Ecobank adopts CBN’s reduced bank charges

Ecobank Nigeria has complied with the Central Bank of Nigeria’s recent directive on the reduction of bank charges.

The bank commended the CBN for taking bold steps to further strengthen the financial inclusion drive in the country.

In October 2019, Ecobank announced the elimination of session charges on its USSD platform – *326#, months prior to the new CBN directive. Customers using *326# for their transactions such as inter and intra bank funds transfers, bill payments, airtime top-up, balance enquiry etc. can do so at zero session fees.

Further to the removal of the session charges, Patrick Akinwuntan, Managing Director, Ecobank Nigeria, advocated stakeholder buy-in to make banking more affordable and accessible to all.

He noted that lower charges would encourage the unbanked to adopt structured financial services, thereby driving financial inclusion and economic growth. Ecobank has been at the forefront of the campaign for inclusive, affordable banking. Anyone, regardless of their social class, can open the Ecobank Xpress Account with Zero Naira, from any phone type, simply by dialing *326#. The account opening process is fully “do it yourself” without any documentation or paperwork.

The Managing Director, in his new year message to customers, stated that “Our removal of session charges on Ecobank *326# well ahead of the recent downward review of charges on digital transactions by the Central Bank of Nigeria further demonstrates our commitment to delivering more savings to our customers, making banking with Ecobank more delightful in the new year and beyond.”

READ ALSO  Fire Guts Jabi Motor Park In Abuja, Shops Destroyed (Photos)

Related Articles

Attention! Read RapidGist Comment Policy!

  1. Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
  2. Your comments MUST NOT be less than 6 words.
  3. Multiple Comments are STRICTLY FORBIDDEN. You MUST NEVER in multiples per post.
  4. Do NOT in anyway copy/duplicate or transmit another members comment and paste to earn.
  5. Exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed on RapidGist.
  6. Constructive REPLY to comments is allowed once per comment, per post and subject to all rules as stated above.
NOTE: Failure to adhere to RapidGist Comment Policy will cost you ₦50 per trash comment. this policy start with effects from today 13th Feburary 2020

  1. Eco bank customers have been waiting long for this… Finally, it is now being implemented

Back to top button
error: Alert: Content is protected !!
%d bloggers like this: