First City Monument Bank (FCMB), leading lender, has taken another major leap in the retail and mobile banking segments of the Nigerian financial services industry. It has launched a new product called FCMB Easy Account. Described as banking made accessible to all, a significant and value-added feature of this product is that the telephone numbers of the customers, without the first digit, serve as their respective account numbers. The Account is an enhanced version of its *329# USSD platform.
In a recent report, the Bank explained that FCMB Easy Account has been designed to make banking accessible to all Nigerians and will help to achieve the laudable goal of financial inclusion for most Nigerians as set by the Central Bank of Nigeria (CBN). It is a product open to all, particularly to meet the needs of low-income earners and the unbanked segment of the society. It enables the account holders have access to convenient and secured financial services, irrespective of their locations.
The Bank stated that the self-service, stress-free and secured FCMB Easy Account, is available on all GSM networks in Nigeria. It enables everyone in any location in Nigeria (rural, urban or remote) open an FCMB Easy account and carry out banking transactions on their mobile phones, even if there are no banks physically located at the area. All they need to do is dial *329# from their mobile phones and follow the instructions. Internet service availability which has been a major constraint to mobile banking service access is not required for FCMB Easy Account, as the account operates on the USSD platform.
FCMB Easy Account customers can send and receive money to and from friends, families and business partners across all banks in Nigeria. They can also deposit funds into their accounts at over 100,000 agents and banking locations of FCMB and other banks and mobile money operators in Nigeria. FCMB Easy account customers can also use their accounts for airtime purchase, bill payments and other payments.
With a clear understanding of its market and environment, FCMB is well positioned to continue to create value by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of its customers.