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Skye Bank easing funds transfer

Skye Bank easing funds transfer

Exactly three months after the launching of the African Payment Service by Skye Bank within its network of subsidiaries in Nigeria, The Gambia, Guinea, and Sierra Leone, it has made the transfer of funds more convenient for customers.

Commenting on the use of the service, Alhaji Lamrana Barrie who is a frequent user of it said “I have been finding it difficult to transfer money to my business partner in Guinea and vice-versa but the day I tried Skye Bank’s African Payment Service, it has been convenient, cost effective, fast and have been boosting our business” he said.

Kenneth Onyeyi who trades in spare parts and electricals commented that he has sharply observed the growth of his business after using the service.” I have no headache in using the service and anytime I send money to my business partners in Nigeria to buy goods, it is done effectively with ease”

Mohamed Jabbie similarly expressed that even though he is not an account holder at the bank, but he has enjoyed transferring money to the Gambia for both business and domestic purposes. “The service is beneficial not only to business people, but to non business people as well as the risk associated with physical carrying of cash would be reduced drastically. Also the possibility of theft and harassments by border guards would be eliminated”. He stated.

The introduction of the African Payment Service by Skye Bank was done in order to boost trade and facilitate payment in the West African sub region. This service is opened to both account and none account holders. Added to that, the service is convenient, secure, cost effective, fast and reliable and has an enhanced security of transfer code via the use of scratch card.

The service which is a dollar denominated one, is devoid of exchange rate volatility and does not attract hidden charges as it would help in promoting trade on the African continent.

Apart from the African Payment Service, Skye Bank also offers exciting products like Skye Money Wise and Skye Rainbow. Skye Wise offers the individual the benefits of both the savings and current account with the use of non-clearing cheque book. Its features entail a monthly interest paid on account balances (1% above normal savings interest), and a zero COT on account. Skye Rainbow or Children banking has benefits like third party withdrawals, on line banking facility, issuance of cheques, dividend warrants and other forms of third party payments which is designed with special features that benefit parents seeking to save for their children’s education and other needs.

Ishmael Bayoh

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