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Keystone Bank Transfer Code

In Nigeria, there are so many commercial banks in operation and Keystone bank is one of them. The bank was licensed by the Central Bank of Nigeria (CBN) in 2011 and so it has full legal rights to operate in the country.

Keystone bank has a goal to serve its customers better and so they aim to make sure that banking transactions can be carried out with ease. One of the measures taken was the introduction of a USSD mobile banking platform which is operated by a USSD code.

The code can be used to carry out multiple banking transactions such as airtime purchase, money transfer, bills payment, account balance check, etc. In this article, it is money transfer we will be looking at because I am sure you came here to find out what the Keystone code for money transfer is.

The Keystone Bank Transfer Code

The Keystone bank USSD code for money transfer is *7111#. It is a code that will work with any GSM network in Nigeria such as MTN, Airtel, 9Mobile and Glo; it does not require internet connection or the use of data.

How to register for Keystone Bank USSD Banking

As a Keystone bank customer, you can register for their USSD banking service easily by following the below steps;

• Dial *7111# from the phone number linked with your Keystone bank account

• Attempt to perform any transaction (money transfer, airtime purchase) and you will be prompted to register or Select 8 to enable/disable USSD then 1 to register

• Enter your correct keystone bank account number

• Provide details of your debit card

• Create a 4-digit PIN

• Confirm your PIN by re-entering it

• Finish

You will receive a welcome message once you have been successfully registered. As this is done, you can now use the code to transfer money to other people.

How to transfer money with the Keystone Bank Transfer Code

Follow the steps below to successfully transfer money from your keystone bank account to that of others using the USSD code;

• Dial *7111# from the phone number linked with your keystone bank account

• Select 3 to send money to Keystone bank or select 4 to send money to other banks

• Enter the account number of the beneficiary for Keystone bank. For other banks, follow the onscreen navigation to select the beneficiary bank name and then enter the account number

• Enter the amount you wish to transfer to the beneficiary

• Confirm the name and bank account number of the beneficiary to be correct

• Provide your 4-digit PIN to authenticate the transfer

• Finish

It is as easy as that and your money will be transferred to your beneficiary’s account. Your account will be debited and you will get an SMS as confirmation.

You can also use this code by directly by dialing *7111*Transfer Amount*Beneficiary’s Bank Account Number# from the phone number linked with your keystone bank account number. When you dial this code, then you select the bank name of the beneficiary and enter your 4-digit PIN to authenticate the transfer.

Keystone Bank USSD Transfer Code Service Fee

For each transfer you make using this USSD code, there may or there may not be a service fee for you to pay.

You will not pay any service fee if you are transferring from Keystone bank to Keystone bank but you will pay a service fee when you are transferring from Keystone bank to other commercial banks in Nigeria. The service fee is N50 and it will be deducted from your bank account along with the transfer amount.

Keystone Bank USSD Transfer Code Limits

You can use the Keystone USSD code to transfer money as many times as you need to because it has no specific usage limit.

However, there is a limit attached to the maximum amount of money you can transfer in a day and per transaction. The maximum amount of money you can transfer per transaction is set at N20,000 (Twenty Thousand Naira Only) while the maximum you can transfer in a day is N100,000 (One Hundred Thousand Naira Only).

For those who wish to carry out daily transactions higher than these amounts, you can visit your bank branch and request for an increase via the customer care service.

Why should you use the Keystone Bank USSD Transfer Code?

You should use the Keystone bank USSD transfer code if you are a Keystone customer that does money transfer transactions regularly. Here are some reasons why;

It is simple: the code is just 4-digits (7111) which is simple and very easy to memorize.

It is fast: transfers with this code are completed in a few minutes. Using the code is a very fast means of transferring money from your account to someone else.

It is convenient: you can make use of the code anywhere you are whether home, office or school. It is available 24/7 and will work even on weekends and public holidays that banks do not work.

It is secure: no one will be able to pick up your phone and transfer money from your account using this USSD code without your permission. This is because the code is secured with a 4-digit PIN which only you should know.


The Keystone bank USSD code was introduced to help make banking transactions such as money transfer easier to carry out and it does just that. The code is an easy one to memorize and to use but, be careful not to make any mistake when entering the details of your beneficiary.