Ecobank Woos Schools With Attractive Incentives for Fees Collection

By Dipo Olowookere

Schools have been urged to choose Ecobank Nigeria Limited as their preferred financial institution for fee payments and collections because of the exciting advantages the lender offers.

The Head of Consumer Banking at Ecobank, Mrs Korede Demola-Adeniyi, made this appeal while rolling out the special loan packages designed by the bank for its back-to-school initiatives.

Mrs Demola-Adeniyi said the financial institution created some packages for parents, guardians and schools in line with its overall strategy to support the development of the nation’s education sector.

According to her, there is a Banking-for-School pack for educational institutions to access working capital and loans. The features of this pack include easy fee collections, zero charges on collection accounts with EcobankPay, secure online banking with Omni Lite and cards for easy payments.

Speaking specifically on the loans available for the educational institutions, she noted that they could be accessed without bottlenecks as the bank has taken into cognisance the country’s current economic realities.

She added that Ecobank has optimised its digital platforms to make them convenient for school fees and other education-related payments.

“As a bank that is passionate about education, we are prioritizing the pedagogical needs of our customers at this period when schools resume.

“Children deserve to go to school, and we are making it easy for parents to provide them this basic right,” Mrs Demola-Adeniyi said, noting that Ecobank has demonstrated pedigree and expertise in fee collection, locally and internationally.

On the Back-to-School packages, the banker said the loan products would enable them to pay school fees for their children and wards for the 2023/2024 school year.

She said Ecobank’s digital offerings are targeted at reducing the financial burden on parents and students and facilitating the ease of payment of fees without hassles.

She listed the digital offerings to include Ecobank Mobile App, EcobankPay and Ecobank Online for contactless fee payment; personal loans and salary advance packages at competitive interest rates, international transfers for offshore school fees payment; and affordable remittance offerings.

Mrs Demola-Adeniyi also noted that families abroad who wish to send money home to help with fees can do so at zero charges on the Rapidtransfer app.