EEMFB

Benefits and possibilities of the account.

Transfer money to local and foreign banks faster and cheaper, exchange currency at a favorable rate and pay for utility services free of charge!

As the Nigeria Central Switch, NIBSS is responsible for the interoperability between the various players in the financial system. Interoperability involves the ability of the various players Banks, Mobile Payment Operators, Non-Banking Financial Institutions, Payment Terminal Providers, Card Acquirers, Government Institutions etc., and their customers to send, receive and process funds, documents and other instruments electronically through a common channel – NIBSS. NIBSS also ensures that the central switch facilitates the entry of new players into the financial industry to seamlessly plug into the financial services sector for easy operations thus creating a level playing field for all financial institutions and their customers.

InterSwitch Transfers

This transfer platform enables you electronically transfer funds from your account to accounts in any bank on the Interswitch platform in Nigeria. The beneficiary of the transfer receives value immediately..

NIP (NIBSS Instant Payment) Transfers

With the Nigerian Inter Bank Settlement System transfer option, you can send money from your account to any bank account in Nigeria. The transfer is instantaneous with the beneficiary receiving value immediately.