Are you a Wema Bank customer looking for the easiest and most secure way to transfer money? 

You’re in the right place. Moving money shouldn’t feel complicated or stressful. For many people, it’s not just a routine task but a bigger part of daily life. And when banking becomes part of your everyday rhythm, convenience is defined by how quickly and securely you can move your money.

Wema Bank understands this better.  As one of Nigeria’s oldest and most trusted banks, serving millions of customers nationwide, it has built multiple reliable channels that make money transfers simple, fast, and safe. The key lies in knowing how to use them efficiently to save time and avoid unnecessary errors.

This guide will walk you through every practical method to transfer money from your Wema account in the simplest, most efficient way. You’ll learn how each channel works and how to complete transactions in minutes without confusion, delays, or unnecessary stress.

Why Do Wema Bank Transfers Stand Out?

Transfer money from Wema Bank

Wema Bank has been at the forefront of digital banking in Nigeria, introducing ALAT by Wema as the country’s first fully digital bank in 2017. This innovation set a new standard for banking, allowing customers to access their accounts, manage funds, and perform transactions entirely online without visiting a branch.

Transfers with Wema Bank are designed for convenience, security, and speed with competitive transfer charges, nationwide accessibility, and seamless integration with modern banking systems.

Wema Bank also allows its customers to send money in multiple convenient ways, giving them flexibility depending on their needs. These methods are:

  • Internet banking
  • Mobile banking
  • ATM transfers
  • USSD code (*945#)
  • Visiting a Wema Bank branch

How To Transfer Money From Wema Bank Via Internet Banking

You can send money online through the Wema Bank internet banking portal. This requires you to create a Wema Bank account and have an active internet banking profile. You can have this internet banking profile online or visit any Wema Bank branch nearest you.

Here are the steps to send money using this method:

  • Sign in to the Wema Bank internet banking portal using your login details.
  • Click “Transfer” on the menu bar.
  • Choose your recipient’s bank and enter their account number.
  • Enter the amount you want to transfer and add a description (if necessary).
  • Review the transaction details and confirm the transaction by entering your PIN.
  • You will receive a confirmation message on the success of your transaction.

How To Send Money From Wema Bank Using Mobile Banking

Wema Bank has a mobile app convenient for sending funds and making other transactions, similar to one of the methods to send money from UBA and other banks. This is the ALAT app that is available for download on the Google Play Store and Apple Store. You can use the app by registering with your Wema Bank account details and setting up a profile. This is also one of the methods to send money.

Then, you can follow these steps to transfer money from Wema’s mobile banking:

  • Log in to the ALAT app using your username and password.
  • Choose “Transfer” from the menu options.
  • Select your recipient’s bank and enter their account number.
  • Enter the amount you want to transfer and add a description (if necessary).
  • Review the transaction details and confirm the transaction by entering your PIN.
  • You will receive a confirmation message upon the success of your transaction.

How To Transfer Money From Wema Bank Via ATM

The Automated Teller Machine (ATM) has also become one of the easiest ways to send money, other than withdraw funds. These are the steps to send money on the ATM:

  • Insert your Wema Bank debit card into the ATM.
  • Enter your 4-digit PIN and choose “Transfer.”
  • Enter the recipient’s account number and the amount you want to send.
  • Review the transaction details and click “Send.”
  • You will get a confirmation message once the transaction is successful.

How To Transfer Money From Wema Bank Via USSD Code

You can use the USSD code to send money from Wema Bank, which is similar to how you can use the USSD code on OPay and other banks in Nigeria. So, as a Wema Bank customer, here are the steps to use the code:

  • Dial *945# on the phone number linked to your Wema Bank account.
  • Choose the transfer option.
  • Enter your recipient’s bank details (bank name and account number).
  • Enter the amount you want to send.
  • Enter your PIN to authorize the transaction.
  • Your recipient will receive the fund upon the successful confirmation of your transaction.

How To Send Money From Wema Bank Through Bank Branch

This is the traditional, age-long method of making transactions. It involves visiting a branch of Wema Bank nearest you to send money. Here are the steps:

  • Locate a Wema Bank branch around you.
  • Fill out a transfer form with your account number, the recipient’s bank details (bank name and account number), and the amount you want to send.
  • Submit the form to the bank teller.
  • Upon successful processing, the teller will give you a receipt as proof of the transaction.

What Are the Daily Transfer Limits?

It is important to know that Wema Bank sets daily transfer limits to help customers manage their funds securely while preventing unauthorized transactions. However, the exact limit depends on the channel you use and your account type.

For USSD transfers via *945#, the standard daily limit is usually around ₦100,000, though some accounts may start with a lower default, such as ₦50,000, which can be increased after verification. Mobile banking and internet banking typically allow transfers up to ₦500,000 daily, with higher limits available for verified or upgraded accounts.

ATM and in-branch transfers may have different limits, often aligned with the bank’s policies for the type of account you hold. To ensure you can transfer the amount you need, it’s best to check your account’s specific limit through your Wema Bank app, internet banking, or by contacting a branch.

What Are the Best Security Practices in Sending Money?

1. Keep your PIN and login details confidential

Never share your ATM PIN, USSD code, or internet banking credentials with anyone, even friends or family, and only use Wema Bank’s official apps, website, USSD codes, or ATMs to complete transactions. Avoid third-party apps or unofficial links.

2. Always verify recipient details

Always double-check the account number, bank name, and amount before confirming a transaction. A small error can result in funds being sent to the wrong account.

3. Avoid public Wi-Fi for digital transfers

When using internet banking or the ALAT app, ensure your connection is secure to prevent interception of your banking information.

4. Monitor your account regularly

Check your account statements frequently to identify any unauthorized transactions early or detect suspicious access to your account.

5. Report any suspicious activity immediately

If you notice anything unusual on your account, contact Wema Bank right away to prevent potential fraud.

By following these best practices, you can make the most of Wema Bank’s transfer services while keeping your money safe and your transactions secure.

Frequently Asked Questions (FAQs) About Money Transfer From Wema Bank

What is the Wema Bank transfer code?

The Wema Bank transfer code is *945#. It allows you to send money and check your account balance using any mobile phone without the internet.

Is there a charge for transferring money to another bank?

Yes, interbank transfers may attract a small fee depending on the channel used. Transfers within Wema Bank are typically free or have minimal charges.

Can I use the ALAT app without visiting a branch?

Yes, ALAT by Wema is fully digital and lets you open accounts, transfer money, and pay bills. Some upgrades or limit increases may require branch verification.

How can I reset my Wema Bank transfer PIN?

You can reset your PIN via ALAT, USSD (*945#), or at a branch. Make sure you have your account details ready for verification.

What do I do if my transfer fails but my account is debited?

Contact Wema Bank immediately through customer support or a branch. Provide transaction details so the bank can reverse or trace the funds.

Conclusion

Sending money from Wema Bank is a simple and convenient process, as you can use any of the methods highlighted in this article to transfer funds to family, friends, and customers. At the same time, it is essential to maintain the security of your transactions. Always keep your login details, PIN, and other sensitive information confidential, and report any suspicious activity to the bank immediately.

By using Wema Bank’s tools wisely and staying vigilant, you can manage your money with confidence, knowing every transfer is both seamless and secure.

Last updated on November 11, 2025