How to transfer money From Stanbic IBTC Bank

Stanbic IBTC Bank provides a reliable and convenient money transfer service that allows customers to easily send and receive funds. Transferring money is a fundamental aspect of managing your finances, whether it’s for paying bills, sending money to loved ones, or making investments. Stanbic IBTC Bank offers a range of convenient options to send money

With a network of over 180 branches and numerous ATMs across Nigeria, customers can access their money easily and ensure that their transactions are processed quickly and efficiently. The bank also offers online and mobile banking services, making it even more convenient for customers to manage their finances and transfer money whenever they need to.

In this guide, we will walk you through the various methods available for transferring funds from your Stanbic IBTC account.

Pay Attention: How to check Stanbic IBTC Bank account balance

Table of Contents

Benefits:

Transfer money anytime, anywhere, through various channels.
Enjoy fast and efficient transfers, especially within Stanbic IBTC and with FlexBorder.
Multi-factor authentication, encryption, and other security measures to protect your transactions.
Choose from various transfer options based on your needs and preferences.
Transfer money domestically and internationally.
The mobile app and internet banking platform offer intuitive interfaces for easy navigation.
Competitive transfer fees, particularly for transfers within Stanbic IBTC.
FlexBorder offers a dedicated solution for cross-border transfers with multi-currency support.

Features:

Schedule Transfers: Set up future-dated or recurring transfers for added convenience.
Beneficiary Management: Create and manage a list of frequent recipients for quick and easy transfers.
Transaction History: Track your transfer history and view details of past transactions.
Real-time Notifications: Receive instant SMS or in-app notifications for successful transfers.
Bulk Payments: Businesses can initiate multiple payments at once, streamlining their payment processes.

How to register for Stanbic IBTC Bank ussd

To register for Stanbic IBTC Bank USSD banking, you can follow these steps:

Dial *909*11*1# Use the phone number registered with your Stanbic IBTC bank account
You will be prompted to enter the last six digits of your debit card and your date of birth.
If you are a new user, create a 4-digit PIN. If you are an existing user, you can change your PIN.
After completing these steps, you will be registered for Stanbic IBTC USSD banking and can access various services like:
- Checking your account balance
- Transferring funds to other Stanbic IBTC accounts or other banks
- Buying airtime and data
- Paying bills
- And more

Read; How to register for Stanbic Ibtc Bank Internet and Mobile App

How to transfer money Using Stanbic IBTC bank

Stanbic IBTC Bank offers several ways to transfer money, both domestically and internationally:

1. Stanbic IBTC Mobile App:

This is the most convenient option for transfers on-the-go.
Steps:
- Open the Stanbic IBTC Mobile App and log in using your credentials.
- Navigate to the “Transfers” or “Send Money” section.
- Choose the transfer type (Stanbic IBTC to Stanbic IBTC, Other Banks, International Transfers).
- Provide recipient details (account name, account number, bank name if applicable).
- Enter the transfer amount and any additional details.
- Confirm the details and authenticate the transaction using your PIN or biometrics.

2. Internet Banking:

Suitable for transfers from your computer or laptop.
Steps:
- Visit the Stanbic IBTC Internet Banking website and log in to your account.
- Tap on Transfers” or “Send Money” section.
- Follow similar steps as in the app to select the transfer type, enter recipient details, and the amount.
- Authenticate the transaction using your hardware token or other security measures.

*3. USSD Code (909#):

Useful for quick transfers without needing internet access.
Steps:
- Dial *909# from your registered Stanbic IBTC mobile number.
- Follow the prompts to select the transfer option.
- Choose the transfer type (Stanbic IBTC to Stanbic IBTC or to other banks).
- Provide the recipient’s account number and bank code (if transferring to another bank).
- Enter the amount and confirm with your PIN.

4. ATM Transfers:

Visit a Stanbic IBTC ATM.
Steps:
- Insert your card and enter your PIN.
- Select “Transfers” or “Quickteller” from the menu.
- Follow the on-screen instructions to enter the recipient’s details and the transfer amount.

5. In-Branch Transfers:

Visit any Stanbic IBTC branch.
Steps:
- Fill out a transfer form with the recipient’s details and the transfer amount.
- Submit the form along with a valid ID.
- The bank staff will process your transfer.

How to buy Airtime from Stanbic IBTC Bank

Stanbic IBTC Bank offers several ways to buy airtime:

*1. Using the USSD Code (909#):

This method is the quickest and most accessible, especially if you don’t have internet access.

*Dial *909# from your registered Stanbic IBTC mobile number.
Select “Airtime Top-up from the menu options .
Choose “Self” or “Others” depending on whether you’re buying airtime for yourself or someone else.
Enter the phone number you want to recharge.
Enter the amount of airtime you wish to purchase.
Confirm the details and enter your 4-digit PIN to authorize the transaction.
The airtime will be credited instantly to the specified number, and you’ll receive a confirmation message.

2. Stanbic IBTC Mobile App:

This option is convenient if you have the app installed on your smartphone.

Open the Stanbic IBTC Mobile App and log in using your credentials.
Look for the “Airtime & Data” or similar option, usually on the home screen or within the “Payments” or “Services” section.
Choose the network provider (MTN, Airtel, Glo, 9mobile), enter the phone number you want to recharge, and select the desired airtime amount.
Review the details and confirm the purchase. You may need to enter your transaction PIN or use biometric authentication to authorize the transaction.

3. Internet Banking:

This method is useful if you prefer using a computer.

Access Stanbic IBTC’s internet banking platform using your login credent
Look for the “Airtime Purchase” or “Buy Airtime” option, usually under the “Payments & Transfers” or similar section.
Choose the network provider, enter the phone number, and select the airtime amount.
Review the details and authorize the transaction using your online banking password or hardware token.

Read: Guide on How to transfer money from keystone Bank

Stanbic IBTC Bank cardless withdrawal

Stanbic IBTC Bank offers cardless withdrawal through its Paycode service, allowing you to withdraw cash from ATMs without your debit card

There are two ways to initiate a cardless withdrawal:

1. Using the Stanbic IBTC Mobile App:

Log into the mobile app.
Select “Withdraw Money” and choose “ATM” as the withdrawal channel.
Enter the amount to withdraw and a 4-digit PIN to authorize the transaction.
Your @ease wallet will be debited, and you will receive an 8 to 12-digit Paycode via SMS.

2. Using USSD (909#):

Dial *909# on your registered mobile number
Select “My Bank,” then “Withdraw Money,” and finally “ATM.”
Enter the amount you want to withdraw and a 4-digit PIN.
You will receive a Paycode via SMS.

To withdraw cash at the ATM:

Press any side button on a Paycode-enabled ATM to initiate a cardless transaction
Enter the received Paycode.
Enter your mobile number.
Enter the amount you specified earlier.
Collect your cash and transaction receipt..

How to pay bills from stanbic ibtc bank

Stanbic IBTC Bank offers several ways to pay your bills conveniently:

1. Using the Stanbic IBTC Mobile App

This is the most convenient way if you have the app on your smartphone:

Open the Stanbic IBTC Mobile App and log in using your credentials.
Look for the “Payments” or “Pay Bills” section, usually prominently displayed on the home screen or in the main menu.
Choose the category of the bill you want to pay (e.g., Electricity, Cable TV, Internet).
Select the specific biller from the list. Enter the required details such as your account/customer ID and the amount you want to pay.
Review the details and confirm the payment. You may need to enter your transaction PIN or use biometric authentication to authorize the payment.

*2. Using the USSD Code (909#)

This method is handy when you don’t have internet access.

*Dial 909# from your registered Stanbic IBTC mobile number.
Select “Payments” from the menu.
Choose the bill category (e.g., Electricity, Cable TV).
Select the biller and enter the required details (account/customer ID, amount).
Enter your 4-digit PIN to authorize the payment.

3. Using Stanbic IBTC Internet Banking

If you prefer using a computer, you can pay bills via internet banking.

Access Stanbic IBTC’s internet banking platform using your login credentials
Look for the “Bill Payment” option.
Choose the biller, enter the required details (account/customer ID, amount)
Review the details and authorize the transaction using your hardware token or other security measures

How to block Stanbic ibtc account

There are several ways to block your Stanbic IBTC account in Nigeria:

*1. Using the USSD Code (909#):

This is the fastest and most accessible method, as you can do it directly from your phone even without internet access.

Dial *909*911# from any mobile number.
You’ll be presented with options to block your account or card.
Choose this option to block your entire account.
You’ll likely need to confirm your choice and may be asked to provide some account details for verification.

2. Using the Stanbic IBTC Mobile App:

If you have the Stanbic IBTC Mobile app installed on your phone:

Open the app and log in with your credentials.
Go to the “Services” or “Self-Service” section within the app.
Choose the relevant option based on whether you want to block your entire account or just the card linked to it.
Provide the necessary details and confirm the block.

3. Calling Customer Service:

Call the Stanbic IBTC customer service hotline: The number is 0700 909 909 909 or 01 270 4282
Tell them you want to block your account due to security concerns.
Be ready to provide information to verify your identity.

4. Visiting a Branch:

Go to the nearest branch with a valid ID card.
Inform a customer service representative that you want to block your account.
They will assist you with the process and ask for identification.

Frequently Asked Questions

1. What are the different ways to transfer money from Stanbic IBTC Bank?

You can transfer money through:

Stanbic IBTC Mobile App
Internet Banking
*USSD Code (909#)
ATM transfers
In-branch transfers

2. Can I transfer money to other banks in Nigeria from Stanbic IBTC?

Yes, you can transfer money to other banks in Nigeria using NIP (Nigeria Inter-Bank Settlement System) transfers via the app, internet banking, or USSD code.

3. Can I send money internationally from Stanbic IBTC?

Yes, you can make international transfers through Internet Banking or the “FlexBorder” feature on the Mobile App.

4. How long does it take for a transfer to reflect in the recipient’s account?

Transfers within Stanbic IBTC are usually instant.
Transfers to other banks (NIP transfers) typically take a few minutes to a few hours.
International transfers may take a few business days.
FlexBorder transfers are typically processed within 24 hours

5. Are there any fees or charges for Stanbic IBTC money transfers?

Yes, fees may apply depending on the transfer type, amount, and destination. Check with Stanbic IBTC for specific fees.

6. Can I schedule future or recurring transfers?

Yes, you can schedule transfers through the app or internet banking.

7 . What should I do if my transfer is delayed or unsuccessful?

Contact Stanbic IBTC customer care immediately, providing transaction details for assistance.

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Meet Ogbeide Frank, also known as Perere, a blogger passionate about writing on finance and technology. He studied Business Administration at Ambrose Alli University in Ekpoma and Mobile Communication at Orange College in Malaysia. Frank has experience working as a banker and consultant for various agencies in Nigeria.