Access Bank Boosts Diaspora Remittances With Reward Scheme

4 years ago
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Access Bank gives out N5bn to 20,000 customers in DiamondXtra savings scheme  - Businessday NG
Access Bank Plc has announced the  introduction of  a reward scheme for its customers to promote diaspora remittances into the country.
The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, who  announced in Lagos,explained  that the bank would be rewarding customers with N5 on every dollar received from their loved ones or associates abroad through foreign remittances
He added  the N5 for every dollar cashback would be paid to Access Bank customers irrespective of their preference to receive funds as U.S. dollars cash pick-up over the counter or direct transfer into their domiciliary accounts.
Etuokwu said that the scheme would run from March 8 to May 8.
“Remittance services are a key aspect of our economy, and it is still vibrant and viable today because people still take care of family members, loved ones and friends and invest at home even as they live abroad.
“As part of our promises to create value and meet the needs of our customers, we are happy to announce that our customers can now receive five naira for every one dollar.
“This can be done at any of our branches nationwide, when their loved ones or associates send funds from the diaspora,” he said.
He said the bank’s promise to deliver “More than Banking” services is more relevant at this time as customers are looking for convenient products and services to facilitate their lifestyle needs.
He  disclosed that the bank would maintain a strong relationship with its remittance partners ranging from Western Union, MoneyGram, Ria, WorldRemit and Transfast, among others, to deliver excellent services.
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