Performing financial transactions has never been easier, thanks to the LAPO USSD code. With this bank code, LAPO customers can perform simple financial operations directly from their mobile phones, without the need for internet data or a banking app.
In this article, we will provide a comprehensive overview of the LAPO USSD code service and walk you through the steps to use it. We will explain the eligibility requirements for using the LAPO USSD code, the authentication process, and the range of available services. By the end of this guide, you will be ready to start using the LAPO USSD code effortlessly.
What is the LAPO USSD Code?
The LAPO USSD code, *371# is a mobile banking platform provided by LAPO Microfinance Bank one of the Top 10 Microfinance Banks In Nigeria, that allows customers to carry out banking transactions using their mobile phones without an internet connection.
After dialling this code, customers are prompted to enter their Bank Verification Number (BVN) for authentication. They can then perform services such as checking account balances, transferring funds, paying bills, buying airtime, and more.
The LAPO USSD code provides 24/7 access to banking services from anywhere as long as the customer has a mobile phone connected to their LAPO bank account.
How To Use The Lapo USSD Code
The Lapo USSD code provides an easy process for you to borrow money from LAPO and also carry out other financial transactions without going to their office.
To borrow money using the USSD code, follow the steps below.
- Dial *371# on your mobile phone and send using the call button.
- After that, the screen will show the LAPO USSD code menu.
- Follow the prompt to continue. But for a new customer, you will be required to register with your BVN number.
- Once you have registered, you can also dial the USSD code and follow the prompt on your screen.
- But if you are not registering for the first time, or if you have registered, simply select the option that corresponds with the transaction you wish to carry out and then follow the prompt.
- However, the required information is based on the transaction you are carrying out. You can be asked to enter some information such as the recipient account number, phone number, account number or amount to be transferred.
- Ensure you put in the right information to avoid mistakes or errors in the process of the transaction.
- Confirm the transaction details correctly to ensure they are correct. Then enter your PIN to authorise your transaction.
- Once confirmed, the transaction will be processed and you will receive a confirmation message on your phone.
Once you have followed these steps provided, you have successfully borrowed money from them. Whether you are transferring funds or you are paying bills or buying airtime, the platform is available for you anytime and any day.
Eligibility Requirements For LAPO USSD Code
Here are the eligibility requirements for using the LAPO USSD Code mobile banking service:
- Must be a customer of LAPO Microfinance Bank with an existing bank account. The USSD code allows access only to one’s own LAPO account(s).
- Must have a registered mobile phone number with the bank that is linked to your account(s). All transactions and authentication are done via this registered mobile number.
- Customers must have a valid Bank Verification Number (BVN) registered with their LAPO account(s).
- For account balance checks and transfers between own accounts, no minimum balance is required. However, bill payments and third-party transfers may have set minimum transaction amounts as defined by the bank.
What You Can Use The LAPO USSD Code For
Here are some of the key services that can be accessed using the LAPO USSD Code *371#:
– Balance Enquiry: Customers can check their account balances for current, savings, or other LAPO accounts by selecting the balance enquiry option.
– Intra-Bank Funds Transfer: LAPO account holders can transfer money between their own LAPO accounts from current to savings with just a few clicks.
– Bills Payment: Users can pay utility bills like electricity, cable TV, airtime top-ups, etc. using the USSD code. Supported billers are listed on the platform.
– Airtime Purchase: The service allows purchasing airtime for yourself and others directly from your LAPO account for major networks in Nigeria.
– Mini Statement: A mini statement showing the last few transactions can be generated to track account activity easily.
– Complaints Registration: There is an option to lodge complaints regarding LAPO services for quick resolution.
– Loan Repayment: LAPO loan customers can use the code to make quick repayments on their loans.
– Check USSD Transaction History: Users can view a log of all transactions performed through the USSD platform.
– Funds Transfer to Other Banks: LAPO account holders can transfer money to accounts in other Nigerian banks as well.
So in summary, the *371# USSD code provides convenient access to banking, bill payments, transfers and more directly via mobile phones.
Benefits Of Using Lapo USD Code
The Lapo USSD code provides a range of benefits to customers making it convenient for customers to use. Here below are some of the benefits:
- Convenience at Your Fingertips: Lapo Microfinance Bank’s USSD Code provides a seamless and user-friendly method for accessing banking services. Conducting transactions becomes hassle-free, requiring only a few taps on your mobile phone. This convenient feature allows you to manage tasks such as bill payments, fund transfers, and airtime/data purchases from the comfort of your home or workplace, eliminating the need for internet access or a visit to a physical bank branch.
- 24/7 Accessibility: The Lapo USSD Code operates around the clock, 365 days a year, ensuring that you can perform transactions at any time, including holidays and weekends. This constant availability caters to customers with busy schedules, offering a solution for those who may find it challenging to visit a bank branch during regular business hours.
- User-Friendly Interface: Designed with simplicity in mind, the Lapo USSD Code is user-friendly even for individuals not well-versed in technology. The platform features straightforward menus that guide users through each step of the transaction process. This intuitive design enables customers to swiftly and efficiently complete transactions without requiring assistance from bank personnel.
- Emphasis on Security: Lapo Microfinance Bank places a paramount focus on security across all its operations, including the USSD code platform. Transactions conducted through the USSD Code benefit from robust security measures, and the bank has implemented multiple safeguards to thwart fraud and safeguard customer data. Furthermore, the platform necessitates a unique PIN for each transaction, providing an additional layer of security for users
Conclusion
Lapo Microfinance Bank’s USSD code provides customers with a convenient, secure, and straightforward platform to access a range of financial services, including loans, 24/7.
By dialling the USSD code and following the on-screen instructions, customers can access loan products such as business loans, asset finance loans, savings loans, education loans, salary advance loans, and agricultural loans.