Parallex Bank USSD Code And Parallex Bank Transfer Code

Parallex Bank has built several useful functions into its USSD platform, including account opening, transfers, airtime and data recharge, bill payments, PIN changes and mini statements. The service is available by dialing *1242#.

Parallex Bank USSD Code

Dial *1242# to access the Parallex Bank USSD menu. The service can be used from different types of mobile phones and does not depend on mobile data.

Parallex Bank Transfer Code

For a direct transfer, the bank lists *1242*Amount*Account Number# as its USSD transfer string. The service supports both transfers to other banks and transfers between Parallex accounts. Follow the prompts after entering the required details.

How to Register for Parallex USSD

Existing retail customers can dial *1242# and select the registration option. The registration process requires the account number, debit card information and the card’s four-digit PIN before the customer creates a four-digit USSD transaction PIN.

Can You Open a Parallex Account With USSD?

Yes. A person who does not already have a Parallex account can begin the account-opening process through *1242*0#. The process uses the customer’s BVN and registered phone number and can result in the creation of a Tier 1 account when the requirements are satisfied.

Parallex USSD Airtime and Data

The platform supports both personal and third-party airtime purchases. For your own number, use *1242*Amount#. For another phone number, use *1242*Amount*Number#. Data recharge is also available through the USSD menu.

Other Services Available on *1242#

Parallex includes more than transfers and airtime in its USSD platform. Customers can access balance enquiry, mini statements, bill payments, card requests, card activation and PIN changes. The bank also provides an option for upgrading transaction limits.

How to Change Your Parallex USSD PIN

Dial *1242# and select the PIN-change option. Follow the prompts to authenticate the request and create a new transaction PIN. Keep the new PIN confidential.

Who Can Use Parallex USSD?

Parallex states that its USSD service is available to individual retail account holders whose phone numbers are enrolled for SMS alerts. Joint, corporate and multiple-signatory accounts are not eligible for the service.

Parallex USSD Without Internet

You do not need mobile data to use *1242#. The service operates through the mobile network, so it can also be accessed from a feature phone.

Frequently Asked Questions

What is the Parallex Bank USSD code?

The Parallex Bank USSD code is *1242#.

What is the Parallex Bank transfer code?

The direct USSD transfer format is *1242*Amount*Account Number#.

Can I open a Parallex Bank account with USSD?

Yes. Dial *1242*0# to begin the account-opening process.

Can I use Parallex USSD without internet?

Yes. The service works through a mobile network and can be used on a feature phone.

Can I change my USSD PIN?

Yes. PIN management is available through the *1242# USSD menu.