All Parallex Bank USSD Code for money transfer, airtime and check account balance

Last Updated on February 19, 2025 by admin

Do you want to transfer or buy airtime from Parallex Bank  and you don’t have data or smart phone. if yes worry not because you can now make use of ussd code for all your transaction from the comfort of your home.

Parallex Bank offers a convenient USSD banking service that allows customers to perform various transactions directly from their mobile phones. By dialing *1242#, users can access a range of services such as checking account balances, transferring funds, paying bills, and purchasing airtime. This service is available 24/7 and does not require internet connectivity, making it accessible to users with basic mobile phones

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How to Register for parallex bank USSD code

To register for Parallex Bank’s USSD codes, follow these steps:

1. From your registered phone number, dial *1242*0#.
2. Follow the prompts and select the “Registration” option.
3.  Input your Parallex Bank account number.
4.  Create a unique 4-digit PIN to secure your USSD transactions.
5.  Re-enter the PIN to confirm.
6. You will receive a successful activation message that your registration was successful.

Also read: How to register for National Australia Bank (NAB) internet banking and mobile app

Benefits of Parallex Bank ussd code

The benefits of using USSD banking with Parallex Bank are numerous. It provides a secure and efficient way to manage finances without the need for internet access or a smartphone. This service is particularly beneficial for users in remote areas or those with limited access to traditional banking infrastructure. Additionally, it promotes financial inclusion by making banking services accessible to a wider range of customers

1.  Access banking services anytime, anywhere, without needing an internet connection.
2.  Simple and easy-to-remember USSD code (*1242#).
3.  Perform various transactions such as money transfers, airtime purchases, bill payments, and data purchases.
4. Complete banking transactions quickly and efficiently.
5.  Manage your account, update your BVN, block your account or card, and update your PIN.
6. Withdraw cash from ATMs without needing a physical card.
7.  Incur a standard network charge of ₦6.98 for transactions

How to Transfer Money with Parallex Bank USSD Code

Once registered, you can transfer money to both Parallex Bank and other bank accounts. For transfers to Parallex Bank customers, use the format *1242*amount*recipient account Number#. For transfers to other banks, the format is *1242*Amount*Account number#. This system is designed to be user-friendly and does not require an internet connection, making it accessible to all types of mobile phones.

It is important to note that there are fees associated with transferring money using the Parallex Bank USSD code. These fees range from ₦10 to ₦50, depending on the amount and transaction method. Additionally, there is a daily transfer limit of ₦100,000 for USSD transfers, which can be adjusted based on the account type.

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How to buy airtime and data from Parallex Bank USSD Code

Parallex Bank offers a convenient way to purchase airtime and data using their USSD service. To buy airtime for yourself, simply dial *1242*Amount# on your mobile phone, where ‘Amount’ is the value of airtime you wish to purchase. For instance, if you want to buy ₦500 worth of airtime, you would dial *1242*500#. If you wish to buy airtime for someone else, you can use the code *1242*Amount*Phone Number#.

Steps to Buy Data:

1.  From your registered phone number, dial **1242*5#.
2.  Follow the prompts and select the “Data” option.
3. Select the network provider (e.g., MTN, Glo, Airtel, 9Mobile) you want to purchase data from.
4.  Specify the amount of data you want to purchase.
5. Provide the phone number to be credited.
6.  Follow the prompts to review and confirm the transaction details.
7. Confirm the transaction by entering your 4-digit USSD PIN.
8. You will receive a confirmation message that your data has been credited.

Read: How to buy airtime from zenith bank

List of Parallex Bank USSD Code