List of all Parallex Bank USSD Code 2024

List of all Parallex Bank USSD Code 2024: In today’s fast-paced world, Parallex Bank understands the importance of providing convenient and accessible banking services to its customers.

To make banking easier and more efficient, Parallex Bank has introduced a simple and user-friendly USSD code.

The Parallex Bank USSD code is a quick and convenient way to access a range of banking services directly from your mobile phone, without the need for internet connectivity or visiting a physical branch.

With just a few taps on your phone’s keypad, you can perform various transactions and manage your accounts effortlessly.

By dialing the USSD code provided by Parallex Bank, you can check your account balance, transfer funds, pay bills, buy airtime, and much more.

The USSD code is easy to remember and can be accessed from any mobile phone, making it accessible to everyone.

Gone are the days of waiting in long queues or rushing to a bank branch during business hours. With the Parallex Bank USSD code, you have the power of banking in the palm of your hand, available 24/7.

It is a secure and convenient alternative that saves you time and effort.

Okay, enough with this. I know you are in a hurry to set your eyes on this USSD code. Calm down and follow me through as I take you through everything you need to know about Parallex Bank Code.

What is Parallex Bank USSD Code

The USSD code for Parallex Bank in Nigeria is *1242#. By dialing this code on your mobile phone, you can access a range of banking services and perform transactions such as checking your account balance, transferring funds, purchasing airtime, and more.

Remember to use the registered mobile number associated with your Parallex Bank account when using the USSD code.

Requirements to Activate Parallex Bank USSD Code

The following are the things you need to activate the Parallex Bank USSD code;

• Parallex Bank account: You need to have a Parallex Bank account.
• Debit card: an active debit card linked to your account.
• Phone number: also you must have a phone number that has been linked to your account.
• Mobile phone (browsing phone or not).

How to Register for the Parallex Bank USSD Code in 2024

To be able to use the Parallex Bank USSD Code, you need to activate/register first. There are two aspects to this. Either you are an existing account holder or you are not. Either way, below is the way you can register for the USSD code;

For Existing Parallex Bank Account Holders

1. Dial *1242# from your mobile phone.
2. Select “Registration” and enter your account number (Retail accounts only)
3. Your debit card’s PAN (Primary Account Number) will be displayed. Choose your preferred card if you have more than one.
4. Enter your debit card’s 4-digit PIN.
5. Create a 4-digit USSD transaction PIN.
6. You will receive confirmation that your registration is successful.

For Non-Account Holders

1. Dial *1242# from your mobile phone.
2. Select “Account Opening” and enter your BVN (the phone number used must be linked to your BVN).
3. Review and confirm your First name, Middle name, and Last name.
4. Choose ‘Accept’ to proceed or ‘Reject’ to abort the process.
5. Enter your date of birth in DD/MM/YY format and proceed.
6. Optionally, enter a staff ID for a referral or skip to proceed.
7. Create a 7-digit preferred account number or skip to proceed.
8. Create a 4-digit USSD transaction PIN.
9. If all criteria are met, a Tier 1 account will be opened successfully, and you will receive an SMS notification with your account number on your registered mobile number.

Related Post: How to check BVN on Parallex Bank

List of Parallex Bank USSD Code in 2024

Below is a list of the Parallex Bank USSD Code available;

• Parallex Bank code for transfer of money to Parallex Bank – *1242*amount*recipient account Number#
• Parallex Bank code for transfer of money to other banks – *1242*Amount*Account number#
• Parallex Bank code to buy airtime for self – *1242*amount#
• Parallex Bank code to buy airtime for others – *1242*amount*phonenumber#
• Parallex Bank code for checking BVN – *565*0#
• Account Opening – *1242#
• Data Purchase – *1242#
• Bill Payment – *1242#

Depending on the operations you wish to carry out, dial the code and follow the prompt commands! 

Parallex Bank USSD Code for Airtime

Buying Airtime with Parallex Bank Code is very simple and straightforward.

The Parallex Bank code to buy Airtime for yourself is *1242*Amount# and if you want to buy it for others, the USSD code is *1242*Amount*Phone Number#. 

To purchase airtime using the Parallax Bank USSD code, simply follow these steps:

1. Dial *1242*Amount# on your mobile phone (the number you registered with your Parallex Bank account) and if you wish to recharge for others, simply dial *1242*Amount*Phone Number#.
2. For example, if you want to recharge ₦500, dial *1242*500#, or for others, dial *1242*500*080123456789#.
3. Select the option to recharge or buy airtime.
4. Choose the desired network (e.g., MTN, Glo, Airtel, or 9mobile).
5. Confirm the transaction details and enter your four-digit USSD banking PIN.
6. Press the send button, and within seconds, your mobile phone will be credited with the airtime value you selected.

How to Transfer Money with Parallex Bank USSD Code 

To transfer money from your Parallex Bank Account to another bank, simply dial *1242*amount*account number #.

If you want to transfer money from your Parallex Bank Account to another Parallex account, all you need to do is dial *1242*amount*account number #.

List of all Parallex Bank Code 2024 – FAQs

How do I buy airtime from Parallex Bank?

Stay connected on your mobile devices. No matter where you are, *1242# is all you need to recharge airtime from your Parallex Bank account.

How do I transfer money from Parallex Bank?

1242 is a Limitless way to perform your banking transactions like (transferring money, checking your account balance, paying your bills, buying airtime, cardless withdrawals, blocking your card, BVN verification, and lots more effortlessly without requiring you to have data (internet) on your phone. Simply dial *1242# to make the transfer.

How to open Parallex Bank online?

You can simply sign up on Parallex Bank Internet Banking to open Parallex bank account. 

How to Register on Parallex Mobile

• Download the Parallex Bank Mobile App
• Launch the App and click sign up.
• Enter your information. Follow the prompt to input your BVN, email address, phone number, and other relevant information.

About Parallex Bank

Parallex Bank Limited is a Nigerian financial services provider that operates as a licensed commercial bank, regulated by the Central Bank of Nigeria, the country’s central bank and national banking regulator. It is the first and only Microfinance Bank to transit to a Commercial Bank in Nigeria.

Which bank is Parallex Bank?

Parallex Bank Limited was incorporated as a limited liability company on the 22nd day of May 2020, having successfully converted from Parallex Microfinance Bank (a National Microfinance Bank incorporated in 2008 as a Unit MFB) to a commercial bank duly licensed by the Central Bank of Nigeria.

How many branch does Parallex Bank have?

Parallex Bank is the first bank in Nigeria to migrate from a microfinance bank to a commercial bank. While it was a microfinance bank, it was assigned ‘Bbb+’ ratings by Agusto & Co. and it ranked one of the first five in the industry with 10 branches across the country.

Who is the CEO of Parallex Bank?

Olufemi Bakre is the MD and CEO at Parallex Bank .

TechSpike’s Conclusion on Parallex Bank USSD Code 2024

In conclusion, the Parallex USSD code brings convenience, accessibility, and security to the fingertips of customers, allowing you to perform various banking transactions easily and efficiently.

It revolutionizes the banking experience by providing 24/7 access to essential services such as airtime purchases, fund transfers, bill payments, and more.

With the Parallex Bank USSD Code, customers can bank anytime, anywhere, and enjoy a seamless and hassle-free banking experience. 

With this article, I hope you have successfully found what you are looking for! Thanks for reading!

If you have any questions regarding this post simply leave us a comment in the comment box below and we will get back to you as soon as possible!