before proceeding with any requests for help or assistance from their team members at [their website].
Airtime top up or recharge
USSD banking is easy and quick. You can top up your airtime without paying commission, or you can top-up any network in the country. For example, Nigerians can use the Opay USSD code to check airtime balance, view statements and make payments using USSD banking.
Pay for goods and services with your mobile phone
USSD banking is a type of mobile banking, which means it allows users to make payments using their phones. Mobile wallets can be used to pay for goods and services with your mobile phone, as well as transfer money from one person’s bank account to another person’s bank account or vice versa.
In this section we will learn about how USSD codes for any bank works:
- How does it work? The simplest way to understand what USSD is all about is by looking at the following image:
Pay for TV subscription bills
USSD banking is a convenient way to pay for your TV subscription. You can use USSD codes to make payments directly from your mobile phone, and it’s even possible to set up automatic payments so that you never have to think about it again.
If you have a USSD-based payment plan with cable provider Xfinity, then simply enter the four-digit code into your device when signing up or renewing their service contract — and voila! You’re good to go!
What are the benefits of USSD banking?
The benefits of USSD banking include:
- It’s a simple way to access your bank account. You can do this by sending a text message or making a call from any mobile phone.
- The ability to transfer money through the use of USSD banking is another benefit because it allows you to send funds directly from one account into another without having to stand in line at an ATM machine or visit an agent. For example, if you want cash from your savings account into your current checking account, all you need do is enter “transfer” followed by the amount being transferred as well as where it should go (in this case: Savings/Current). Then press Enter!
Conclusion
USSD banking is a great way to access your money, without having to go through the hassle of going into a branch or ATM machine. It’s also much easy when compared with traditional banking methods that require signing in a bank account and entering PIN numbers every time we want to transfer funds from one account to another! All you need is your mobile number and an internet connection – so please do not hesitate in giving USSD Banking a try, just download our app today!
