Ecobank Nigeria is offering unbanked and underbanked people who depend on daily earnings for survival an easy opportunity to save and access micro loans (Xpress Loan) by simply dialing its USSD code*326# to open an instant EcobankMobile account.
Targeted Nigerians include such artisans as mechanics, carpenters, electricians, small scale retailers and transporters, among others, the bank said.
The account will also enable them to easily receive monetary support from friends and family members as the need arises, especially during this Covid-19 lockdown, while maintaining social distancing via digital transactions, in a bid to check the spread of the virus.
In a statement, the bank explained that its mobile channels – Ecobank Mobile and *326# make it easy to instantly open the Ecobank Xpress account, an end-to-end digital account.
It added that with this account, customers could receive funds, send money, buy airtime and carry out basic banking transactions from the comfort of their homes; no paperwork or documentation is required, everything happens on mobile.
More so, Ecobank had since last year waived the USSD session fees, thereby making it possible for users of its USSD, *326# to transact at zero session charges.
According to the Head of Consumer Banking, Ecobank Nigeria, Mrs. Olukorede Demola-Adeniyi, “every Nigerian should, as a matter of necessity, have bank accounts that can aid them to save quickly, access loans and other financial support when the need arises.”
She reiterated that “Ecobank Mobile and *326# bring easy, affordable and convenient financial services to the youth and members of the public who hitherto had no access to formal banking services.”
She recalled that bank had earlier announced a zero charge for digital money transfers below N5,000 for its customers till April 30, 2020 as part of its initiatives to encourage affordable, safe banking during the lockdown.
Beyond owning an account, Demola-Adeniyi explained that every customer could utilise the bank’s several digital offerings, thereby making it easy for them to transact safely and conveniently from the comfort of their homes.
“We are determined to support the Nigerian Government by ensuring that the impact of the lockdown is minimal on citizens.
“We encourage every Nigerian to make use of our self-service digital solutions such as Ecobank Mobile *326#, Ecobank Online, EcobankPay, Ecobank Omni Plus, Omni Lite and the Rapidtransfer App to carry out their personal and business transactions without having to visit branches.
“This is part of our efforts to ensure social distancing which will help curtail the spread of COVID-19.”