Ecobank Extends Zero Charge for Digital Money Transfers

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

In addition to the free USSD session fee currently enjoyed by Ecobank customers, users of Ecobank Mobile, Ecobank Online, USSD – Ecobank *326# can continue to enjoy zero fee charge for digital money transfers below N5,000, the bank disclosed in a statement.

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

The decision to extend the zero-charge policy was 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.

According to the Head, Consumer Banking, Ecobank Nigeria, Olukorede Demola-Adeniyi, “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 utilize our digital self-service solutions including Ecobank mobile app, Ecobank Online, EcobankPay, Ecobank Omniplus, Omnilite and the rapid transfer app; where they can 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.”