There’s been a lot of talk online about loans and microfinance apps in Nigeria. You’ll see some people praising them, while others just come online to bash them without facts.
The truth is, many people who understand how money moves and how to run a business the right way are doing well today because of loan support from microfinance banks.
But those who don’t understand how the system works, the ones that skip payment or misuse loans are mostly the ones shouting online with fake reviews on TikTok and YouTube.
Some of these so-called “content creators” only post those videos because they want to eat from the views, not because they know how these loan systems truly work.
The best thing to do before applying for any loan is to go through a legit and well-researched website like TechManly, where we break down verified details about different microfinance banks, their apps, and user experience—not just hearsay.
Many of these apps are good; the only time they become tough is when people refuse to pay back after the grace period. That’s why you need to understand the bank or loan app before applying.
You can also check our past guides on the Lapo Microfinance Loan, the Renmoney App Loan, and the AidaCredit App Loan to learn how to apply safely.
In this guide, we’ll focus on FairMoney Microfinance Bank, how to check your account balance, how the FairMoney app works, and other useful details that every user should know.
Learn More About FairMoney Microfinance Bank
FairMoney Microfinance Bank started as one of the earliest online loan apps in Nigeria and has now grown into a full digital bank licensed by the Central Bank of Nigeria (CBN).
They began mainly as a fast-loan app but later expanded into full digital banking, where users can now save, send money, buy airtime, and pay bills, all within the FairMoney app.
Their main goal is to make banking easier for Nigerians without forcing people to visit physical branches. As of 2025, FairMoney has become one of the most downloaded microfinance apps in Nigeria, with over 10 million downloads on the Google Play Store.
What FairMoney Microfinance Bank Offers
• Instant Bank Transfers—Send and receive money instantly to and from any Nigerian bank.
• Loans – Access fast personal or business loans within minutes, no collateral.
• Savings Accounts – Save money easily and earn interest.
• Bill Payments – Pay electricity, internet, TV, and other bills instantly.
• Airtime & Data – Buy airtime and mobile data for any network.
• Debit Card (FairMoney Card)—Get a physical or virtual card to spend directly.
• FairSave Feature—A flexible saving plan that gives users higher interest returns.
• FairMoney Mobile App – Full control over your account, loan, savings, and transactions.
How to Check FairMoney Account Balance
FairMoney currently provides two main methods to check your balance—via mobile app and USSD.
1. Using the FairMoney App
- Open the FairMoney app (download from the Play Store or App Store if you don’t have it).
- Log in with your phone number and 4-digit PIN.
- Your account balance will appear right on the home screen.
- You can tap “Account” to view detailed transactions and savings balances.
2. Using USSD Code
FairMoney’s official USSD code is *566*15#.
This lets you check your balance, send money, and even apply for a quick loan without using the internet.
To check your FairMoney balance via USSD:
- Dial *566*15# on your registered phone number.
- Choose Check Balance from the menu.
- Enter your FairMoney PIN to confirm.
- Your current account balance will display on your screen.
Troubleshooting (Quick Fixes)
• “Banking services temporarily ”unavailable”—usually network downtime; wait 5–20 minutes and retry.
• “Invalid code or no response”—ensure you’re dialing the correct code, *566*15#.
• “Incorrect PIN”—if you’ve forgotten your PIN, reset it in the app or contact FairMoney support.
• App not opening or freezing—clear app cache or reinstall the app; if issue persists, wait for update.
• Account not found (via USSD)—make sure your number is the one linked to your FairMoney account.
Frequently Asked Questions (FAQs)
1. What is the FairMoney USSD code?
The official USSD code for FairMoney Microfinance Bank is *566*15#. You can use it to send money, buy airtime, and check your balance.
2. Can I open a FairMoney account through USSD?
No. You can only open a new account through the FairMoney mobile app. The USSD option is for already registered users.
3. Is FairMoney a licensed bank?
Yes. FairMoney Microfinance Bank is licensed by the Central Bank of Nigeria (CBN), and deposits are insured by the NDIC.
4. Can I check my balance without internet?
Yes. You can check your FairMoney balance offline using the USSD code *566*15# on your registered phone number.
5. What should I do if my FairMoney app is not showing my balance?
Make sure you’re logged in with the right number. If it still doesn’t show, close and reopen the app or check your internet connection.
Conclusion
FairMoney Microfinance Bank has made digital banking easier for millions of Nigerians. From giving fast loans to enabling transfers and savings, the app continues to grow stronger every year.
If you’re already a FairMoney user, checking your balance is simple—either through the mobile app or using the USSD code (*566*15#).
And if you’re new to FairMoney, you can download the app, register, and enjoy one of the fastest and most reliable digital banking experiences in Nigeria today.
