No More Charges: Free Transfers To Access, Zenith, UBA Other Nigerian Banks To Customers Read Details

No More Charges: Free Transfers To Access, Zenith, UBA Other Nigerian Banks To Customers Read Details

Nigerian Banks: With its recent launch, Airtel Africa SmartCash Payment Service Bank has a positive message for its patrons. According to the corporation, users will no longer be required to pay for transfers to any other bank in Nigeria.

For transactions under N5,000, N26 for those between N5,000 and N50,000, and N50 for those beyond N50,000, CBN-approved banks impose a fee.

The fintech division of Airtel Nigeria, Smartcash Payment Service Bank, has introduced “free transfers to all banks” as a new service for its customers.

Kelechi Amogu, head of brand and communications at Smartcash PSB, discussed the new feature and said it is a part of the company’s commitment to provide outstanding value.

“The campaign is in line with the organization’s ongoing efforts to promote financial inclusion and financial literacy, as well as its dedication to offering affordable financial solutions.

“This program opens up a universe of perks and rewards; it’s not just about using our platform. We firmly think that financial transactions should be more enjoyable and accessible for our users, and this campaign is evidence of our dedication to their financial security.

Smartcash offers users affordable financial solutions, allowing them to transfer money to other banks without charging consumers, ensuring a hassle-free financial experience.

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Furthermore, he said:

The Smartcash service is set to revolutionize digital banking by offering attractive rewards to both current and new users, enhancing the ease and benefits of the service.

The federal government of Nigeria has ordered all Nigerian banks to debit clients with domiciliary accounts, according to a previous report by Legit. ng.

The debit, which will be sent to the government, is for previous foreign exchange transactions that clients completed between 2021 and 2023.

Customers have received messages from Access Bank, GTB, UBA, Zenith, and other commercial banks informing them to anticipate the debits.

The First Bank of Nigeria declared in a notice titled “Important Notice: Electronic Money Transfer Levy Deductions Begin on Foreign Currency Transactions” that deductions would begin immediately and be sent to the FIRS.

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