Complete List of Lotus Bank USSD Code for Transfer, OTP, Airtime

In today’s fast-moving world, Lotus Bank realizes that customers need convenient and easily accessible services presented to them. In this regard, the Lotus Bank USSD code has been given for easy and friendly banking.

The USSD code for Lotus Bank is a quick channel through which customers can obtain a wide array of banking services from the convenience of their mobile phones, without an internet connection or visiting a bank.

You can carry out other transactions and manage your accounts easily at the touch of a few buttons on your phone.

Using the given Lotus Bank USSD transfer code, you can dial and check through for balance, funds transfer, bill payments, purchase of airtime, obtaining OTP, and lots more. It is an easy-to-remember USSD code, accessible from any mobile phone, and thus usable by everyone.

This article is going to be your one-stop shop for most Lotus Bank USSD codes that you would need, right from transfer to even receiving OTPs (one-time passwords) for the convenience of buying airtime. Stay glued to this article, and let’s get started!

What is Lotus Bank’s USSD Code?

Like many other traditional banks in Nigeria, Lotus Bank has moved its USSD transfer code up to the tune of *5045#, which caters to a myriad of services available to all categories of customers. This idea gave users an offline but robust banking channel with unstable internet connections.

The Lotus USSD code has grown so much since then, and now one can transfer money, buy airtime, fund a Lotus bank prepaid card, pay bills, generate OTP, and request a bank statement, among other related services.

Moreover, the Lotus Bank USSD transfer code is applicable on all major Nigerian networks: MTN, Glo, 9mobile, and Airtel. While you will have to pay a service charge for some of the transaction, it’s usually nothing out of the ordinary.

Read Also – RenMoney USSD Code for Loan and Transfer in Nigeria with FAQs

What are the Features of Lotus Bank USSD Code?

Lotus Bank USSD code offers a good number of features in managing your account on the go—right from basic transactions to security settings—all absolutely without an internet connection and airtime. Here’s a quick rundown of what you can do with it:

1. Account Balance Enquiry
2. Airtime Recharge
3. Funds Transfer
4. Bill Payment
5. Buy Data
6. Mobile Banking PIN Change
7. Cardless Withdrawal
8. Mini Account Statement
9. Generate OTP
10. Loan Requests
11. Customer Support

That means, therefore, that most basic banking transactions are done easily right from your phone via the Lotus Bank USSD code.

The Complete List of Lotus Bank USSD Codes

The following is a list of Lotus Bank USSD codes. 

Transaction	USSD Codes
Check Balance	*5045*5*1#
Transferring money to Lotus Bank	*5045*Amount*Account Number #
Transferring money to other banks	*5045 * 3 * Amount * Account Number #
Buy airtime for self	*5045*amount#
Buy airtime for others	*5045*amount*phone number#
Checking BVN	*565*0#
Account Opening	*5045*0#
Data Purchase	*5045*2*#
Bill Payment	*5045*3#
Cash Deposit	*5045*4#
Cardless Withdrawal	*5045*5#
Getting Soft Token	*5045*6#
Apply for Financing	*5045*7#
Making Enquiries	*5045*9#

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

How to Activate Lotus Bank USSD Code

First-time users of the Lotus Bank transfer code have to register and activate it so that they can easily access the account from anywhere. Thankfully, activation is quite simple if you own the linked Lotus Bank account.

There are two activation methods available: account number and prepaid card. With the use of an account number, you will be granted full access to all your funds through the transfer code. Nevertheless, it is the prepaid card option that lets you limit the USSD spend to a particular card balance alone.

How to Activate Lotus Bank USSD Code Using Prepaid Card Option

Here is how to activate the Lotus Bank USSD code using the prepaid card option.

1. Obtain a prepaid card from Lotus Bank.

2. Dial the *5045# shortcode of the phone number tied to your Lotus Bank prepaid card.

3. Accept the terms and applicable charges.

4. Choose any of the given USSD banking services.

5. You will be asked to enroll and activate your account on the next page. Tap the prepaid card option.

6. Supply the numbers on your card as instructed to bind it. You can also be requested to enter the PIN on the card.

7. Assuming all of the above steps are followed correctly, your prepaid card should now begin its function with Lotus Bank USSD banking. 

How to Activate Lotus Bank USSD Code Using Account Number Option

If you are unable to use this prepaid card registration option or if it fails, follow the guidelines below to activate your Lotus Bank USSD transfer code using your NUBAN account number:

1. Dial *5045# using the phone number connected to your Lotus Bank account.

2. You’ll get a prompt letting you know that you will be charged N6.98 for USSD banking. Accept to continue.

3. Choose any of the various Lotus Bank USSD banking services.

4. On the resulting prompt, you would be expected to register to proceed with the USSD channel of banking. Just reply 1 to accept and continue.

5. The next page has options: “Account with PIN” and “Prepaid with PIN.” Since you’re trying to sign up with the help of your account number, click on “Account with PIN”.

6. Enter the 10-digit Lotus bank account number to continue.

7. Input the four-digit payment PIN you attached to your Lotus Bank account to authenticate your account and proceed with the transaction.

Note that these steps only work if you dial the code on the phone number connected to your Lotus bank account.

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

Lotus Bank USSD Code Usage

The USSD code is an easy way to bank. Dial the relevant code, followed by the required information.

For example, dial *5045# to check your balance and recharge airtime. You could transfer funds, pay bills, buy data, and a lot more.

Note to replace “Amount” and “Account Number” with real figures. The USSD code is secure, quick, and available at all times. No internet or apps are necessary!

How to Block Lotus Bank USSD Code 

The steps to block Lotus USSD code are as follows: 

1. Dial *5045#. This will bring up the Lotus Bank USSD menu.
2. Select “Settings” or “Support”.
3. Select “Block USSD” or “Deactivate USSD”.
4. This will engage you for approval to block the USSD code.
5. Enter your Lotus Bank PIN or password to authenticate the request.
6. You will receive a confirmation message stating that your USSD code is blocked.

Alternatively,

1. Call the Lotus Bank customer service on the following contact numbers: mobile app, email, or phone: 0700 56887 2265.
2. Tell them you wish to block the USSD code.
3. Provide the account details and PIN to validate it
4. Get approval that the USSD code is blocked.

Note that blocking the USSD code will subsequently block access to your Lotus Bank account via the USSD channel. You can unblock it only by contacting Lotus Bank support.

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

How to Unblock Lotus Bank USSD Code 

The steps for unblocking the Lotus Bank USSD code are stated thus:

1. Get across to the Lotus Bank customer support through:

•   Mobile app
•   Email
•   Phone – 0700 56887 2265

2. Request for the USSD code to be unblocked
3. Supply your account details and your pin
4. A confirmatory text is sent to you that the USSD code is open.

Note: Have your account details and PIN ready to verify your identity and authorize the unblocking process.

How to Upgrade My Lotus Bank Account Using USSD Code

You can upgrade your Lotus Bank account using the USSD code in the following steps:

1. Dial *5045# .
2. Select the “Account” or “Self-Service” option.
3. Choose “Account Upgrade” or “Tier Upgrade”.
4. Select the account tier you intend to upgrade to or select the upgrade option.
5. Enter the details required or requested, such as a PIN, password, or ID details.
6. Request an upgrade.
7. Get a confirmation message for an upgrade of your account.

How to Pay Back Lotus Bank Loan with USSD Code

To re-pay a Lotus Bank loan via the USSD code, perform the following steps:

1. To access the Lotus Bank USSD menu, dial *5045#.
2. Click on the option “Loans” or “Repayment”.
3. Click on the “Pay Loan” or “Repay Loan” button.
4. Type in the amount of the loan you wish to repay.
5. Confirm the details of the repayment.
6. Type your Lotus Bank PIN or password to validate.
7. You will receive a confirmation message indicating that your loan repayment has been successfully remitted.

Note:

1. Make sure there is enough amount in your account to service the pay.
2. The USSD code can still be used for a partial loan or even to clear the loan application.
3. In case you face any challenges or you’re stuck, you may wish to talk with the customer care of Lotus Bank.

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

How to Borrow Money From Lotus Bank With USSD Code

To borrow money from Lotus Bank using the USSD code, do the following:

1. Dial *5045# to access the Lotus Bank USSD menu.
2. Select the “Loans” or “Borrow” option.
3. Select the “Request Loan” or “Apply for Loan” option.
4. Enter the amount of the loan you would like to borrow.
5. Select a loan period or months over which you would like to repay the loan.
6. Review your loan request information.
7. At this point, you should receive the message “Please wait, send a request,” and then input your Lotus Bank PIN or password to confirm the transaction.
8. You will receive a message that your loan request has been successfully filed.

Note:

1. Ensure you are eligible for a loan by.
2. Possible interest rates and other fees.
3. Repayment terms and conditions are given when applying.
4. Get in touch with customer service at Lotus Bank for any problems arising or if you need assistance.

What are the Advantages of Lotus Bank USSD Code?

Some of the key benefits that the Lotus Bank USSD code confers on its customers include:

1. Convenience: The Lotus USSD allows you to bank at any time from wherever you are. Of course, this is independent of the internet or mobile data.

2. Speed: All it takes is just a few seconds, and your transactions via the USSD code are done with instant feedback. This aids in the proper administration of your cash.

3. Accessibility: The USSD code is always available at any time of the day and night, even in areas characterized by poor or no internet connectivity.

4. Security: Lotus USSD transactions are secure, with PIN and password authentication to ensure the safety of your accounts and private information.

5. Ease of use: The USSD code itself is easy to use, with a user-friendly menu and instructions that clarify all functionality for ease of banking by all.

Therefore, the advantages thus make the Lotus Bank code both reliable, efficient, and convenient to run one’s finances, more so in areas where digital banking channels are least accessed.

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

What are Lotus Bank USSD Code Security Measures?

For any bank’s USSD service, such as Lotus USSD, some stringent security measures have to be put in place to secure it. Here are some effective ones:

1. Encryption

All the data transferred through USSD should, therefore, be encrypted to avoid interception and unauthorized access. Strong encryption protocols like AES-256 can be put in place to secure communication between the user’s mobile and the servers at the bank.

2. Two-Factor Authentication (2FA)

You need to set up a two-factor authentication system, so that upon dialing the USSD code—for instance—an OTP via SMS or even just a simple push notification to the pre-registered mobile number will be needed to later complete any transaction.

3. Session Timeouts

Enforce session timeouts, wherein after a period of inactivity, users will automatically be logged out. Therefore, this will minimize the instances of unauthorized access in case a user forgets to log out or, worse still, leaves the phone somewhere.

4. Transaction Limit and Alerts

The introduction of daily transaction limits with instant alerting on every transaction should be implemented to detect and prevent unauthorized/suspicious activities in real-time.

5. Routine Security Audit and Update

Regularly perform security audits of the USSD system and update its software to identify and fix vulnerabilities. Conduct patching for known security issues and enhance resilience to new threats.

Common Issues and Solutions Lotus Bank USSD Code

Listed below are some of the frequent issues and their fixes associated with the Lotus Bank code:

1. The USSD code is not going through: Your phone signal may be too low; try again, or the USSD code service might be unavailable.

2. Incorrect PIN or password: Re-enter your correct PIN or password, or reset if you forgot.

3. Account not recognized: Check and try to re-input your account number or contact Lotus Bank support.

4. Transaction failed: Check your account balance and try again, or contact Lotus Bank support.

5. USSD code session timeout: Try again at the restart of the USSD code session or after some time.

6. Phone number not registered: Register the phone number from Lotus Bank or contact their customer support.

7. USSD code menu not displaying: Check for phone signals. Try again or update the phone software.

8. Exceeded transaction limit: Check on the Limits of Transactions. Try Again or contact Lotus Bank support.

Therefore, the above general problems and their solution can go a long way to troubleshooting and thus save you time when you are faced with problems running the Bank code. You can contact Lotus Bank over the issues if the problem persists.

Final Thoughts 

The Lotus Bank USSD codes make banking a whole lot easier than ever before. With only a few steps, you will be able to transfer money, request OTPs, and even buy some airtime right from the Lotus USSD transfer code.

So, be it called Lotus Bank code or simply USSD for Lotus Bank, features that make it easier to bank are undeniably clear.

Please do well to share your thoughts and opinions in the comment section. For more updates, follow us on Facebook @Silicon Africa, Instagram @Siliconafricatech, and Twitter: @siliconafritech.

Frequently Asked Questions 

Reference 

• getthejob.com.ng – List of Lotus Bank USSD Codes for Mobile Banking
• teezabtech.com – List of all Lotus Bank USSD Code 2024 – Lotus Bank Transfer Code

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