Ecobank Offers Zero Fees On Int’l Transfers

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said the bank has introduced zero fees for all international transfers done into Nigeria on its newly- launched Rapidtransfer app.
While announcing this in Lagos, he said “Ecobank is poised to ensure Nigerians in the Diaspora get the best in class remittance service. We want to make it easy for Nigerians living abroad to send money to their loved ones at home instantly. Transfers on the
Rapidtransfer app is at zero fees from now till January 31, 2019.”
Further, Akinwuntan reaffirmed that the Ecobank Rapidtransfer app which follows a tradition of leadership in digital banking in Africa is designed to enhance remittances to Africa by drastically reducing cost, while also tackling the long, burdensome and inefficient processes Africans abroad face when sending money to their home countries.
The bank’s boss urged Nigerians to tell their relatives abroad to take advantage of this new and innovative means of remitting hard earned monies home.
“Many Nigerians work abroad and financially support their relatives back home. The app is a safe and secure low-cost remittance solution, which ultimately will put more money into the hands of the recipient as there are no charges deducted,” he said