Ecobank Nigeria extends zero charge for money transfer

Ecobank Nigeria says it has extended its zero-charge fee for digital money transfers below N5,000 till the end of September this year.

It also said on Friday that users of Ecobank Mobile, Ecobank Online, and USSD-Ecobank *326# could continue to enjoy zero fee charge for digital money transfers below N5,000.

The bank said new customers could also benefit from this by opening an Xpress account from the comfort of their homes by simply dialling *326#.

It said the zero charge for mobile money transfers commenced in March as part of the bank’s corporate action to cushion the rising spread of coronavirus.

According to the statement, the decision to extend the zero-charge policy is hinged on the bank’s drive to continuously encourage citizens to adopt digital banking, particularly with the ongoing social distancing campaign targeted to check the spread of COVID-19.

The Head, Consumer Banking, Ecobank Nigeria, Olukorede Demola-Adeniyi, said, “As a bank, our priority is people’s wellbeing. We place great emphasis on rewarding and identifying with our customers and citizens of Nigeria especially at a time like this.

“We are determined to ensure that the impact of the pandemic is minimal on citizens. We encourage our customers to utilise our digital self-service solutions including Ecobank mobile app, Ecobank Online, EcobankPay, Ecobank Omniplus, Omnilite and the rapid transfer app.”

She said the solutions would enable them to easily access their bank accounts, make payments, transfer funds, process salaries and carry out ancillary banking transactions from the comfort of their home and offices without having to visit the branches.

She added, “At Ecobank, we are always finding ways to improve our customer experience digitally, which is why I encourage our customers to upgrade to the new Ecobank mobile app 4.0.

“Customers can carry out banking transactions and enjoy some of the new features that the app provides, such as the ability to send money via email or SMS and of course, take advantage of the zero charge on money transfers below N5,000”.

She said the bank was also supporting over 50,000 farmers across the country to grow maize, under the Central Bank of Nigeria’s Anchor Borrowers Programme with the Maize Growers, Processors and Marketers Association of Nigeria.

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