How to Transfer Money From Stanbic IBTC Bank

Last Updated on May 5, 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

 

Stanbic IBTC Bank’s mobile banking offers numerous benefits and convenient features that can enhance your banking experience. Here’s a breakdown:

Benefits

  • 24/7 Banking: Access and manage your accounts anytime, anywhere with an internet connection.
  • Convenience: Perform transactions from the comfort of your home or on the go. This saves you time and effort compared to visiting a branch.
  • Security: Mobile banking is protected by encryption and other security features to keep your transactions and data safe.
  • User-friendliness: The mobile app is designed to be intuitive and easy to navigate.
  • Control: You have greater control over your finances, with the ability to view statements, track spending, and set up alerts.

Features

  • Account Management:
    • Check your account balances in real-time
    • View detailed transaction histories for all accounts
  • Transfers:
    • Transfer funds between your own Stanbic IBTC accounts
    • Send money to other Stanbic IBTC accounts
    • Transfer to accounts in other Nigerian banks
  • Bill Payments:
    • Pay utility bills (electricity, water, etc.)
    • Renew your cable TV subscriptions (DSTV, GOTV, etc.)
    • Pay for airline tickets and other services
  • Airtime & Data:
    • Purchase airtime for yourself or others
    • Buy data bundles
  • Card Management:
    • Request a new debit or credit card
    • Block/unblock your ATM card
    • Set spending limits
  • Investments:
    • Invest in mutual funds and other investment instruments
  • Additional Features:
    • Open a new Stanbic IBTC account
    • Locate Stanbic IBTC branches and ATMs
    • Access Stanbic IBTC’s eNaira wallet
    • Contact customer support

 

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.

Q: What is the transaction limit for Stanbic IBTC?
A: Local POS (& Online) transaction Limit: Web-N500 000. POS – N1m.
Q: How do I increase my transfer limit on Stanbic bank?
A; You can increase your tranaction limit by:
  1. Log into the mobile banking App.
  2. Click on profile.
  3. Select manage transaction limit.
  4. Select the preferred limit.
  5. Select either PIN or Token.
  6. Enter your transaction PIN and submit.
Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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Ogbeide Frank loves writing and research about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies For Advertisement, Content marketing and sponsored post: contact : kokobest04@gmail.com
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