Fund Transfer, Access Bank Plc has started nationwide payout of dollars to beneficiaries of international remittances, in response to the recent policy change by the Central Bank Nigeria (CBN).
The CBN had directed that recipients of international fund transfer can now receive their funds in cash in dollars or to have funds paid directly into their domiciliary accounts.
Executive director, retail banking, Access Bank, Victor Etuokwu, in a statement said, “As part of our promise to create value and meet the needs of our customers, we are happy to announce that our customers can now receive funds sent from the diaspora in dollars at any of our branches nationwide.
“The funds will be available as cash pick-up or direct transfer into customers’ domiciliary accounts.”
Etuokwu stated that, “the bank’s promise to deliver more than banking services is even more critical at this time as customers are looking for convenient products and services that facilitate their lifestyle and our remittance services are available to both customers and non-customers of Access bank.
“We encourage Nigerians in the diaspora to take advantage of this season of giving, to send funds home for their loved ones, who in turn can receive either by opening an Access bank domiciliary account or reactivate their inactive domiciliary account and the funds will be paid directly to their accounts or visit any of our 500 branches nationwide to receive their funds in USD cash,” he stressed.
“We maintain a strong relationship with our remittance partners, Western Union, MoneyGram, Ria, WorldRemit, Transfast, Paysend, Shift, Sendwave and other international money transfer services and we are committed to delivering excellent service to all our customers.
Access Bank, over the years, has leveraged technology including advanced analytics, cloud computing, artificial intelligence, machine learning and robotics process automation to reform business operations and drive performance to improve customer experience, he stressed.