How to Transfer Money Using Accion Microfinance USSD Code (2025)

The microfinance sector in Nigeria has become a lifeline for millions of Nigerians who want quick, secure, and convenient banking without visiting traditional banks.

Accion Microfinance Bank (MFB) has been one of the top players in this industry, providing innovative solutions for small businesses, traders, and low-income earners.

In 2025, the bank continues to improve its digital services, ensuring that customers can transfer funds easily using either the AccionMonie app or the USSD code, even in areas with limited internet connectivity.

If you want a stress-free way to move money instantly, this article will guide you through the Accion USSD transfer process step by step. We’ll also cover common issues, fixes, and frequently asked questions.

Learn More About Accion Microfinance Bank

Accion Microfinance Bank Limited has been operating in Nigeria since 2007 after being licensed by the Central Bank in 2007. With over 74 branches across 12 states, Accion has steadily expanded its reach, focusing on financial inclusion for SMEs and low-income earners.

In 2025, the bank strengthened its digital platform with AccionMonie, a mobile app that allows users to transfer money, pay bills, save funds, and access loans instantly. This app, combined with the USSD service, ensures that even users without mobile data can perform major banking operations.

Some of Accion’s recent milestones reflect its commitment to serving Nigerians better:

• ₦5 Billion Commercial Paper Programme (August 2025): Supporting MSMEs and enhancing liquidity for small businesses.
• Strong FY 2024 Financial Results: Accion posted ₦7.65 billion in gross earnings and ₦800 million PBT, showing consistent growth in assets and transactions.
• New Branch Opening in Ilorin (June 2025): Expanding access for local users and improving service delivery.
• Top 10 MFB for Business Loans (September 2025): Recognized for fast approvals and low-interest loans for SMEs.

With these initiatives, Accion MFB ensures that transferring money is fast, safe, and reliable for all its clients.

What Accion MFB Offers for Transfers

Accion supports both individuals and businesses, making it easy to send or receive funds across Nigeria. Key services include:

• Transfers to Accion Accounts: Send money to any registered Accion account instantly.
• Transfers to Other Banks: Move money to accounts in different Nigerian banks with minimal charges.
• Digital Banking via AccionMonie App: Transfer funds from your phone anytime, anywhere.
• USSD Banking (*572#): For users without internet, the USSD service allows quick money transfers directly from your mobile phone.

The USSD code works hand-in-hand with the app, providing offline access for users who prefer a simpler, data-free experience.

Step-by-Step: How to Transfer Money Using Accion USSD

Here’s how to transfer money easily via USSD, whether you’re an existing user or a first-time user:

For Registered Users (Already Have an Account)

1. Dial *572# from your phone number linked to your Accion account.
2. From the main menu, select 1 = Transfers.
3. Choose whether you want to transfer to another Accion account or a different Nigerian bank.
4. Enter the recipient’s account number and confirm the bank if it’s an external transfer.
5. Enter the amount you wish to send.
6. Check and confirm all details, including fees, interest (if any), and rules for external transfers.
7. Enter your USSD PIN to authorize the transaction.
8. Wait for on-screen confirmation and SMS notification confirming the successful transfer.

For First-Time Users (New to USSD)

1. Dial *572#.
2. Choose 1 = Register when prompted.
3. Enter your existing Accion account number from the app or branch (random numbers will not work).
4. Set your USSD PIN and confirm it twice.
5. After successful registration, a confirmation will appear on-screen and via SMS.
6. You can now access the full menu, including Transfers, Loans, Airtime, and Balance.

Common Issues & Fixes

Even though Accion USSD banking is reliable, you might encounter occasional problems:

• Banking Services Unavailable: May occur during maintenance or network downtime. Wait a few minutes and retry.
• Incorrect PIN: Inputting the wrong PIN repeatedly will block transactions. Reset your PIN through the app or branch if needed.
• Account Not Found: USSD requires a valid Accion account from the app or branch. Random numbers or unregistered accounts will fail.
• Invalid Code: Make sure you are dialing *572# correctly, as other codes may lead to errors or no response.

By following these instructions, your money transfers will be smooth, secure, and fast.

Frequently Asked Questions (FAQs)

• What is the USSD code for transferring money at Accion MFB?
  The code is *572#. Follow the prompts to select Transfers, enter recipient details, and your PIN.
• Can I transfer money without internet?
  Yes. USSD works on basic feature phones without mobile data.
• Is it safe to transfer funds via USSD?
  Yes. Transactions require your PIN, and Accion’s secure banking protocols protect your money.
• Do I need an account before using USSD transfers?
  Yes. You must have a valid Accion account through the app or branch. USSD alone cannot create new accounts.
• What should I do if my transfer fails?
  Check the account number, recipient bank, and your PIN. Retry after a few minutes. Persistent issues can be resolved via the app or branch.

Conclusion

Accion Microfinance Bank continues to empower Nigerians with fast, reliable, and secure money transfers through its *572# USSD code. Whether sending money to friends, family, or business partners, the USSD service ensures convenience without the need for internet access.

With the support of AccionMonie app and USSD banking, every user can enjoy seamless financial transactions, stay on top of their accounts, and manage funds safely and quickly. For registered Accion customers, transferring money has never been simpler.