Microfinance banks in Nigeria are filling the gap that commercial banks left wide open, especially for small businesses, traders, and individuals who want fast banking without stress.
AB Microfinance Bank (AB-MFB) is one of the leading players in this space. Licensed by the Central Bank of Nigeria since 2008, AB-MFB has grown across Lagos, Oyo, Ogun, Ondo, Anambra, and Abia states.
They are majority-owned by Access Microfinance Holding AG (Germany), KfW (German Development Bank), IFC (World Bank Group), and other global investors. With over ₦2.1 billion in share capital and insured under NDIC, AB is considered one of the safest microfinance banks for savings and loans in Nigeria.
Aside from loans and fixed deposits (up to 25% interest), AB now runs digital banking through myABflex app and a USSD code for offline access. For people who don’t always have internet or prefer to use small phones, the USSD is the fastest way to send money.
Official AB Microfinance USSD Code
- Dial: *389*755#
- Works only with the phone number linked to your AB account.
- Requires prior activation (if new, you must first register with your account number + set USSD PIN).
Step-by-Step: Transfer Money with AB USSD Code
For Registered Users:
- Dial *389*755# from your registered phone number.
- On the main menu, select Transfers.
- Choose destination:
- AB to AB (intra-bank transfer), or
- Other Banks (inter-bank transfer).
- Enter the recipient’s account number.
- Enter the transfer amount.
- Confirm recipient details on-screen.
- Enter your USSD PIN to authorize.
- Wait for confirmation (screen + SMS).
For First-Time Users (Not Yet Activated)
If you’ve never used the USSD before:
- Dial *389*755#.
- Select 1 = Activate Account.
- Enter your AB account number (you’ll see “Welcome to myABmobile – enter account number”).
- Create your USSD PIN (4 digits, confirm twice).
- Wait for SMS confirmation.
- After activation, repeat the transfer steps above.
Common Issues When Transferring Money with AB USSD
1. Invalid Code / No Response: If you’re seeing a blank white screen or some wrong number, or another platform menu list, that’s you’ve input the wrong code, so go back to your phone app and make sure you dial *389*755# exactly. If it still fails, network may be down.
2. Banking Services Unavailable: This is a very common issue among both microfinance banks and local banks, it usually happens during downtime, mostly when they are during an upgrade, fixing an hacking issues and mostly on weekends or late hours. Just wait and retry later after some minutes or few hours.
3. Wrong PIN: This error screen usually occur when you input an incorrect pin for transactions authorization and other tasks, You won’t be able to proceed with any operation without a correct pin, the solution is to reset your USSD PIN via myABflex app or branch if forgotten.
4. Activation Fails Repeatedly: Some accounts require branch confirmation before it can be fully functional. Visit your nearest AB branch to complete the activation process.
Why People Prefer AB Microfinance Transfers
• No Internet Needed: Provision of USSD Code aceess makes it to work even on small phones.
• Zero Transfer Fees (via myABflex app): USSD is fast, app is cheaper when online.
• Secure: The app and USSD platforms are PIN-protected, NDIC-insured bank.
• Instant Confirmation: Both sender and receiver get alerts within seconds.
FAQ
Q: Can I transfer money to other banks with AB USSD?
Yes. Select “Other Banks” when prompted, and you can send money to any Nigerian bank.
Q: Do I need BVN to use USSD?
Yes, your BVN-linked phone number must be tied to your AB account before USSD works.
Q: How much can I transfer with USSD?
Limits depend on your account type and CBN guidelines (often ₦20,000 per transaction, ₦100,000 daily cap).
Q: Is USSD safer than the app?
Both are safe. The app is cheaper (zero transfer fees), but USSD works better when there’s no internet.
Conclusion
With AB Microfinance Bank’s USSD code, transferring money has become simple, fast, and reliable.
Whether you’re a trader in Lagos, a student in Anambra, or a small business owner in Ogun, you don’t need internet to move money, just dial *389*755#, follow the steps, and confirm with your PIN.
AB continues to back up its services with international investors, NDIC insurance, and award-winning CSR projects. Between the myABflex app (for zero-fee transfers) and USSD (for offline speed), AB Microfinance gives you both worlds at your fingertips.
