FairMoney USSD Code For Loan And Transfer in Nigeria with FAQs

Want an easier and much faster means of accessing loans or sending money in Nigeria? FairMoney USSD code is very handy for such a case. This service eliminates the use of the FairMoney app by providing an avenue for customers to directly make transactions from their phones using just a simple code.

One of the beautiful things about FairMoney’s USSD code is accessibility. Unlike the FairMoney app, which requires both a smartphone and an internet connection, this product works on pretty much any phone. You only need a basic phone with a mobile signal.

It therefore makes it a great way to handle your finances quickly and effortlessly, irrespective of your tech background. Be it a remote village or a city filled with activity, the USSD code for Fairmoney puts financial control at your fingertips.

In this article, we will provide some FAQs related to using FairMoney’s USSD code for loan and transfer purposes. So, continue reading to learn how, with this convenient service, you will be well on your way to benefiting in these various ways, and understand how it works.

What is FairMoney USSD Code?

The Fairmoney USSD code is *566*15#. Dial this short code number from the mobile phone registered on Fairmoney to very conveniently access FairMoney’s loan services. Just dial this code up, and you are all set to take a loan and make transfers.

The USSD code for Fairmoney is easy to use because it involves the use of a mobile phone. You can even use a small phone to apply for a FairMoney loan using the code and make a transfer.

Though it’s an easier way to get loans, you need to know how to use the Fairmoney USSD loan code to get quick loans.

Read Also – Providus Bank USSD Code for Airtime, Transfer, & Mobile Banking

What are the Features of the FairMoney USSD Code?

FairMoney has some features associated with its USSD code, hence making the application and reimbursement of loan settings easier and more user-friendly. Some of the features embedded include:

1. Loan Application: The user is allowed to apply for quick loans straight from this USSD code without necessarily having a smartphone or the internet.

2. Loan Repayment: Repayment is also easy through the provider’s USSD platform.

3. Account Balance Check: The user can check his/her account balance through the use of USSD.

4. Transaction History: Recent transactions can be reviewed through the USSD menu.

5. Airtime Purchase: A customer can top up their line or any other number through the USSD code.

6. Data Bundle Purchase: One can purchase data bundles as bundles available.

7. Bill Payments: Among other things, using the USSD service, a user can pay for electricity and water.

8. Fund Transfers: Easy, safe transfer of funds to other accounts.

9. Access to Customer Care: Simple way of accessing customer care in case of any help whatsoever.

These features combine to make the FairMoney USSD code an all-in-one tool for simple financial transactions and service handling, especially for those who may not have access to the internet or smartphone tools.

Comprehensive List of FairMoney USSD Codes

FairMoney offers a variety of services through its USSD codes for easier access, especially for users who may not have access to the internet. Here are the USSD codes provided by FairMoney:

Transactions	USSD Codes
Register for FairMoney USSD services	*566*15#
Transfer Funds	*566*15* amount* account number#
Access the loan menu and apply for a loan	*566*15* loan#
Fund your FairMoney account	*566*15#
Access other financial solutions (check account balance, buy airtime and data, manage account details)	*566*15#

Also Read – GTB USSD Code for Airtime, Transfer, & Mobile Banking

How to Activate FairMoney USSD Code

FairMoney does not need an activation code for their USSD code. This shall be the code in itself: *566*15#. However, you shall need to meet these requirements to use it: 

1. A phone number that is registered 
2. An account with FairMoney 
3. BVN 
4. A phone supporting USSD codes with no restriction from the network provider. 

Here is a brief about how the USSD code by FairMoney works: 

1. Dial *566*15# on your phone.
2. You will probably have prompts on your phone’s screen. Kindly follow such directives to complete your registration.

After these requirements and registration, you can use the FairMoney USSD codes for different transactions and services.

FairMoney USSD Code Usage 

FairMoney is a digital mobile banking software that allows you to receive a loan, transfer money, pay bills, withdraw money, and purchase airtime and data.

You would be using the Fairmoney USSD code to transfer or deposit money to whoever you want. However, before access will be granted to this app, you need to agree to the terms and conditions of the app.

Here is a quick rundown on using the FairMoney USSD code: 

1. Dial *566*15# on your phone.
2. Follow what’s on the screen. This will likely involve responding with numbers corresponding to the action you want to take, for example, ‘1’ for requesting a loan.

Read Also – Polaris USSD Code for Airtime, Transfer, & Mobile Banking

How to Block FairMoney USSD Code 

Block FairMoney USSD code with these steps:

1. Dial _566_15# to open the FairMoney USSD menu.
2. At this point, select the “Settings” or “Support” option. It is usually option 4 or 5.
3. Next, select “Block USSD” or “Deactivate USSD.”
4. Confirm blocking of the USSD code.
5. Enter your FairMoney PIN/password to authorize the request.
6. Get a confirmation message that the USSD code has been blocked.

Alternatively:

1. Contact FairMoney customer support through the app, email, or call.
2. Request them to block the USSD code.
3. Provide your account details and PIN for verification.
4. You will receive the message that the USSD code has been successfully blocked.

Note: If someone on their own accessed your FairMoney account through the USSD code, it will automatically block.

How to Unblock FairMoney USSD Code 

Follow these steps to unblock the FairMoney USSD code:

1. Contact FairMoney customer support via :

– FairMoney app (menu > support)

– Email (mailto:support@fairmoney.com)

– Phone (01-700-1555 or 0700-700-1555)

2. Request to have your USSD code unblocked
3. Provide some details of your account and PIN to identify you
4. You will be sent a confirmation message that the USSD code has been unblocked

Note: Ensure you have your account details and PIN in good memory; this is what will verify you and authorize the unblocking.

Also Read – Moniepoint USSD Code for Airtime, Transfer, & Mobile Banking

How to Upgrade My FairMoney Account Using USSD Code

Unfortunately, FairMoney cannot upgrade account limits via the USSD code. Upgrading Your Account requires uploading documents for verification.

Below is how to upgrade FairMoney account limits:

1. Requirements for Documents

• A copy of your government-issued ID: Driver’s license, National ID card, or Voter’s card.
• Proof of address document: Utility bill, bank statement, LAWMA Waste Bill showing your full name and address.

2. Upload the Documents 

• You are to send them to FairMoney via email at myaccount@fairmoney.ng. The FairMoney team will go through your documents to see that they tally with their requirements. When it is verified that they are correct, they will increase the limit on your account.

How to Repay to Pay Back FairMoney Loan with USSD Code

If you want to use the USSD code to repay a loan that you have borrowed from FairMoney, follow these steps:

1. Dial *566*15# on your phone.
2. Enter the “Repay Loan” option.
3. Enter the amount you want to repay. Either minimum payment or full amount.
4. Confirm the repayment amount.
5. Select the way of repayment between a bank account, debit card, or USSD code. If using a USSD code, select a bank and follow the prompts.
6. Authenticate a transaction with your bank’s USSD code or PIN. 
7. Upon successful refund, you will receive a confirmation message.

Note:

• Kindly ensure you have sufficient funds in either your bank account or debit card.
• The amount to be repaid and the respective due date can be accessed through both the FairMoney app and by simply dialing *566*15#.
• Late payment penalties might be charged; therefore, make payments on time to avoid additional penalties.

Remember to keep all your repayment records and confirmation messages for reference.

Read Also – Keystone USSD Code for Airtime, Transfer, & Mobile Banking

How to Borrow Money from FairMoney with USSD Code

Using the Fairmoney USSD code for loans is straightforward. Below are the steps:

1. Dial *566*15# on your mobile phone
2. You will be guided on how to check whether you’re eligible for a loan and the amount of money you want to borrow
3. Proceed to provide the necessary information, which generally includes personal information, bank account details, employment status
4. Review and confirm the loan application
5. Now wait for approval, usually just a few minutes.
6. Within minutes, the money will be in your bank account after you have gotten your loan.

That’s simply how to use the Fairmoney USSD code for a loan. No requirements are needed to get a FairMoney loan; signing in or logging in to the app will only be the prior proceeding needed just like being of your documentation and collateral.

How to Transfer with FairMoney USSD Code?

To use Fairmoney USSD transfer code is also simple. Just follow these steps:

1. Dial *566*15# on your phone.
2. Choose “Transfer”.
3. Type in the recipient’s phone number or bank account number.
4. Type in the amount to be transferred.
5. Choose the transfer type: FairMoney wallet, bank account, or mobile money.
6. Authenticate it with your FairMoney PIN or password.
7. Confirm the details of the transfer.
8. Get a confirmation message for the successful transfer.

Note:

• Ensure that the account of the receiver is valid and active.
• Transfer limits and fees apply; please refer to the FairMoney app or website.
• FairMoney USSD code transfers are only available for accounts and mobile numbers belonging to Nigerian banks.

Also Read – Wema Bank USSD Code for Airtime, Transfer, & Mobile Banking

What are the Advantages of FairMoney USSD Code

The USSD code for Fairmoney comes with a lot of benefits that for most users may not have access to a smartphone or reliable internet. Here are the key benefits: 

1. Convenience

FairMoney USSD code makes it possible to provide banking services without an internet connection and a mobile app. This means that you can perform any transactions anywhere and at any time as long as you have a phone with a stable network signal. 

2. Speed

Transactions using FairMoney codes receive instant feedback. This means you can send or receive money, check your balance, and repay loans within seconds.

3. Accessibility

The USSD code is always available, at any time, in any region, whether there is poor or no internet connectivity. This therefore provides a perfect solution for any person who might be staying in a rural or remote area or one with limited access to smartphones or Internet services.

4. Security

This adds security to the kinds of transactions one might be exposed to, hence avoiding unauthorized access and fraudulent activities.

5. Cost-friendly

FairMoney USSD code transactions are very competitively priced with no data charges or any other extra fees for that matter. This shall help you access financial services without extra costs, hence a cost-effective solution for your financial needs.

The above-mentioned advantages make the FairMoney USSD code a dependable, effective, and easy way to bank, especially among people who do not have access to digital banking Channels.

Security Mechanisms of FairMoney USSD Code

In securing the FairMoney USSD code system, the following security mechanisms can be adopted:

1. PIN Protection

FairMoney code is secured with a unique PIN that allows authentication of transactions for access to your account by authorized personnel only.

2. Security Password

Besides the PIN, entry of a password to the USSD code is also required to access sensitive transactions like loan repayment or account management.

3. Session Time-out

The USSD code sessions on FairMoney time out within a very short period if there is no activity on the session opened with your phone. This way, in case of loss or stealing of the phone, unauthorized access will be highly avoided.

4. Two-Factor Authentication (2FA)

Fairmoney’s USSD code can further implement 2FA, hence sending an OTP to where one is using it from—a registered phone number or an email address—thus leading to added security.

5. Encryption

Activities on the FairMoney USSD code are encrypted; this means sensitive information such as account numbers, PINs, and passwords need no worry of interception or eavesdropping.

These safety measures offer a little more security for your FairMoney code transactions and ease your mind when using this channel for financial services.

Read Also – Kiakia Loan USSD Code for Airtime, Transfer, & Mobile Banking

Common Issues and Solutions of Fairmoney USSD Code 

The FairMoney USSD code, *566*15#, gives an easy route to loans and probably other financial transactions without needing the app. You might, however, encounter some issues with it. Here are some frequent issues and solutions:

1. The USSD code is invalid: The code is actually *566*15#. Try again.

2. Network connectivity problems: Your USSD code relies on your phone’s network signal. Move to a location with a strong signal. You can do this by going to an open area or by restarting your device.

3. Wrong Phone Number: The code might only work for the phone number previously registered within the FairMoney database. Check that you are dialing with the exact number used in registering for FairMoney.

4. USSD Service unavailable: This is a rare case that your network provider may have the USSD service unavailable temporarily. You can contact your network provider to confirm.

5. Menu Options Not Responding: This is probably a glitch and will go off on its own. Restart your phone or wait a few minutes and try again.

If none of these fixes are effective, examine the following:

• The FairMoney App: It has more advanced functionality and could be more stable.
• You may need to contact FairMoney customer support to diagnose the problem and further assistance. Their contact details can be found on the FairMoney website.

Following these tips, you can troubleshoot the most common FairMoney USSD issues and get back to managing your money.

FairMoney Customer Care Service

You can contact FairMoney customer care service to seek help whenever it’s needed.

• ADDRESS: 28, Pade Odanye Close, Off Adeniyi Jones, Ikeja, Lagos Nigeria.
• Email Address: help@fairmoney.ng
• Phone number: 017001276 / 018885577.

Final Thoughts 

The code for FairMoney provides direct and quick ways for Nigerians to get loans and make transfers. Customers can dial *566*15# to access financial services without an internet connection, thereby fast and convenient.

With this innovation, one does not necessarily need to worry so much about managing finances. If you have any questions about how to use the Fairmoney USSD, please kindly go through the FAQs below.

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Frequently Asked Questions 

Reference 

• vtu.ng – FairMoney USSD Code For Loan And Transfer
• www.makemoney.ng – How to get a loan from FairMoney

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