How to Transfer Money from Opay to Bank Account using USSD Code 2024

This post uncovers How to transfer money from Opay to bank account using USSD Code. Moving money from your Opay wallet to your bank account is a breeze! No need to fire up the app or log in anywhere. With Opay’s USSD service, you can whip out your phone and transfer funds with just a few quick dials. This guide will walk you through the process step-by-step, making it super easy to manage your money on the go.

About Sending Money from Opay to Bank Account Using USSD Code

Opay’s USSD service provides a convenient way to transfer funds from your Opay wallet directly to your bank account. USSD stands for Unstructured Supplementary Service Data – basically, it’s a fancy term for using your phone’s keypad to send instructions and receive information.

Here’s what makes using USSD for Opay transfers so handy:

  • No internet connection needed: As long as you have mobile network coverage, you can make the transfer, even without an internet connection.
  • Quick and easy: The process is straightforward and takes just a few minutes to complete.
  • Secure: Opay utilizes secure protocols to ensure your transactions are safe.

Now, let’s dive into how to use this nifty feature!

How to Transfer Money from Opay to Bank Account Using USSD Code

Alright, here’s how to get your money moving:

  1. Dial the Opay USSD code: On your phone, simply dial *955#. This will launch the Opay USSD menu.
  2. Select “Transfer”: Once you’re in the Opay USSD menu, navigate to the “Transfer” option. You might need to press a specific number key to choose this option, depending on the menu layout.
  3. Choose “Bank Transfer”: Within the “Transfer” menu, you’ll be presented with options for transferring to other Opay users or to bank accounts. Select the option for “Bank Transfer.”
  4. Enter Recipient’s Bank Details: Here’s where you’ll provide the information for your receiving bank account. You’ll need to enter:
    • Bank Code: This is a unique code assigned to each bank in Nigeria. For example, the code for Guaranty Trust Bank is 058. You can find your bank’s code on their website or mobile app.
    • Account Number: This is the specific account number where you want to receive the funds.
  5. Enter Transfer Amount: Now, key in the amount of money you want to transfer from your Opay wallet to your bank account.
  6. Confirm Transaction: Double-check all the details you’ve entered, including the recipient’s bank code, account number, and transfer amount. Once everything looks good, confirm the transaction.
  7. Enter Your Opay PIN: To finalize the transfer, you’ll be prompted to enter your Opay PIN. This is the PIN you use to access your Opay wallet.
  8. Confirmation Message: After successful confirmation, you’ll receive a message from Opay confirming the transfer. You might also receive an SMS notification from your bank informing you about the incoming deposit.

Example:

Let’s say you want to transfer ₦5,000 from your Opay wallet to your Guaranty Trust Bank account (account number: 1234567890). Here’s what you would do:

  1. Dial *955# on your phone.
  2. Select “Transfer” from the menu.
  3. Choose “Bank Transfer.”
  4. Enter the Guaranty Trust Bank code (058) and your account number (1234567890).
  5. Enter the transfer amount (₦5,000).
  6. Confirm the transaction details.
  7. Enter your Opay PIN.
  8. You’ll receive confirmation messages from Opay and your bank.

Opay USSD Code Transfer

Remember, the key code to access Opay’s USSD service is *955#. Once you dial this code, you’ll be presented with a menu that allows you to navigate various functionalities, including money transfers.

FAQs About Transfering Money from Opay to Bank Account Using USSD Code

Q: How do I transfer from Opay using USSD?

A: Follow the steps mentioned above: dial *955#, select “Transfer,” choose “Bank Transfer,” enter recipient bank details, amount, confirm, enter recipient bank details, amount, confirm, and finally, enter your Opay PIN to finalize the transaction.

Q: Can I transfer money from my Opay account to another bank?

A: Yes, you can transfer money from your Opay wallet to any bank account in Nigeria using the USSD service. You’ll just need to provide the recipient’s bank code and account number during the transfer process.

Q: How do I do a bank transfer using a USSD code?

A: Specifically for Opay, use the USSD code *955#. However, some banks in Nigeria might offer their own USSD code for bank transfers. It’s always best to check with your bank for their specific USSD code and instructions if you want to transfer directly from your bank account.

Q: What is the Opay sort code?

A: Opay doesn’t utilize a sort code for transfers. The information you’ll need for transfers using Opay USSD is the recipient’s bank code and account number.

Q: How do I create a transfer pin in Opay?

A: You don’t create a separate transfer pin for Opay USSD transfers. The PIN you use to confirm the transaction is your regular Opay PIN, which you set up during your Opay account creation.

Q: Why can’t I transfer money from my Opay account?

There could be a few reasons why your transfer might be failing. Here are some things to check:

  • Insufficient Funds: Ensure you have enough balance in your Opay wallet to cover the transfer amount.
  • Incorrect Details: Double-check that you’ve entered the recipient’s bank code and account number correctly. A typo could cause the transfer to fail.
  • Network Issues: Sometimes, network connectivity problems can disrupt the USSD service. Try again in an area with a strong signal.
  • Daily Transfer Limit: Opay might have daily transfer limits in place. Check their website or app for information on their current limits.
  • Account Deactivation: If your Opay account is deactivated for any reason, you won’t be able to make transfers. Contact Opay customer support to resolve any account issues.

Q: How do I make a USSD payment?

While Opay USSD allows money transfers, it doesn’t currently facilitate direct bill payments. However, you can use the Opay app for various bill payments like airtime recharge, data top-up, and utility bill payments.

Q: How to open an Opay account with USSD?

Unfortunately, opening a new Opay account isn’t currently possible through USSD. You’ll need to download the Opay app and follow the account registration process within the app.

Q: How to cancel an Opay USSD transfer?

Once you’ve confirmed a transfer via USSD, it cannot be canceled. If you realize you’ve made a mistake or sent the money to the wrong account, you’ll need to contact Opay customer support to see if they can help.

Conclusion

Transferring money from your Opay wallet to your bank account using USSD is a convenient and secure option. With just a few taps on your phone, you can move your funds quickly and easily, anytime, anywhere. Remember the key USSD code *955# and follow the steps outlined above for a smooth transfer experience. Enjoy!