Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in the year 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were very rare. Its founders formed ETI with the objective of filling this vacuum.
The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI.
In October 1985, ETI was incorporated with an authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder being the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS.
Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.
What is Ecobank Mobile Banking App Service?
The Ecobank mobile banking service makes it possible for customers of Ecobank to have access to banking services right on the GO! No need to be in the banking hall all that’s required is a mobile device that is internet enabled.
If you operate an account with Ecobank Nigeria, you have access to a variety of convenient and easy banking services via your mobile phone (all models), as well as a Quick Recharge service.
Benefits of Ecobank Mobile Banking App
With Ecobank Mobile App, you can do the following:-
– Send money
– Pay bills
– Buy airtime
– Check your account balances
– Make transfers and more
This makes banking transactions and procedures easy and stress free. If you are a customer of Ecobank then this will really be a great one for you.
If you want to pay for anything offline, then the Ecobank mobile banking service is the best way to do that.
How to Enable Ecobank Quick Recharge in Nigeria
Quick Recharge is a quick and convenient airtime vending service which allows Ecobank Individual Savings and Current account holders recharge their mobile lines directly from their bank account by simply dialing a short code on their mobile device *326*Amount# then press send E.g. *326*1*100#
The e-wallet customers are not left out of this wonderful service. They can also recharge their GSM lines directly from their e-wallet accounts by dialing *326*1*amount#
Benefits of Quick Recharge
- Quick and Easy way to recharge your Mobile phone.
- Available 24 hours daily.
- Recharge up to N5,000 daily
- After successfully installing the App, exit the App store
- No additional transaction fees
- No PIN is required
- No enrollment is required!
Simply make sure that your mobile number is registered against your Ecobank account. This can be done by visiting any Ecobank branch.
How to Download the Ecobank Mobile App
The Ecobank Mobile App provides you with an easy tool with setup to manage your account and conduct transactions in simple steps.
- Go to the App store on your mobile device. (Nokia App store, Google Play, Blackberry App World & Apple App Store)
- Type the keyword “Ecobank Mobile” to find the Ecobank Mobile App and then click on “Install”.
- After successfully installing the App, exit the App store.
- Click on the Ecobank Mobile Icon on your mobile phone to launch the App.
- To authenticate your device, dial *326# using your registered number and perform a PIN change.
- Log in to the app to access your mobile banking.
- New Ecobank Mobile Users should click on the “New User” button to register.