How To Make Use Of Parallex Bank USSD Code

How To Make Use Of Parallex Bank USSD Code

Are you an Parallex bank user in search of Parallex bank ussd code for banking transactions? If yes, then this article is definitely for you.

With the technology era today, most banks have provided their users with a platform that allows them to perform financial transactions without physically coming to the bank.

Parallex bank was formerly established as a microfinance bank in 2008 before fully converting into a full commercial bank in Nigeria. With their bank code, they have given their customers a platform that allows them to perform banking transactions from the comfort of their home.

That’s why we have taken our time to provide for you the steps you need in order to make use of Parallex bank ussd code.

 

Parallex Bank USSD Code

Before we proceed on the steps to make use of the above code, let us tell you what Parallex bank code is all about.

The official Parallex bank ussd code is *1242#. With this code you can perform most banking transactions such as send money, purchase airtime, pay utility bills and much more from the comfort of your home.

As a matter of fact, this code was created to make banking much easy for everyone and also eradicate the idea of standing on long bank ques to make things done.

 

Benefits of Parallex Bank USSD Code

Below are the benefit of making use of the above code;

  • Purchase airtime for yourself and loved ones with just a dial on your phone
  • Send money to business partners and families without stress.
  • Have access to your account at any point in time.
  • Pay utility bills with ease
  • Check account balance at any point in time.
  • Request mini account statement to enable you track your expenditure.

Requirements For Parallex Bank Code

Below are the requirements you need to make use of the above code;

  • A mobile phone; be it a basic phone or smart device
  • Parallex bank ATM debit card; you need to input the number in order to activate your account.
  • Parallex bank account; this platform is made available for only Parallex bank customers.

 

How To Activate Parallex Bank Code

In order to make use of this code, you need to first of all activate it. To do this simply do the following;

  • On your mobile device, using the phone number linked to your Parallex bank account dial *1242#
  • From the on-screen menu, select Register
  • Then input your Parallex bank account number
  • Then input the last six digit of your Parallex bank debit card.
  • Create a 4 DIGIT PIN that will be used to authenticate your transaction
  • Confirm the PIN by inputting it again.
  • A message will be sent to you indicating that you have successfully activated your account.

 

Read Also: Globus Bank USSD Code – Globus Transfer Code 2024

How To send Money to Other Parallex bank users using this Code

To do this, simply do the following;

  • On your mobile device, using the phone number linked to your Parallex bank account dial *1242#
  • From the on-screen menu, select Transfer
  • Then select to Parallex bank
  • Input the Parallex bank account number you wish to send the money to
  • Then input the amount you wish to send
  • Double check your transaction details to avoid any error.
  • Input your PIN to authenticate your transaction.

How To send Money To To Other Banks Using this Code

In order to do this, simply do the following;

  • On your mobile device, using the phone number linked to your Parallex bank account dial *1242#
  • From the on-screen menu, select Transfer
  • Then select To other banks
  • Input the account number you wish to send the money to
  • Then select the bank of the recipient
  • Input the amount you wish to send
  • Double check your transfer details to avoid any error
  • Input your PIN to authenticate your transaction.

How to Purchase Airtime For Self Using The Parallex Bank Code

To do this, simply do the following;

  • On your mobile device, using the phone number linked to your Parallex bank account dial *1242#
  • From the on-screen menu, select airtime purchase
  • Then select for self
  • Input the amount you wish to purchase
  • An sms will be sent to you that you have successfully purchase your airtime.

 

How to Purchase Airtime for others using the Parallex bank code

To do this simply do the following;

  • On your mobile device, using the phone number linked to your Parallex bank account dial *1242#
  • From the on-screen menu select Airtime purchase
  • Then select for others
  • Input the phone number you wish to purchase the airtime for
  • Then input the amount
  • Double check your transaction details to avoid any errors.
  • Input your PIN to authenticate your transaction.

 

FAQs on How To Make Use Of Parallex Bank USSD Code

Is Parallex bank code working on all networks?

The parallex bank ussd code is compatible on all mobile networks in Nigeria, be it Glo, MTN, Airtel or 9Mobile.

What is the official Parallex bank ussd code?

The official parallex bank code is *1242#. with this code you can perform multiple banking actions from the comfort of your home without stress.

How can i send money using the parallex bank code?

The process is very simple. You can either follow the steps above or you can dial *1242*amount*account number#

Conclusion

With the above article, you can easily make use of the Parallex bank code. You just need to follow the above steps.

Feel free to ask your questions in the comment section below.

 

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