Tuesday 16 February 2021

Ecobank Launches Money Transfer Via WhatsApp, SMS or Email


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Ecobank Nigeria has launched a feature that allows its customers to transfer funds by email, SMS and Whatsapp - new features available in the bank’s mobile app.
Ecobank Launches Money Transfer Via WhatsApp, SMS or Email


Ecobank customers can now transfer money without the user's account number or even make a transfer via WhatsApp or SMS.

The initiative was part of the bank’s innovation in digital banking, enabling clients to comfortably conduct transactions.

“This opportunity couldn’t have come at a better time when many people are self-isolating and keeping social distance due to COVID-19. We have the responsibility as a bank to continue to innovate for the benefits of our teeming customers.

“We encourage our customers and others to utilize this new addition to our digital self-service solutions. With this feature, a customer can transfer up to N50,000 without the beneficiary’s account number. The transfer can be initiated without the beneficiary providing an account number or deciding on which account to receive the funds into. For us as a bank, this is super convenient for money transfer.”

How to Initiate The Transfer

Beneficiaries can redeem the money sent in three simple steps:

1. Receive the web link sent to his mobile number as SMS or WhatsApp message,

2. Click on the link to select a bank and enter the account number, then, submit the request and senders account is immediately debited.

3. The beneficiary account irrespective of the bank receives the credit instantly.

The process is secure, convenient and funds are in local currency and do not leave the sender account until the beneficiary initiates the redemption into the destination account.

All this feature is available on the new redesign mobile app.



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