Wema Bank Code For Transfer: Easy Banking Solution

Using the Wema Bank Transfer Code to Send Money

The Wema Bank transfer code is a quick and easy way to send money to another Wema Bank account or to an account at another bank in Nigeria. The transfer code is **945*Beneficiary Account Number*Amount#**. By using this code via Wema Bank’s USSD banking, you can transfer funds without needing internet access or having to visit a bank branch.

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How the Wema Bank Transfer Code Works

To use the Wema Bank transfer code, you first dial 945# on your mobile phone. This will bring up the Wema Bank USSD menu. From there, you enter the transfer code using the following format:

**945*Beneficiary Account Number*_Amount_#**

So for example, to send N10,000 to a Wema Bank account with the number 0123456789, you would enter:


After entering the transfer code, you will be prompted to enter your Wema Bank PIN to confirm and complete the transaction. As long as you have sufficient funds available, the money will instantly be debited from your account and reflected in the recipient’s account.

The transfer code allows you to quickly and securely send money without needing to have internet access on your mobile phone. As long as you have network coverage from your mobile provider, you can use the USSD platform to send money from anywhere at any time.

Benefits of Using the Wema Bank Transfer Code

There are several benefits that make the Wema Bank transfer code a convenient option:

  • Speed – Transactions happen in real-time, so transfers are fast and efficient. As soon as you enter the code and PIN, the funds are immediately debited and credited.
  • Convenience – With only your phone and PIN needed, transfers can be done anywhere without internet access or visiting a bank branch.
  • Security – The PIN authentication ensures transfers are secure and helps prevent unauthorized transactions.
  • Low cost – Wema Bank does not charge fees for transfers between Wema accounts. For transfers to other banks, a fee of only N50 applies.
  • 24/7 availability – You can use the USSD platform to send money at any time of day, even when bank branches are closed.

Step-by-Step Guide to Sending Money

If you want to use the Wema Bank transfer code to send money to another account, follow these steps:

  1. Register for Wema Bank USSD banking – To get started, you need to register your phone number for the service by dialing 94501#. Provide your account details when prompted.
  2. Get the recipient’s account details – To send money, you’ll need the account number of the person or business you want to pay. Make sure this is accurate.
  3. Check your account balance – Before initiating a transfer, confirm you have sufficient funds by selecting ‘Account Balance’ from the USSD menu.
  4. *Dial 945# – Use your phone to dial *945# and access the USSD banking menu.
  5. Select ‘Transfers’ – Choose option 2 for Transfers.
  6. Enter transfer code – Using the format shown earlier, enter the beneficiary account number, transfer amount, and # sign to continue.
  7. Confirm details – Verify that the details entered are correct.
  8. Enter PIN – Input your Wema Bank transaction PIN to authenticate the transfer.
  9. Get confirmation – You will receive an SMS confirming if the transfer was completed successfully.

And that’s it – you have now sent money using the Wema Bank USSD transfer option. Check that the recipient has received the funds in their account.

Transfer Limits and Requirements

When sending money via the Wema Bank USSD code, keep the following limits and requirements in mind:

  • Maximum of N500,000 per transaction – For security reasons, there is a N500,000 limit per transfer. For amounts above this, you will need to visit a branch.
  • Transaction PIN required – Your 4-digit transaction PIN is needed to authenticate transfers. Keep this PIN secret and do not share it with anyone.
  • Only for Wema Bank accounts – The USSD code can only be used to transfer between Wema Bank accounts. For other banks, you’ll need to add beneficiaries within the USSD menu.
  • Sufficient account balance – There must be enough money in your account to fully cover the transfer amount and any associated fees.
  • Daily transfer limits – Wema Bank may set restrictions on the total amount or number of transfers per day. Check with your branch if needed.
  • Bank fees – Transfers to other banks cost N50. But transfers between Wema accounts are free.

Tracking Your Transfer

To check the status of your transfer or confirm when funds have been received, you have several options:

  • Transfer SMS – You will receive an SMS notification confirming your transfer is successful. Save this in case you need it.
  • Account statement – Log in to Wema online banking or request a mini-statement via USSD to verify the transfer.
  • Account balance – Check your new balance via USSD or online banking to confirm funds were debited.
  • Recipient confirmation – Contact the beneficiary to confirm if/when they received the funds.
  • Contact Wema Bank – At any point, you can call your branch if you need assistance or have questions about a transfer.

Sending Money to Other Banks

The Wema Bank transfer code only works for transfers between Wema Bank accounts. But you can still use the USSD platform to conveniently send money to other banks in Nigeria.

Here is how:

  1. Dial *945# to access the USSD menu
  2. Select ‘Funds Transfer’ and choose ‘To Other Banks’
  3. Select ‘Add Beneficiary’
  4. Provide the account name, account number, and bank name/code of the recipient
  5. Confirm beneficiary details

Once successfully added, you can then:

  1. Select ‘To Other Banks’ from the Transfer menu
  2. Choose your added beneficiary
  3. Enter transfer amount
  4. Confirm details and enter PIN to complete transfer

This allows you to quickly send money to any bank without any forms or paperwork. Do note fees apply for transfers to other banks. Add beneficiaries ahead of time to make transfers even faster.

Common Transfer Issues and Solutions

When using the Wema Bank transfer service, there are some common issues that may come up:

Insufficient funds – Make sure you have enough money in your account to cover the transfer amount plus any fees. Fund your account before initiating the transfer.

Incorrect details entered – Double check that you enter the correct beneficiary account number and amount. Errors will cause the transfer to fail.

Transaction PIN forgotten – If you forget your PIN, you can reset it by visiting a Wema Bank branch with valid ID.

Transfer limits exceeded – The per-transaction or daily limits may have been reached, preventing transfers. Reduce the amount or wait until the next day.

Network issues – USSD relies on mobile network coverage. Move to an area with better reception and try again if you face issues.

Unexpected fees charged – Wema Bank has clear transfer fees stated on their website. If unfamiliar charges occur, contact the bank to dispute.

Unreceived funds – Confirm the beneficiary account number was entered correctly. Contact Wema Bank to trace the transfer if funds are still missing.

Suspected fraud – If your PIN was compromised or you believe a transfer was unauthorized, immediately contact Wema Bank to place a block and dispute the transaction.

By taking note of the troubleshooting tips above, you’ll be able to easily resolve most issues that arise when using the Wema Bank money transfer service.


The Wema Bank money transfer code offers a quick and convenient way to send funds from your account to other Wema customers or to any other bank. By dialing *945# and using the format *945*ACCOUNT_NUMBER*AMOUNT#, anyone with a Wema Bank account can instantly transfer money right from their mobile phone.

Benefits like speed, security, accessibility, and low fees make this facility useful for everyday Nigerians who need to send money without internet access or visiting a bank branch. As long as you have your phone and transaction PIN, transfers can be completed within seconds.

Just be sure to always check your balance, enter details accurately, set up beneficiaries for other banks, and keep your PIN protected. Follow the tips covered to enjoy a smooth funds transfer experience with Wema Bank USSD banking.

Frequently Asked Questions

How much does it cost to use the Wema Bank transfer code?

Transfers between Wema Bank accounts using the *945# USSD code are free. But transfers to other banks cost N50 per transaction.

Can I use the transfer code from any mobile network?

Yes, as long as you have a registered Wema Bank account and transaction PIN, you can use the transfer code from any mobile network like MTN, Glo, Airtel, or 9Mobile. USSD banking will work on any network.

Is there a limit to how much I can send in one transfer?

For security reasons, there is a transfer limit of N500,000 per transaction when using the USSD transfer code. If you need to send higher amounts, you will have to visit a Wema Bank branch instead.

What happens if I enter an incorrect account number?

If you mistakenly enter the wrong account number, the transfer will fail and the funds will remain in your account. Always double check that you have the correct details before initiating a transfer.

How do I add a new beneficiary on the Wema Bank USSD menu?

To add a new beneficiary to pay on the Wema Bank USSD platform, select ‘Funds Transfer’ then choose ‘To Other Banks’ and select the ‘Add Beneficiary’ option. Here you can provide the account details and bank information to register new recipients.

Can I use the transfer service to send money to other countries?

Unfortunately, the *945# USSD transfer code only works for domestic transfers within Nigeria. You cannot use it to send funds internationally. For that, you would need to visit a Wema Bank branch and make enquiries.

What happens if I forget my transaction PIN?

If you forget your 4-digit Wema Bank transaction PIN for the USSD service, you can reset it by visiting any Wema Bank branch in person with valid ID. A customer service officer can then assist you with recovering access.

How long do transfers to other banks take?

Transfers initiated via the USSD platform to other Nigerian banks are usually received within the same day, if submitted before the bank’s cut-off times. Confirm with the recipient that funds have reflected in their account.


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