Since most banks provide an option for banking with USSD codes, FCMB won’t be left out. As an answer for users with spotty or no internet connection, the bank launched the hugely successful FCMB transfer code.
In this post, you’ll learn all there is to know about banking on FCMB with USSD codes, which users popularly refer to as FCMB transfer code.
What is the FCMB Transfer Code?
The FCMB transfer code, dubbed the 329 Magic Banking, was a FCMB initiative to allow users to bank anytime and anywhere.
By dialing the USSD code, users can transfer money, check their account balance, buy airtime, pay their bills, and carry most other banking transactions, even without an internet connection.
The 329 Magic Banking works anywhere your phone works, as long as your network provider works.
While the FCMB Mobile Banking app is more intuitive than the FCMB transfer code, let me see how it works without an internet connection.
How to set up the FCMB transfer code
Anyone can use the FCMB transfer code. If you’re up to 18 years and you can use your mobile phone to check your airtime balance, you have the skills required for FCMB Magic Banking.
However, it’s always best if you have a FCMB account before attempting to set up USSD banking on your phone.
If you don’t have an account, you can always create one from the 329 interfaces. However, who wants to create bank accounts on a USSD interface?
For this guide, I’ll assume that you have a FCMB bank account already. Here are the steps required to set up a FCMB transfer code if you already have a FCMB account and a debit card.
1. Dial *329#
This code initiates FCMB magic banking on your phone. Once you dial this number on your phone, you’ll see a screen warning you that you’ll shell out an N6.98 service charge for all banking activities using the code.
If you accept the warning, you’ll see many options offering you numerous FCMB banking services, even if you don’t have a FCMB account.
However, you can’t use any of those services without setting up your magic banking account first.
Selecting any of the listed services will result in an option to sign up for magic banking with FCMB Bank. Select the Sign Up option to start setting up your FCMB Magic Banking account.
2. Sign up with your account number or debit card
At this juncture, you should see two options on your screen: ‘Prepaid with PIN’ and ‘Account with PIN.’
These options imply that you can sign up for FCMB Magic Banking using your debit card and your PIN or your account number and the associated PIN.
If you have a debit card, you may be better off with the ‘Prepaid with PIN’ option. In the event of a breach, you can disable the debit card without needing to shut down the entire account.
However, if you’re a fan of digital synergy, you should go for the ‘Account with PIN’ option. It is simply the most hassle-free option overall.
3. Enter your account number or card ID, and the associated PIN
If you selected ‘Account with PIN’ from the previous section, you should enter the ten digits of your account number on the next screen. Otherwise, you should enter your card number to continue.
On the next screen, enter the PIN associated with your account or card number to continue with setting up your FCMB transfer code.
After correctly entering your PIN twice, you can start using Magic Banking with your FCMB account.
You can carry out various banking transactions using the FCMB transfer code, even without an internet connection.
How to use the FCMB transfer code
Now that you’ve set up your FCMB transfer code, how do you use it?
FCMB Magic Banking opens the door to a whole world of new banking possibilities if you know how to use the service.
Here, you’ll learn some of the practical uses for the FCMB transfer code and some of the shortcuts that you can use for simple banking transactions.
1. Money Transfer
FCMB never referred to the service as the FCMB transfer code. They only called it magic banking, but users dubbed it transfer code because that’s the only reason why they use it.
If you’re anything like most other people, you should want to know how to use the transfer code for money transfers.
There is a long and short way to transfer money using the transfer code. The long way involves dialing *329# and selecting the appropriate option for the transfer.
To transfer money the easy way, dial *329*Amount*Account Number# if it’s to a FCMB account. Otherwise, dial *329*Amount*Account Number#.
You may have to enter your PIN to authorize the transaction.
2. Buying Airtime
You can also use the FCMB transfer code to purchase airtime for any number in Nigeria. Dialing *329*amount# instantly recharges the specified amount to your phone number.
If you want to purchase airtime for other numbers, you should specify the number thus: *329*amount*phone number#.
Note that any transaction using the FCMB transfer code incurs a service charge of N6.98. Merely checking your account balance will set you back for that amount, so it’s something you should know beforehand.
Other Related Articles
With other banks making giant strides in USSD banking, FCMB Bank refuses to be outdone. With the launch of its 329 Magic Banking, you can carry out most banking transactions without an internet connection or a visit to an ATM outlet.
You can set up the FCMB transfer code if you have a FCMB bank account, and that’s the only requirement.
However, you’ll need to shell out a service fee of N6.98 for every transaction, which is standard across most banks.
Once you experience the convenience of the FCMB Magic Banking, you’ll never go back.