Wema Bank & Parrelex Bank USSD Transfer Codes 2026: Complete Comparison Guide

Wema Bank & Parrelex Bank USSD Transfer Codes 2026.2026. Learn how to transfer money, buy airtime, data bundles & pay bills easily using *945# and *7799# transaction codes.

Wema Bank & Parrelex Bank USSD Transfer Codes 2026: Complete Comparison

Are you still confused about the difference between Wema Bank and Parrelex Bank? Looking for their USSD codes for transfers, airtime, and data purchases?

In this guide, we would provide full comparison for both banks as we list all the codes you need for quick mobile banking in 2026.

Wema Bank and Parrelex Bank- Overview

Wema Bank is one of Nigeria’s oldest banks, established in 1945. It operates traditional banking services with physical branches across Nigeria.

Parrelex Bank (formerly known as Parralex Microfinance Bank) is a separate microfinance bank that provides financial services to individuals and small businesses. Though both are legitimate banks, they operate independently with different USSD codes and services.

Wema Bank USSD Code: *945#

Wema Bank’s official transfer code is *945#. This code gives you access to all Wema Bank mobile banking services.

Parrelex Bank USSD Code: *7799#

Parrelex Bank uses the USSD code *7799# for its mobile banking operations.

Complete USSD Codes Comparison

Money Transfer Codes

Service	Wema Bank	Parrelex Bank
Main USSD Code	*945#	*7799#
Quick Transfer	*945*Amount*AccountNumber#	*7799*Amount*AccountNumber#
Transfer to Own Account	Dial *945# → Select Transfer	Dial *7799# → Select Transfer
Transfer to Other Banks	Dial *945# → Select Transfer → Other Banks	Dial *7799# → Select Transfer → Other Banks

Airtime Purchase Codes

Wema Bank Airtime Codes:

• Buy airtime for yourself: *945*Amount# (e.g., *945*100#)
• Buy airtime for others: *945*Amount*PhoneNumber# (e.g., *945*200*08012345678#)
• Via menu: Dial *945# → Select Airtime

Parrelex Bank Airtime Codes:

• Buy airtime for yourself: *7799*Amount# (e.g., *7799*100#)
• Buy airtime for others: *7799*Amount*PhoneNumber# (e.g., *7799*200*08012345678#)
• Via menu: Dial *7799# → Select Airtime Purchase

Read also: OPay, PalmPay, Kuda & Moniepoint USSD Codes for Bill Payments in Nigeria 2026/2027 – Ultimate Guide

Data Bundle Purchase Codes

Wema Bank Data Codes:

• Dial *945#
• Select “Buy Data”
• Choose your network provider
• Select data plan
• Enter PIN to confirm

Parrelex Bank Data Codes:

• Dial *7799#
• Select “Data Bundles”
• Choose your network
• Select preferred data package
• Confirm with PIN

Balance Inquiry Codes

Wema Bank:

• Quick balance check: *945*0# or *945*00#
• Via menu: Dial *945# → Select “Balance Inquiry”

Parrelex Bank:

• Quick balance check: *7799*0# or *7799*00#
• Via menu: Dial *7799# → Select “Check Balance”

Bill Payment Codes

Wema Bank Bill Payments:

• Dial *945#
• Select “Pay Bills”
• Choose bill category (Electricity, Cable TV, Internet, etc.)
• Enter merchant details
• Confirm with PIN

Services Available:

• DSTV/GOtv subscription
• PHCN/EKEDC bills
• LAWMA bills
• Internet subscriptions
• Other utility bills

Parrelex Bank Bill Payments:

• Dial *7799#
• Select “Bill Payments”
• Choose service provider
• Enter customer ID
• Confirm transaction with PIN

Account Statement Codes

Wema Bank:

• Dial *945#
• Select “Account Statement”
• Choose statement period
• Statement sent via SMS or email

Parrelex Bank:

• Dial *7799#
• Select “Mini Statement”
• View last 5-10 transactions
• Receive via SMS

Step-by-Step Transfer Guide

How to Transfer Money with Wema Bank (*945#)

1. Dial *945# from your registered phone number
2. Select “1” for Transfer
3. Choose transfer type:
   • Transfer to Wema Bank
   • Transfer to Other Banks
4. Enter recipient account number
5. Enter amount (e.g., 5000)
6. Confirm recipient name
7. Enter your 4-digit PIN
8. Receive confirmation SMS

How to Transfer Money with Parrelex Bank (*7799#)

1. Dial *7799# from your registered number
2. Select “Transfer” from menu
3. Choose destination:
   • Parrelex to Parrelex
   • Parrelex to Other Banks
4. Enter account number
5. Input transfer amount
6. Verify recipient details
7. Enter PIN to authorize
8. Get transaction receipt via SMS

Transaction Limits Comparison (2026)

Wema Bank Transaction Limits

Transaction Type	Limit
Single Transfer	₦1,000,000
Daily Transfer Limit	₦5,000,000
Airtime Purchase (per day)	₦10,000
Bill Payment (single)	₦500,000

Parrelex Bank Transaction Limits

Transaction Type	Limit
Single Transfer	₦500,000
Daily Transfer Limit	₦2,000,000
Airtime Purchase (per day)	₦5,000
Bill Payment (single)	₦200,000

Note: Limits may vary based on account type and verification level.

Transaction Charges Comparison

Wema Bank Charges

• Transfers within Wema Bank: ₦10
• Transfers to other banks (below ₦5,000): ₦10
• Transfers to other banks (₦5,000 – ₦50,000): ₦25
• Transfers to other banks (above ₦50,000): ₦50
• Balance inquiry: Free
• Airtime purchase: Free
• Data purchase: Free
• Bill payments: ₦100 (varies by biller)

Parrelex Bank Charges

• Transfers within Parrelex: ₦10
• Transfers to other banks (below ₦5,000): ₦15
• Transfers to other banks (₦5,000 – ₦50,000): ₦30
• Transfers to other banks (above ₦50,000): ₦50
• Balance inquiry: Free
• Airtime purchase: Free
• Data purchase: Free
• Bill payments: ₦50 – ₦100

Registration Process

How to Register for Wema Bank USSD (*945#)

Method 1: Self-Registration

1. Dial *945#
2. Select “Create Account” or “Register”
3. Follow the prompts
4. Create a 4-digit PIN
5. Confirm registration

Method 2: Branch Registration

1. Visit any Wema Bank branch
2. Request USSD banking activation
3. Provide your account details and phone number
4. Create your PIN
5. Activation is instant

Method 3: Via ALAT App

1. Download ALAT by Wema app
2. Register and link your account
3. USSD is automatically activated

How to Register for Parrelex Bank USSD (*7799#)

Branch Registration:

1. Visit a Parrelex Bank branch
2. Request for USSD banking service
3. Link your phone number to your account
4. Set up your USSD PIN
5. Test the service immediately

Self-Service Registration:

1. Dial *7799#
2. Select “New User Registration”
3. Enter your account number
4. Verify your identity with BVN
5. Create your secure PIN
6. Registration confirmed via SMS

All Available Services Comparison

Wema Bank (*945#) Services

1. Fund Transfer
   • Wema to Wema transfers
   • Wema to other banks
   • International transfers (via app)
2. Account Services
   • Balance inquiry
   • Mini statement
   • Account opening
   • BVN verification
3. Airtime & Data
   • Airtime recharge (all networks)
   • Data bundle purchase
   • Bulk airtime purchase
4. Bill Payments
   • Electricity bills
   • Cable TV (DSTV, GOtv, Startimes)
   • Internet subscriptions
   • Waste management bills
   • Education payments
5. Card Services
   • Card blocking
   • Card request
   • ATM location finder
6. Loans & Savings
   • Loan application
   • Loan repayment
   • Fixed deposit creation

Parrelex Bank (*7799#) Services

1. Fund Transfer
   • Parrelex to Parrelex
   • Parrelex to other banks
   • Transfer to mobile wallets
2. Account Services
   • Check balance
   • Mini statement
   • Account upgrade requests
3. Airtime & Data
   • Buy airtime for self
   • Buy airtime for others
   • Data bundle purchase
4. Bill Payments
   • Electricity payments
   • Cable TV subscriptions
   • Betting wallet funding
   • Water bills
5. Card Management
   • Block lost/stolen cards
   • Request new cards
6. Loan Services
   • Quick loan requests
   • Loan balance check
   • Repayment options

Key Differences Between Wema Bank and Parrelex Bank

Bank Type

• Wema Bank: Commercial bank with full banking license
• Parrelex Bank: Microfinance bank focused on retail and small businesses

Network Coverage

• Wema Bank: Over 150 branches nationwide
• Parrelex Bank: Fewer branches, primarily in select states

Transaction Limits

• Wema Bank: Higher limits suitable for larger transactions
• Parrelex Bank: Lower limits appropriate for everyday transactions

Target Customers

• Wema Bank: Individuals, businesses, and corporations
• Parrelex Bank: Individuals, small businesses, and micro-enterprises

Digital Presence

• Wema Bank: ALAT app (advanced digital banking)
• Parrelex Bank: Basic mobile and USSD banking

Common USSD Shortcuts for Quick Transactions

Wema Bank Quick Codes

• Transfer: *945*Amount*AccountNumber#
• Airtime: *945*Amount#
• Balance: *945*0#
• Airtime for others: *945*Amount*PhoneNumber#

Parrelex Bank Quick Codes

• Transfer: *7799*Amount*AccountNumber#
• Airtime: *7799*Amount#
• Balance: *7799*0#
• Airtime for others: *7799*Amount*PhoneNumber#

Troubleshooting Common Issues

“Wrong PIN” Error (Both Banks)

• You have 3 attempts before temporary lockout
• Wait 24 hours or visit a branch to reset
• Never share your PIN with anyone

“Invalid Account Number” Error

• Verify you entered the correct 10-digit account number
• Confirm the bank name matches the account
• Check if recipient’s account is active

“Transaction Failed” But Money Deducted

• Keep the transaction reference number
• Contact customer service immediately
• Reversal typically takes 24-48 hours

USSD Code Not Responding

• Ensure your phone number is registered
• Check if you have network coverage
• Try restarting your phone
• Contact your bank if problem persists

Security Tips for USSD Banking

1. Protect Your PIN: Never write it down or share with anyone
2. Verify Before Sending: Double-check account numbers before transferring
3. Use Your Personal Line: Register only with your own phone number
4. Report Suspicious Activity: Contact your bank immediately
5. Keep Phone Secure: Use screen locks and passwords
6. Update Phone Number: Inform your bank if you change numbers
7. Beware of Scams: Banks never ask for PINs via calls or SMS

Network Compatibility

Both Wema Bank and Parrelex Bank USSD codes work on all major Nigerian networks:

• MTN
• Airtel
• Glo
• 9mobile

Standard network charges apply for USSD sessions (typically ₦4-₦6 per session).

Need quick cash?

Apply for instant Wema Bank loans without collateral and get approved within minutes.

Customer Support Contacts

Wema Bank

• Customer Care: 01-2777700
• Email: customercare@wemabank.com
• WhatsApp: +234 908 333 3333
• Website: www.wemabank.com
• Twitter: @wemabank
• 24/7 Support: Available

Parrelex Bank

• Customer Care: 01-4532625, 01-2901683
• Email: info@parrelexbank.com
• Website: www.parrelexbank.com
• Business Hours: Monday – Friday (8am – 5pm)

Frequently Asked Questions (FAQs)

1. Can I use Wema Bank USSD code if I have a Parrelex Bank account?

No, you cannot. Wema Bank (*945#) only works for Wema Bank customers, while Parrelex Bank customers must use *7799#. These are separate banks with different systems.

2. Which bank has cheaper transfer charges, Wema or Parrelex?

Both banks have similar charges for transfers. For within-bank transfers, both charge ₦10. For transfers to other banks, charges are nearly identical, ranging from ₦10 to ₦50 depending on the amount.

3. Do I need internet connection to use these USSD codes?

No, you don’t need internet for either *945# or *7799#. USSD banking works on all phones including basic feature phones, and only requires cellular network coverage.

4. Can I transfer money from Wema Bank to Parrelex Bank using USSD?

Yes, you can transfer from Wema to Parrelex and vice versa. Simply use the “Transfer to Other Banks” option and enter the recipient’s Parrelex account number (or Wema account if you’re sending from Parrelex).

5. Which bank has higher transaction limits?

Wema Bank has higher transaction limits. Wema allows up to ₦1 million per transaction and ₦5 million daily, while Parrelex has ₦500,000 per transaction and ₦2 million daily limits.

6. What happens if I dial the wrong USSD code for my bank?

If you dial *945# with a Parrelex account (or vice versa), the system will not recognize your account. You’ll receive an error message saying your phone number is not registered. Always use the correct code for your bank.

7. Can I buy data for all networks using these USSD codes?

Yes, both Wema (*945#) and Parrelex (*7799#) allow you to purchase data bundles for MTN, Airtel, Glo, and 9mobile. Just select your network from the menu and choose your preferred data plan.

Conclusion

Both Wema Bank (*945#) and Parrelex Bank (*7799#) offer convenient USSD banking services that make mobile transactions easy and accessible.

While Wema Bank provides higher transaction limits and more extensive branch network, Parrelex Bank offers competitive services focused on everyday banking needs.

Choose the bank that best fits your financial needs, register your phone number, and start enjoying fast, secure mobile banking without internet connection.

Remember to always:

• Use the correct USSD code for your bank
• Keep your PIN secure and confidential
• Verify recipient details before transferring
• Contact your bank immediately if you encounter problems

Start banking on the go today with these simple USSD codes!

If you need urgent or quick cash for business or for personal use, apply for instant Parallex Bank personal loans and get approved within 24 hours.

Hope this information is useful. Kindly to share to other users.