Did you move your primary bank account to Keystone Bank recently? If yes, you’ll need to unlearn and relearn so much stuff. One of the first things to learn is how to use the Keystone Bank transfer code for transactions on your cellphone.
In this post, you’ll learn how to activate your Keystone Bank transfer code for seamless transactions from any mobile phone with a SIM card.
What is Keystone Bank KeyMobile?
With the Keystone Bank transfer code, you can carry out most of your banking transactions on any smartphone, even without an internet connection.
Unlike most other banks that offer a USSD banking option, Keystone Bank gifts users many exclusive benefits for transacting with the USSD code.
While most retail accounts support KeyMobile, you can’t use the Keystone Bank transfer code if you hold a domiciliary account, a Keystone Children’s Account, or any Premium account tiers.
If you don’t hold any of the accounts specified above, you can proceed below to learn how to activate your KeyMobile account and start using Keystone Bank’s transfer code.
How to activate the Keystone Bank transfer code
Keystone Bank doesn’t automatically activate the transfer code for all eligible users. If you intend to make transactions using the USSD code, you must manually sign up through the steps outlined below.
Dial *7111# Special Keystone Bank ussd Code or Keystone Bank transfer code. It is the USSD code you’ll always dial on your cellphone whenever you need to make USSD transactions with your Keystone Bank account.
To initiate the USSD session, dial *7111# Special Keystone Bank USSD code or Keystone Bank Transfer Code on your mobile phone. After dialing the code, a menu will appear on your screen. This menu lists various services you can access using Keystone Bank USSD Code or Keystone Bank Transfer Code. Each service will have a corresponding number. Reply with the number associated with the service you want to use.
Dialing this code will evoke a prompt warning that you’ll be shelling out a N6.98 service charge for USSD transactions on the network. If you’ve used transfer codes from other banks, you should know that this is the industry standard.
- Enter the last digits of your Keystone Bank’s debit card number
If you have an account with Keystone Bank, you should get to a page where you can enter the number on the debit card associated with your Keystone Bank account.
You only need to enter the last six digits, and you can only proceed if it matches the numbers on Keystone Bank’s records.
If you don’t have an account associated with your phone number, you’ll get a prompt with the message, accompanied by an option to create an account with Keystone Bank.
If you get this message despite having an account with Keystone Bank, you may need to contact the bank’s support to rectify the error.
- Choose a PIN
After entering the numbers on your debit card, the following prompt will ask you to choose a PIN to secure your USSD transactions.
This PIN is different from the debit card PIN that you use to make ATM and debit transactions. Also, we don’t recommend entering your debit card PIN here, as it only makes your account less secure overall.
Remember, KeyMobile is only as secure as your PIN. If someone can access your phone and your PIN, they can carry out any transaction without access to any other information relating to your account.
After entering a strong PIN twice, you should receive a confirmation message from Keystone Bank with your account summary.
If you made it to this stage without any hitches, you’ve successfully created a Keystone KeyMobile account. Now, you can use the *7111# Keystone Bank transfer code to make transactions on your account.
If you don’t know what transactions you can make through the KeyMobile feature on your phone, the next section will explain it in detail.
How to Transact Using Keystone Bank Transfer Code
You’ve set up your Keystone KeyMobile account; now what? How do you make regular banking transactions without ever downloading the Keystone Bank app?
This section outlines some use cases of the Keystone Bank transfer code and how you can carry out these transactions.
- Account Opening
If you don’t have a Keystone Bank account already, dialing the transfer code will only result in a prompt to open an account.
Opening a Keystone Bank account through KeyMobile is easy and free, and you can get an account number without doing any paperwork.
If you want a debit card, however, you may have to visit a Keystone Bank branch. Your phone can’t print out a card, you know?
- Airtime Purchase
If you purchase airtime quite frequently, you should always do it using the Keystone Bank transfer code.
To buy airtime using the code, dial *7111*amount*phone number# and enter your PIN to authorize the transaction.
- Money Transfer
Money transfer is the most popular feature of KeyMobile. It allows you to transfer money to anyone with a bank account regardless of the bank.
You can make a transfer by dialing *7111*amount*recipient’s account number# on your phone. You may have to enter your PIN to authorize the transaction.
Apart from transferring money and purchasing airtime, you can also update your BVN, make cardless withdrawals, retrieve your card PIN and even block your debit card using the Keystone Bank transfer code.
More Bank Transfer Codes
Keystone Bank transfer code makes transactions easy. Banking activities that require human presence at a bank branch are now possible from a cellphone without an internet connection.
However, you should note some of the charges and limits associated with this service.
For example, you shell out a N6.98 service charge for every transaction, and you can’t purchase airtime of over N3,000 in 24 hours.
Most people will agree that the advantages of the service eclipse these charges and limits, making KeyMobile is a welcome initiative.