Ecobank announces promo on all Rapid Transfer Payments

People wait in line on February 16, 2011 in front of a branch of the pan-African bank Ecobank in Abidjan. The Ivorian offices of two international banks, French BNP Paribas and US Citibank, were closed of February 14 after the west African regional bank BCEAO warned banks they risked sanctions if they dealt with Laurent Gbagbo's disputed regime. Gbagbo threatened on February 15 to take legal action against foreign banks Citibank and BNP Paribas after they closed their offices in the country. AFP PHOTO / SIA KAMBOU (Photo credit should read SIA KAMBOU/AFP/Getty Images)

Ecobank Nigeria has announced a one per cent (1%) fee on all Rapid Transfer payments via the Ecobank Mobile app from now through December 31, 2017. This promotion is designed to support citizens who have need to send money to loved ones across Africa during this festive season.

Announcing this end of year promo in Lagos, Head of Remittance, Ecobank Nigeria, Esther Obot, said this is a “strategic initiative to support our customers and citizens in general who would wish to transfer money at this time of the year”. She explained that transfers are to be made only from domiciliary accounts in Dollar. The receiving customer gets his funds either in the sending currency or the local currency. She emphasized that beneficiaries will receive the money in their Ecobank account, Xpress Account, Mobile Wallets and cash at the Bank’s agent locations in any our 33 African countries.

Speaking further “Obot said the Rapid Transfer also does in-bound transfers from our 33 countries into Ecobank account and all other bank account in Nigeria. Thus if you have a reason to receive funds from any of the 33 countries where Ecobank is present ask the sender to download the Ecobank Mobile App and enjoy this seasonal one percent (1%) promo. The Promotion is for all countries where Ecobank is present.”

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