The Nigerian microfinance industry is becoming more competitive because customers want faster access to loans, savings, and transfers without always going to the bank. This is where USSD codes play a very big role. Just by dialing a short code on your phone, you can complete transactions offline without using the internet.
One of the microfinance banks in Nigeria that has adopted this solution is Lapo Microfinance Bank (Lapo MFB). With their USSD code, customers can apply for loans, check balance, buy airtime, and transfer money directly from their phones. In this article, we’ll guide you on how to register and start using Lapo USSD banking.
Learn More about Lapo Microfinance Bank
- Licensed by the Central Bank of Nigeria (CBN).
- Over 3 million customers nationwide.
- Present in almost all states across Nigeria.
- Core services: microloans, savings, transfers, agency banking, USSD banking, and mobile app banking.
What You Can Do With Lapo USSD Code (*371#)
- Apply for loans.
- Check your account balance.
- Transfer money to other banks.
- Buy airtime and data.
- Pay bills directly from your account.
How to Register for Lapo USSD Banking
Before you can start using the code, you must register your phone number that is linked to your Lapo account. Here’s the step-by-step guide:
- Step 1: Dial *371# on your mobile phone.
- Step 2: From the menu, select Register.
- Step 3: Enter your Lapo account number (must already exist; random entries will fail).
- Step 4: Set a 4-digit transaction PIN for security.
- Step 5: Confirm registration and wait for a success message (both on-screen and via SMS).
Once done, the USSD menu will be fully available for you to use.
How to Use Lapo USSD for Transactions
1. Check Balance
- Dial *371#
- Select Balance
- Enter your PIN
Your account balance will be displayed on screen
2. Transfer Money
- Dial *371#
- Select “Transfers”
- Enter the recipient’s account number
- Choose the bank (if not Lapo)
- Input the transfer amount
- Confirm with your PIN
You’ll receive a confirmation instantly
3. Buy Airtime & Data
- Dial *371#
- Select Airtime/Data
- Enter the mobile number to recharge
- Enter the amount
- Confirm with your PIN
Transaction successful notification will follow
4. Apply for Loan
- Dial *371#
- Select Loans
- Follow the prompt to input required details
- Accept the loan terms
Wait for SMS confirmation once approved
Common Lapo USSD Issues and Fixes
Banking services unavailable → Wait and retry later (common during network downtime).
Wrong PIN → Reset your PIN via the mobile app or visit a nearby branch.
Account not found → Make sure you already have an account with Lapo before registering.
Invalid code → Always dial *371# exactly as written.
FAQ
Q1: What is the Lapo USSD code?
The official Lapo USSD code is *371#.
Q2: Can I open a new account with USSD?
No, you must first open an account at a Lapo branch or via the mobile app before using the USSD.
Q3: Does Lapo USSD require internet?
No, USSD banking works completely offline.
Q4: Is it safe to use?
Yes, it is safe as long as you keep your PIN private.
Conclusion
Registering and using Lapo USSD banking is simple and fast. Just dial *371#, register your account, set a PIN, and you’ll have access to loans, transfers, airtime, and balance checking anytime without internet.
If you’re a Lapo customer, try it today and enjoy stress-free banking right from your mobile phone.
