How to Transfer Money from Parallex Bank in 2025

How to Transfer Money from Parallex Bank: Parallex Bank is revolutionizing the money transfer experience with its innovative digital banking solutions, designed to make transactions faster, more secure, and highly convenient. By moving away from the need for physical branch visits, the bank ensures that customers can manage their finances effortlessly from anywhere.

Whether you’re a new user or a seasoned customer, Parallex Bank offers multiple secure and reliable transfer options. These include a user-friendly mobile app, a robust internet banking platform, and simple USSD codes. These solutions prioritize accessibility, security, and customer satisfaction, enabling seamless transactions at any time.

This blog post provides a detailed overview of Parallex Bank’s transfer solutions, complete with step-by-step instructions to simplify the process. It also includes practical tips to resolve common issues, such as incorrect recipient details or network disruptions, ensuring smooth and hassle-free transactions. Discover how Parallex Bank is setting new standards in smart, efficient, and customer-focused banking.

Keyword

1. Code to Transfer Money From Parallex Bank in 2025
2. How to send Money from Parallex Bank using Internet Banking
3. How to Transfer Money from Parallex Bank using Bank App
4. How to Transfer money from Parallex Bank using ATM
5. Why is my transfer not going on my Parallex Bank account?
6. How to fix Parallex Bank transfer issues
7. FAQs
8. Summary

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Code to Transfer Money From Parallex Bank in 2025

To use ussd code to transfer money from Parallex Bank to other banks, follow the simple step by step guide below:

1. Open your phone dialer and dial *1242# from the phone number linked to your Parallex Bank account.
2. Select the Option to “Transfer”
3. Select the option to “Transfer to Parallex Bank” if your recipient is Parallex Bank customer or “Transfer to Other Banks” to transfer to other banks
4. Input the recipient account number
5. Select the receiver’s bank name if you are sending money to other bank
6. Input your transfer PIN to confirm the transaction

Your transfer will be done once both Parallex Bank and the recipient’s bank confirm the transaction

How to send Money from Parallex Bank using Internet Banking

To use Internet Banking to transfer money from Parallex Bank to other banks, follow the simple step by step guide below:

1. Register on Parallex Bank Online banking platform if you are a new user
2. If you have registered before, login with your details (username and password)
3. Click on the option to “Transfer” on the dashboard
4. Input Recipient’s account number, Bank name, Transfer amount and transfer remark if necessary in the provided spaces respectively
5.  Double check the details and input your transfer PIN to authorize the transfer
6. An OTP will be sent to your number to finalize the transfer

Your transfer will be done once both Parallex Bank and the recipient’s bank confirm the transaction

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How to Transfer Money from Parallex Bank using Bank App

To use Internet Banking to transfer money from Parallex Bank to other banks, follow the simple step by step guide below:

1. For new user, Download, Register and Activate Parallex Bank app on your mobile device
2. Log in with your details if you are an old user
3. From the dashboard in the main menu, click on the option to “Transfer”
4. Enter the Recipient’s account number and bank name in the provided space
5. Enter the amount you want to transfer
6. Double check the Recipient’s details and input your Transfer PIN to authorize the transfer.

Your transfer will be done once both Parallex Bank and the recipient’s bank confirm the transaction

How to Transfer money from Parallex Bank using ATM

To use ATM to transfer money from Parallex Bank to other banks, follow the simple step by step guide below:

1. Go to any ATM stand close to you, preferably Parallex Bank ATM 
2. Insert your card into the machine and input your card PIN to authorize the usage
3. From the menu page, select the option to Transfer
4. Select recipient’s bank 
5. Input recipient’s account number followed by amount you want to transfer
6. Double check the details and input your transfer PIN to authorize the transfer

 Your transfer will be done once both Parallex Bank and the recipient’s bank confirm the transaction

Why is my transfer not going on my Parallex Bank account?

If you are having any issue transferring fund from your Parallex Bank to other bank account, here are possible problems you could be facing:

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1. Insufficient Funds: Your account balance may be too low to cover the transfer amount, including any associated fees.
2. Network Issues: Technical difficulties or network disruptions can temporarily prevent transactions from being processed.
3. Incorrect Recipient Details: Entering wrong account numbers or bank codes can cause the transfer to fail.
4. Daily Transaction Limits: You’ve reached the maximum allowable daily transaction limit set by Parallex Bank for security reasons.
5. Security Flags: Unusual activity or suspicious transactions may trigger security protocols, temporarily blocking your account for verification.

Note that there could be other problems, these are just the most common ones

How to fix Parallex Bank transfer issues

If you are having any issue transferring fund from your Parallex Bank to other bank account, here are possible solutions you could be facing:

1. Check Account Balance: Ensure you have sufficient funds, including any transaction fees, before initiating the transfer.
2. Verify Recipient Details: Double-check the recipient’s account number and bank code to ensure they are accurate.
3. Confirm Network Stability: If you’re experiencing technical issues, wait a few minutes and try again or switch to a different internet connection.
4. Increase Daily Limit: If you’ve reached your transaction limit, contact Parallex Bank’s customer service to request an increase or adjust your limits through the bank’s app or online banking portal.
5. Resolve Security Alerts: If your account is flagged, follow the prompts to verify your identity or contact customer support to lift any restrictions.

Please contact Parallex Bank customer care if none of the above solutions works for you.

FAQs

Can I transfer money internationally from Parallex Bank?

Yes, international transfers can be made through the Parallex Bank Mobile App, Internet Banking, or by visiting a branch.

What should I do if my transfer from Parallex Bank fails?

Check your network connection, ensure sufficient funds, and retry. If the issue persists, contact Parallex Bank customer service for assistance.

What are the charges for transferring money from Parallex Bank to other banks?

Transfer fees range from ₦10 to ₦50, depending on the amount and transaction method.

Is there a limit to how much I can transfer from Parallex Bank using USSD?

Yes, the daily transfer limit is typically ₦100,000 for USSD transfers, but this can be adjusted based on your account type.

Can I transfer money using the Parallex Bank Mobile App?

Yes, log in to the Mobile App, select “Transfer,” choose the recipient’s bank, enter the account number and amount, and confirm the transaction.

Summary

Parallex Bank offers easy money transfer options in 2025, making transactions simple for customers. Using USSD codes, the mobile app, internet banking, or ATMs, users can quickly send money without going to a branch. These methods are designed to be fast, secure, and user-friendly, ensuring everyone can access banking services.

Common transfer issues include insufficient funds, wrong recipient details, network issues, or transaction limits. To fix these, check your account balance, verify recipient details, ensure a good network connection, or contact Parallex Bank’s customer care for help. Following these steps ensures smooth and trouble-free transfers.