Is Ecobank a reliable Bank?
Overall, they're a pretty safe bet! As for Rapidtransfer, Ecobank says that “the service is extremely secure as it uses the same advanced and customised core banking platform that Ecobank runs on, which includes the latest international security software”.
From Phishing and Pharming to malware and work-from-home scams, there are many online threats whose goal is to steal both your identity and your money. At Ecobank, your safety and security is our number one priority.
ECOBANK, a West African bank under partial Citibank ownership, has direct financing and transfer links with Citibank worldwide.
Today, the Ecobank Group is a world-class institution and a torchbearer for Africa. With a presence in 35 sub-Sahara African countries, the Ecobank brand is synonymous with banking in Africa.
Ecobank currencies
To be able to send your money online to Nigeria and Ecobank, we have to convert your currency, whether it's US dollars (USD), British pounds (GBP) or euros (EUR), into Nigerian Naira (NGN). We cannot credit USD or domiciliary accounts.
| Bank | Forbes Advisor Rating | Learn More |
|---|---|---|
| Chase Bank | 5.0 | Learn More Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More Read Our Full Review |
| Citi® | 4.0 |
Ecobank offers a natural advantage with its unmatched pan-African banking competencies, built up over the last 25 years. Marshalling its impressively broad presence, its proficiency and its performance, the bank is intent on delivering sustainable returns and playing a catalytic role in the transformation of Africa.
Ecobank's largest shareholders are Qatar National Bank (27.09%) and Nedbank Group (28.61%). The bank's complete shareholder structure can be accessed here. Ecobank Transnational was established in 1985. Ecobank, based in Togo, is a commercial bank operating in 36 African countries.
Oceanic Bank International Plc.
Fast and Easy. With the Rapidtransfer International app you can now send money to your loved ones in Africa from France and 14 other European countries easily, quickly and securely.
What type of bank is Ecobank?
The Ecobank Group is a full-service banking group focused on Middle Africa. It provides wholesale, retail, investment and transactional banking services to individuals, small and medium-sized enterprises (SMEs), local corporates, multinationals, governments and financial institutions.
It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d'Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali ...
Ecobank currently operates in countries in West, Central, East and Southern Africa, namely Angola, Benin, Burkina Faso, Burundi, Cape Verde, Cameroon, Central African Republic, Chad, Congo Brazzaville, Democratic Republic of Congo, Côte d'Ivoire, Equatorial Guinea, Ethiopia, Gabon, Ghana, The Gambia, Guinea, Guinea ...
Customers with Naira debit cards can now pay up to $4,000 and $5,000 per day on online channels and point of sale (PoS) terminals. Foreign currency debit card holders can spend up to $5,000 daily from their domiciliary accounts. Premier Customers with platinum Credit Cards, daily transaction limits of $15,000.00 apply.
Please note that Ecobank reserves the right to accept or reject any other form of identification. Your transfer is instantly available at your receiver's location. Send funds in your local currency and we deliver the money in your receiver's currency. We deliver in minutes, every time.
Banking right across Africa
With over 1,300 branches in 36 countries, Ecobank has one of the biggest branch networks on the continent. While you can enjoy Ecobank banking services online, on your mobile and at ATMs, we continue to offer friendly advice and support for your everyday banking in our branches.
JPMorgan Chase (JPM)
The inclusion of JPMorgan Chase (NYSE:JPM) as one of the bank stocks least likely to fail shouldn't surprise anyone.
Historically, small banks are more likely to fail than large banks because they concentrate on regional lending, have fewer revenue streams to diversify risk and possess less capital to absorb losses. However, robust regulatory oversight and FDIC insurance help mitigate the risk to depositors.
- Ally Bank.
- Citizens Bank.
- Bank of the West.
- US Bank.
- SunTrust.
- Union Bank.
- Wells Fargo.
- HSBC.
According to Proshare, Ecobank Transnational Incorporated, joined the Tier 1 ranking for the 2023 PBSI from the Tier II ranking in 2021/2022. In the maiden edition of the “Tier 1 Banking Report” titled 'The case for redefining tier 1 banks', the PBSI focused on measures of asset quality, profitability, and liquidity.
Is Ecobank a private bank?
Ecobank Ghana Limited (EGH) is a national private sector entity based in Ghana.
How do I apply for Ecobank Online? You can self-onboard at www.ecobank.com, navigating through to the Personal Banking tab.
If you're looking for a convenient and safe way to carry cash, the Ecobank Visa Bank Card is the ideal choice. Recognised around the world, this Visa branded card lets you access money wherever you are.
It operates as a universal bank, providing wholesale, retail, corporate, investment and transaction banking services to its customers in the Nigerian market.
Ecobank acquired a universal banking license in 2003 and was listed on the Ghana Stock Exchange (GSE) in July 2006.
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