Ecobank offers 50% discount on Rapid transfer

Laz IBEABUCHI
LAGOS-Ecobank is offering a 50 per cent discount on transaction fees to new customers who use the Rapid Transfer service during the Easter period, being part of the bank’s plan to commemorate the festive season.
Announcing this offering in Lagos, Ecobank Group Head, Domestic Bank, Kingsley Aigbokhaevbo said all the customer has to do is open an Ecobank account by completing an account opening form and presenting requisite means of identification. In return, the bank would give him/her a Rapidtransfer Loyalty Card. “Just show your Loyalty Card every time you transfer money up until 30 April 2012, and we will refund 50% of your Rapid Transfer commission at the end of the promo”
According to Mr. Aigbokhaevbo, Rapid Transfer is an Ecobank proprietary send and receive money transfer product available in all Ecobank branches across Africa.
“It’s aim is to facilitate easy transfer and access to funds both in Nigeria and across countries where Ecobank is present. It is designed to eliminate the risk of carrying cash as well as facilitate easy payment for goods and services without the hassles of sourcing for foreign exchange as the payments are made in the local currencies of both the transfer and the receiving countries”; he remarked.
He reiterated that customers choose Ecobank Rapidtransfer because it is a fast, convenient and reliable means of sending and receiving money within Nigeria and across Africa.
The product is suitable for trans-border traders, schools/students, travelers, parents, foreign nationals residing in Nigeria, churches and missions, embassies and consulates, regional airlines and transporters amongst others.
Speaking further, Mr. Aigbokhaevbo said “true to our record on compliance, Ecobank ensures that the Foreign Exchange Control Regulations of the various monetary zones are upheld and the Know Your Customer (KYC) Principle is strictly adhered, to in order to guard against money laundering”.
The Rapid Transfer product is one of the innovative products of the Ecobank Group developed out of the need to provide convenient, accessible, and reliable money transfer service for its retail and wholesale customers, thereby contributing to the financial and economic development of Africa.

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