Diamond Bank’s impending merger with Access Bank means the bank’s customers in addition to retaining their use of Diamond Bank’s products such as Diamond Xtra, and Diamond Yello Account can now use AccessAfrica services.
The banks had recently commenced cross usage on their ATMs without charges.
Access Africa is a payments and remittance product that facilitates the free flow of funds across the globe and is designed to serve all customer segments.
It is owned and managed by Access Bank and other accredited agents in countries where Access Bank is present.
You do not need to have an account to do cash to cash Access Africa transaction.
However, for account to cash and account to account transactions, you are required to have either an Access Bank or Diamond Bank account.
For Cash-to-Cash transactions, funds are available instantly upon receipt of the AccessAfrica Secret Code. While Cash-to-Account or Account to-Account transactions are online and real-time as beneficiary gets credited immediately sender initiates transaction. It is fast, easy and convenient.
To send money, all you need to do is fill the form and have a valid ID and BVN. To collect funds all you need are a duly completed “receive form”, valid ID, Reference code, Test question and Answer.
The merger is expected to be completed by April 2019, subject to regulatory and shareholder approval. Extraordinary General Meetings (EGMs) for both banks are billed to hold on the 5th of March, 2019.
On conclusion, it may become Nigeria’s largest bank.
Diamond Bank closed at N2.40 in yesterday’s trading session on the Nigerian Stock Exchange, unchanged from the prior day. Access Bank closed at N7.10 yesterday, up N0.10 or 1.43%.