Making a successful transaction is essential to everyone, and especially SMEs that are used to making transactions almost every hour of their working period. That’s why the need for a stable and actively functioning system is required.
We all know that internet banking is a good improvement to the banking world as of 2025, and despite that, the traditional method cannot be put to an end because it’s usually seen as the fastest and easiest method of making transactions every minute anytime you wish. With USSD banking, you can now send money, pay bills, and access loans directly from your phone without internet.
One of the major players is Lapo Microfinance Bank (MFB), who happens to be one of the top leaders in this space, especially among microfinance banks. This bank was established in 1987 and licensed by the Central Bank of Nigeria. As of recent updates we gathered, Lapo has supported millions of Nigerians with loans, savings, and daily financial services.
As of today, they’re serving over 3 million customers across the country with both physical branches and digital banking options across the country.
Even though they have this high number of users, and we all know most people will be using the mobile Android and Apple Store applications, one of the fastest ways to send money from your Lapo account is through their official USSD code.
With this code, you don’t need a smartphone or mobile data; all you need is just your registered phone number and PIN to make a successful transaction in less than 5 minutes.
Lapo Microfinance Bank Services at a Glance
This microfinance bank has benefited both salary earners and SMEs across the country, and before going into the transfer process, here are some of the services Lapo MFB provides:
Loans: Lapo provides personal and business loans to support traders and small businesses.
Savings Accounts: As a new user, you can create easy-to-open accounts with flexible saving plans.
Money Transfers: As an already registered user, you can send and receive money instantly within Nigeria and to other countries.
Bill Payments: Just like all the other top microfinance banks, you can pay electricity, water, and other utility bills using Lapo easily.
Airtime & Data Recharge: It provides one of the fastest ways to top up your line anytime with USSD and even the mobile application.
USSD Banking (*371#): You can have access to all services offline.
Mobile App & Agency Banking: Manage your money from the app or through Lapo agents nationwide.
Step-by-Step Guide: How to Transfer Money Using Lapo USSD Code
If you have a Lapo account and your phone number is linked, you can transfer money quickly by following these steps:
- Step 1: Dial *371# on your registered mobile number.
- Step 2: From the main menu, select Transfers.
- Step 3: Choose the type of transfer: Lapo to Lapo account or Lapo to another bank.
- Step 4: Enter the recipient’s account number.
- Step 5: Enter the amount you want to send.
- Step 6: Confirm the details and enter your USSD PIN.
- Step 7: Wait for the confirmation message (both on screen and via SMS).
That’s it! Your money will be sent instantly.
Common Lapo USSD Issues & Quick Fixes
1. Banking services unavailable:
If your screen is showing some error code or unrelated numbers, this happens during system downtime or on weekends. Just wait a few minutes and try again to gain access to the LAPO USSD platform.
2. Invalid PIN:
Before making a transaction, check your transaction PIN very well. If you enter the wrong PIN too many times, you’ll be locked out, and you will only be able to reset via the Lapo mobile app or at a branch, which can cost you extra stress and transport expenses.
3. Invalid code/no response:
A lot of other microfinance banks use almost the same type of codes, so make sure you are dialing the correct USSD code (*371#) and from the phone number linked to your account.
4. Account not registered:
If you haven’t linked your phone number with Lapo MFB, visit the nearest branch to activate USSD banking.
Frequently Asked Questions (FAQs)
Q1: What is the USSD code for Lapo Microfinance Bank?
The official USSD code is *371#. Dial it from your registered phone line to access transfers, loans, airtime, and more.
Q2: Can I transfer money without internet using Lapo?
Yes. The USSD service works completely offline, which makes it reliable even when you don’t have data or smartphone access.
Q3: Is Lapo USSD transfer safe?
Yes. All transfers require your secret USSD PIN. Keep it safe and don’t share it with anyone.
Q4: What should I do if my transfer fails?
Check your balance, confirm recipient details, and retry after a few minutes. If the issue continues, visit the nearest Lapo branch for help.
Conclusion
Transferring money with Lapo Microfinance Bank is simple, fast, and reliable. By dialing *371#, you can send money to Lapo accounts or any other Nigerian bank without stress.
With this USSD banking, you don’t need internet, and you remain in full control of your money anywhere you go.
Try it today and enjoy easy banking with Lapo!
