Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,695,740 members, 6,354,640 topics. Date: Thursday, 24 June 2021 at 03:50 PM

USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow - Phones (2) - Nairaland

Nairaland Forum / Science/Technology / Phones / USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow (19507 Views)

Telcos To Block Millions From Mobile Banking Over Banks Debt / FG Wants Telcos To Establish SIM Swap Centres In All 774 Lgas / Leaked Memo Shows Banks Asked Telcos To Charge For USSD (pics) (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by prinsam30(m): 5:25pm On Oct 30, 2019
nonsense and thieving bank, how can I have a balance of 2K in my account and it gets deducted everytime they sent me interest rate of 4N, now my balance as I dey type this na is 1,254 naira


stupid bank
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Xisnin(m): 5:25pm On Oct 30, 2019
rainmoredays:
Good move.

But they have been secretly charging before
Not all of them.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Oluwapresley(m): 5:29pm On Oct 30, 2019
franzis:
funny .. ecobank that debits you 20naira Everytime u use their *326# to check ur balance

Before posting I checked and it has been scrapped. Try to confirm.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by prinsam30(m): 5:30pm On Oct 30, 2019
iamawara:


Yes oh. Na strategy..... That bank can over charge Sha. U will be seeing different alert charges, it's nothing for them to charge you 1k for no reason


ur very very correct, eco bank na serious scam
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by ThugBoat: 5:32pm On Oct 30, 2019
So na actually banks wan impose more charges on us after all the incoherent charges meted out to us on a daily basis? Not CBN or even NCC or the telecom companies!!! Still the banks!!! All Greedy MOFOs

That's not my problem though, my problem na say other banks dey implement new charges,
Access bank sef dey follow... After all their ubiquitous inexplicable charges.

Me anytime I meet the MD of Access Bank!!!

Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by YoungBlackRico(m): 5:33pm On Oct 30, 2019
I noticed airtel stopped all charges since the MTN saga. Bank is UBA
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by ladykolly(f): 5:34pm On Oct 30, 2019
Am i the only one access bank still charges when i recharge from my account.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by TheGreatThinker: 5:37pm On Oct 30, 2019
Guys I swear I tried it on MTN and it worked.

Ecobank don dey make sense grin

1 Like

Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by NGRsenate: 5:37pm On Oct 30, 2019
Ha. I feel these banks get a percentage of all USSD charges from telcos.

If you have used Ecobank ussd, then you’ll understand.

Let me explain.

I have a Firstbank account and when you need to make a transfer you simply dial *857*amount*account number#. Now, no matter the account number you put there, the Firstbank system will automatically know which bank’s account number it is and fetch the correct receiver’s details. All that’s left for you is to confirm by entering your pin code. Same thing applies for airtime recharge, just replace the account number with a phone number and they automatically detect which network it is.

With Ecobank, if you enter their short code -as claimed on their site and other resources-that is, *326*amount*account number# or *326*amount*phone number#, it will bring up their ussd base menu-everytime. Now see where using Ecobank’s ussd burns my airtime:

*326# base menu -> send and receive -> interbank transfer-> select your own account -> select which bank you’d like to transfer to -> enter account number -> enter amount -> confirm by entering pin number.

As you can see, there are 8 steps to follow and since the were charging an average of N3, that’s a whopping N24 just to make a transfer.

Mind you 2 out of 3 times, the transfer will always fail on the first try, making you try again the second time, that’s N48 gone. Their system always fails in the middle of a ussd transaction most times too so that’s more airtime sucked away. I can’t be the only one to have observed this, I’m sure there’s someone out there who has also noticed.

===================================


Also, what’s the rationale behind needing to have airtime on your line before you can buy airtime via Ussd
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by SenecaTheYonger(m): 5:39pm On Oct 30, 2019
I never see Ecobank on the news except for something good.

1 Like

Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Tiempo: 5:40pm On Oct 30, 2019
Nice one ecobank.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Mary93: 5:41pm On Oct 30, 2019
Oluwapresley:
Mr. Patrick Akinwuntan, the Managing Director, Ecobank Nigeria said Ecobank in its bid to promote and enhance financial inclusion would scrap the USSD charges for its customers henceforth.
He also charged other banks to follow suit and added that if there are no charges, Nigeria could attain 90 percent financial inclusion.

Source:
https://mobile.twitter.com/PAkinwuntan/status/1189129318259200000

https://www.vanguardngr.com/2019/10/financial-inclusion-stakeholders-urge-banks-telecoms-to-make-ussd-free/

https://mobile.twitter.com/ecobank_nigeria


Amazing stuff!����
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by maoolakanm(m): 5:42pm On Oct 30, 2019
I HOPE PEOPLE AT GTB ARE LISTENING.THEY WILL CHARGE YOU FOR EVEN CHECKING YOUR ACCOUNT BALANCE.THEY TAKE ALL SORTS OF CHARGES FROM YOUR MONEY.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Black11: 5:45pm On Oct 30, 2019
How true is this?
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Harrynight(m): 5:47pm On Oct 30, 2019
They will not allow him do this jus watch!
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by edoairways: 5:50pm On Oct 30, 2019
ursullalinda:
Wonderful news......but other banks will be looking @ them like "are you ok?"
They will loose customers for that singular act however Ecobank is a yeyetic bank.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Harrynight(m): 5:50pm On Oct 30, 2019
Access Bank has scraped theirs long ago
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by sylve11: 5:53pm On Oct 30, 2019
sammyj:
Good development. Hopefully other banks especially the leading ones will follow suits. Hit Like for total stoppage of USSD Payment and Share for it to continue

The way una deyy hustle for likes nor be here. Na food? cool

2 Likes

Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by sylve11: 5:54pm On Oct 30, 2019
prinsam30:
nonsense and thieving bank, how can I have a balance of 2K in my account and it gets deducted everytime they sent me interest rate of 4N, now my balance as I dey type this na is 1,254 naira


stupid bank


grin cool
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by sammyj: 6:00pm On Oct 30, 2019
grin grin tongue na food ooo
sylve11:


The way una deyy hustle for likes nor be here. Na food? cool
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Bolusticbolu(m): 6:13pm On Oct 30, 2019
Christmas came early ✌��������
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by opoorookagbon(m): 6:24pm On Oct 30, 2019
ECOBANK is one of the best banks in Africa, the wring perception should be corrected through media.

1 Like

Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by NGRsenate: 6:34pm On Oct 30, 2019
opoorookagbon:
What you said is actually not correct. A session which is 120seconds is just N20 but reduced to N4. You need not have credit on your line before you use the USSD. Maybe you were talking about when the service first started but that is what applies now.

When was the ussd thing scrapped? I’m sure it was in full effect as late as 2/3 weeks ago.

I doubt it is charged per session but per ussd menu that loads up.

I’ve had N22 on my phone before but after going through all the processes of transferring on Ecobank, it told me at the end that “the request cannot be completed because you don’t have enough airtime” so it definitely was not per session. I’m sure of that because I had to pay a merchant the day it happened and I was being hurried.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by ideaz: 6:53pm On Oct 30, 2019
I am good with SmarTransfa actually.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Oluwapresley(m): 7:00pm On Oct 30, 2019
NGRsenate:


When was the ussd thing scrapped? I’m sure it was in full effect as late as 2/3 weeks ago.

I doubt it is charged per session but per ussd menu that loads up.

I’ve had N22 on my phone before but after going through all the processes of transferring on Ecobank, it told me at the end that “the request cannot be completed because you don’t have enough airtime” so it definitely was not per session. I’m sure of that because I had to pay a merchant the day it happened and I was being hurried.

It actually got scrapped yesterday. Apparently, the MD made the declaration at a fintech conference yesterday.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by webngnews: 7:06pm On Oct 30, 2019
Hmmm
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Alexy2014: 7:11pm On Oct 30, 2019
I love this particular move by @ecobank, I hope other banks and telcos pick up the challenge also o
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Goalnaldo(m): 7:22pm On Oct 30, 2019
Honestly, as of last year, UBA and MTN didn't charge me for ussd transactions. Don't know of this year cause since the turn of this year, local man's account has been dry like dry season.
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by brainhgeek(m): 7:23pm On Oct 30, 2019
Stanbic bank and access can gulp all your credit and even give you failed transaction
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Cutehector(m): 7:41pm On Oct 30, 2019
AryaSand:
GTB will not see what their mates are doing now o. If it is to remove somebody's money fiam without any explanation, they won't hesitate. Abirun Bank!
eco bank dey learn for where gt dey
Re: USSD Charge Scrapped As Ecobank's MD Challenges Other Banks & Telcos To Follow by Nobody: 7:43pm On Oct 30, 2019
Cutehector:
eco bank dey learn for where gt dey

I tell you. Smooth Criminal of a Bank.

(1) (2) (3) (Reply)

Government Moves NIN-SIM Linkage Deadline To April 6 / Sim Card Welcome Back: My Agony At MTN Office / Share Your Experience As Regards Your Phones Purchased In SLOT?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 100
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.