How to Transfer Money in Bank Zero with Mobile Codes (USSD Codes)

The rise of digital banking in South Africa has transformed how people manage money. Among the most innovative players in this space is Bank Zero, a fully digital, app-driven bank that eliminates traditional banking fees. Customers can open accounts, manage finances, and make payments – all from their smartphones.

But many South Africans are familiar with the mobile code (USSD) method of banking, which works without data or internet. Naturally, a common question arises: “How can I transfer money in Bank Zero with a mobile code?”

This guide explores the reality of using Bank Zero with mobile codes, provides step-by-step alternatives, and explains how customers can still move money quickly, safely, and affordably.

What is a Mobile Code in Banking?

A mobile code (also called USSD code) is a short code you dial on your phone (e.g., *120* or *130*) to access banking services without data.

It allows users to:

• Check balances.
• Transfer money to bank accounts or phone numbers.
• Buy airtime and pay bills.
• Perform other transactions without a smartphone or app.

This feature is especially useful in rural areas, low-data environments, or for customers who don’t own smartphones.

Does Bank Zero Have a Mobile Code for Money Transfers?

As of 2025, Bank Zero does not provide a USSD/mobile code banking service. Unlike TymeBank or FNB that use mobile codes, Bank Zero operates exclusively through its mobile app.

This means that if you want to transfer money in Bank Zero, you need:

• A smartphone, and
• The Bank Zero mobile app installed.

However, this doesn’t mean you’re limited. Bank Zero has made its app lightweight, data-friendly, and secure, ensuring that even customers with limited internet can use it effectively.

Alternatives to Mobile Code Transfers in Bank Zero

Even though Bank Zero doesn’t offer USSD codes, you can still move money conveniently using the following methods:

1. Bank Zero-to-Bank Zero transfers (internal).
2. EFT transfers to other South African banks.
3. Immediate Payments (real-time clearing).
4. Scheduled transfers and debit orders.
5. QR code and bill payments.

1. Bank Zero-to-Bank Zero Transfers

This is the fastest and cheapest way to transfer money.

Steps:

1. Log in to the Bank Zero mobile app.
2. Select Payments → Transfer to Bank Zero Account.
3. Enter the recipient’s Bank Zero account number.
4. Enter the amount.
5. Confirm with your PIN.

Fee: Free.
Processing time: Instant.

2. EFT Transfers to Other Banks

Bank Zero allows you to send money to any other South African bank account.

Steps:

1. Open the Bank Zero app.
2. Tap Payments → EFT Transfer.
3. Fill in recipient details (bank, account number, type).
4. Enter the amount.
5. Select Standard EFT.
6. Confirm with your PIN.

Fee: Free.
Processing time: 1–2 business days.

3. Immediate Payments (Real-Time Clearing)

If the recipient needs money urgently, you can use Immediate Payments.

Steps:

1. Open the app → Payments.
2. Select EFT Transfer.
3. Enter recipient’s details.
4. Select Immediate Payment.
5. Enter the amount.
6. Confirm with your PIN.

Fee: R7–R10.
Processing time: Within minutes.

4. Scheduled Transfers and Debit Orders

You can automate payments so you don’t have to remember deadlines.

Steps:

1. In the app, go to Payments → Scheduled Transfers.
2. Enter recipient details.
3. Choose frequency (daily, weekly, monthly).
4. Enter the amount.
5. Confirm.

Fee: Free.
Benefit: Perfect for recurring bills like rent or subscriptions.

5. QR Code and Bill Payments

Bank Zero integrates with QR code systems and billers for quick, cashless transactions.

QR Payments:

1. Open app → QR Payments.
2. Scan merchant QR code.
3. Enter amount → Confirm.

Bill Payments:

1. Open app → Payments → Pay Bills.
2. Select biller (DSTV, Telkom, Eskom, etc.).
3. Enter account/reference.
4. Confirm payment.

Bank Zero Transfer Fees (2025)

Transfer Type	Fee	Processing Time
Bank Zero-to-Bank Zero	Free	Instant
EFT to Other Banks (Standard)	Free	1–2 business days
Immediate EFT (Real-Time Clearing)	R7–R10	Within minutes
Scheduled Transfers & Debit Orders	Free	Set schedule
QR Code & Bill Payments	Free/Low-cost	Instant–48 hrs

 

Safety Tips for Transfers in Bank Zero

Even without USSD, you must follow safe digital banking practices:

• Enable app notifications for instant alerts.
• Double-check recipient details before confirming.
• Never share your PIN or login details.
• Use secure Wi-Fi or mobile data when making transfers.
• Report suspicious transactions immediately.

Why Bank Zero Doesn’t Use Mobile Codes

Bank Zero intentionally avoided USSD/mobile code banking because:

• Security risks: USSD codes are more vulnerable to fraud.
• Focus on app-driven banking: Reduces operational costs.
• Modern strategy: Targets smartphone-first customers.
• Better user experience: App provides more features than USSD.

Bank Zero Customer Support

If you encounter transfer issues, you can contact Bank Zero via:

• In-app support chat
• Email: support@bankzero.co.za
• Website: www.bankzero.co.za

Future of Bank Zero Transfers

While there’s no USSD currently, Bank Zero may expand to:

• Cross-border transfers.
• Digital wallet integrations (Apple Pay, Google Pay).
• Blockchain-based payments.
• More merchant partnerships.

So, can you transfer money in Bank Zero with a mobile code? The answer is no – Bank Zero does not offer USSD/mobile code banking. Instead, all transfers are done via the Bank Zero app, which is lightweight, secure, and free for most transactions.

By focusing on app-based transfers, Bank Zero keeps costs low while ensuring customers enjoy fast, safe, and convenient money transfers.