Ecobank Mobile app transfer limit

Ecobank Mobile app transfer limit

Ecobank is one of the leading banks in Africa, with a presence in over 30 countries on the continent. The bank offers a range of financial products and services to its customers, including online and mobile banking. With the Ecobank Mobile App, customers can easily carry out various transactions from the comfort of their mobile devices. One of the features of the app is the ability to transfer funds to other accounts.

Ecobank Mobile app transfer limit

In this blog post, we will discuss the transfer limit for the Ecobank Mobile App and what it means for customers.

The transfer limit for the Ecobank Mobile App varies depending on the country where the account is registered and the type of account held by the customer. In general, the transfer limit for the app ranges from a minimum of N2,000 to a maximum of N1,000,000 (or its equivalent in other currencies). This means that customers can transfer as little as N2,000 and as much as N1,000,000 per transaction.

It is important to note that the transfer limit is not the same as the daily transaction limit. The daily transaction limit refers to the total amount of money that a customer can transfer in a day using the app. The daily transaction limit for the Ecobank Mobile App also varies depending on the country and type of account. In most cases, the daily transaction limit is higher than the transfer limit, which means that customers can make multiple transactions up to the daily transaction limit.

To increase the transfer limit or the daily transaction limit, customers may need to provide additional information and go through a verification process. This is done to ensure the security of the customer’s account and to prevent fraudulent activities.

In addition to the transfer limit, the Ecobank Mobile App also has other security features to protect customers’ accounts. Customers can set up a four-digit PIN or a fingerprint for quick and secure access to their account. They can also receive notifications for every transaction and set up alerts for suspicious activities.

In conclusion, the transfer limit for the Ecobank Mobile App is designed to protect customers’ accounts while still allowing them to carry out transactions conveniently. The limit varies depending on the country and type of account, but customers can increase it by providing additional information and going through a verification process. The app also has other security features to protect customers’ accounts from fraudulent activities. Customers can enjoy the convenience of mobile banking with the assurance that their accounts are secure.