How to Transfer Money From Stanbic IBTC Bank

Last Updated on July 1, 2024 by admin

Stanbic IBTC Bank is a leading financial institution in Nigeria, known for its innovative banking solutions and commitment to customer service. Established in 1989, the bank has grown to become a trusted name in the Nigerian banking sector.

Stanbic IBTC Bank offers a wide range of financial products and services to meet the diverse needs of its customers. From savings and current accounts to loans, investments, and insurance, the bank provides comprehensive banking solutions for individuals and businesses alike.

Stanbic IBTC Bank offers a variety of convenient options for transferring funds, both locally and internationally.

In this article, we will explore the different transfer methods available through Stanbic IBTC Bank, including online and mobile banking procedures, as well as in-person transactions. By familiarizing yourself with these transfer options and instructions, you can efficiently manage your finances and make secure transactions through Stanbic IBTC Bank.

Benefits and features of Stanbic IBTC Bank

How to transfer money from Stanbic IBTC Bank

Here’s how you can send money using the Stanbic IBTC Bank Transfer Code (*909#):

1. Transfer money using Stanbic IbtcUSSD Code

1.  Dial *909*11*Amount*Account Number# for transferring to other Stanbic IBTC account from your registered phone number.
2. Select “Transfer:” Choose the ‘Transfer’ option from the menu (usually by typing the corresponding number and pressing ‘Send’).
3. Select Stanbic IBTC Account: Select the option to transfer to a Stanbic IBTC account.
4. Account Number: Enter the recipient’s 10-digit Stanbic IBTC account number.
5. Amount: Type the amount you want to transfer.
6. Confirm with your PIN: Enter your Stanbic IBTC USSD PIN to authorize the transaction.

Transferring Funds to Other Banks in Nigeria

1. *Dial *909*22*Amount*Account Number#
2. Select “Transfer:” Choose the ‘Transfer’ option from the menu.
3. Select “Other Banks:” Select the option to transfer to a different Nigerian bank.
4. Choose Recipient Bank: Select the recipient’s bank from the list of available banks.
5. Account Number: Enter the recipient’s 10-digit account number.
6. Amount: Type the amount you want to transfer.
7. Confirm with your PIN: Enter your Stanbic IBTC USSD PIN to authorize the transaction.

2. Transfer money using Stanbic IBTC Mobile App:

This method offers a user-friendly interface for transfers on your smartphone or tablet.

• Suitable for: Transfers within Stanbic IBTC and to other banks in Nigeria.
• Steps:
  • Download and launch the Stanbic IBTC mobile app.
  • Log in using your credentials.
  • Navigate to the “Transfers” section.
  • Choose the transfer type (Stanbic IBTC to Stanbic IBTC or Other Banks).
  • Enter the recipient’s details (account number based on transfer type).
  • Input the transfer amount and description (optional).
  • Review and confirm the transfer details.
  • Authorize with your mobile app PIN or security code.

3.Transfer money using Stanbic IBTC Online Banking:

This method allows transfers from your computer through a web browser.

• Suitable for: Transfers within Stanbic IBTC and to other banks in Nigeria.
• Steps:
  • Log in to Stanbic IBTC’s online banking platform.
  • Locate the “Transfers” section.
  • Choose the transfer type (Stanbic IBTC to Stanbic IBTC or Other Banks).
  • Provide the recipient’s information (account number based on transfer type).
  • Enter the transfer amount and description (optional).
  • Review and confirm the transfer details.
  • Use SecureID or another security token (if required) to authorize.

Frequently Asked Questions About Transferring Money From Stanbic Ibtc Bank

Q: How can I transfer money from my Stanbic IBTC bank account to another bank?

A: To transfer funds, you can use the Stanbic IBTC mobile banking app or visit any Stanbic IBTC branch to initiate a transfer.

Q: What information do I need to provide for the transfer?

A: You will need to provide the recipient’s bank account number, the name of their bank, and their bank’s sort code.

Q: Are there any charges for transferring money?

A: Yes, fees may apply depending on the type of transfer and the amount being sent.