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Diamond Bank Offers Naira Denominated Card
- By Rosemary Onuoha
- Published June 28th, 2010
- MoneyWorld
- Unrated
DIAMOND Bank Plc has stated that its Diamond Visa card is the only naira denominated card on the market.
According to the bank, a customer can use it in any country in the world, paying in any currency, and repayment at the end of the month can be made entirely in naira.
According to the bank, “At present, there is no other credit card on the market that is quite like ours. With other cards offered by local banks, any purchases you make overseas or from international internet sites must be paid back in US dollars at the end of each month.”
“So if you bought that book from Amazon.com or went on a trip to Dubai, you still have to find US dollars to repay your credit card when you get back to Nigeria. With our card, however, we convert your transaction to naira on the date you make it, at the central bank rate.
Meanwhile on money transfers services, Diamond Bank maintains that it offers convenient and smart ways of sending and receiving funds locally and internationally with services that include local and international transfer.
On local transfer, the bank stated that customers can send and receive funds at their convenience within Nigeria using Diamond money transfer service while on international transfer; customers can receive funds from abroad via Western Union Money Transfer service.
As regards the Diamond money transfer, the bank explained that it is a domestic money transfer service initiated either through the DB branch (Branch Channel) or customers mobile phone (Mobile Money Transfer).
Explaining what the branch channel entails, Diamond Bank noted that account holders and non-account holders’ walks into any DB locations to send or receive money within Nigeria. No limit on amount transferred while the Mobile Channel (Mobile Money Transfer) enables account holders created on mobile banking to use their phone to initiate money transfer for beneficiaries who do not have accounts in the bank.
“At Diamond Bank, customer satisfaction is a principal goal and thus, we ensure our customers are adequately attended to. In terms of timeliness of transaction, Diamond Bank is a well grounded pioneer in the realm of inter-regional transfers, having institutionalized integrated banking in Nigeria,” the bank stated.
According to the bank, a customer can use it in any country in the world, paying in any currency, and repayment at the end of the month can be made entirely in naira.
According to the bank, “At present, there is no other credit card on the market that is quite like ours. With other cards offered by local banks, any purchases you make overseas or from international internet sites must be paid back in US dollars at the end of each month.”
“So if you bought that book from Amazon.com or went on a trip to Dubai, you still have to find US dollars to repay your credit card when you get back to Nigeria. With our card, however, we convert your transaction to naira on the date you make it, at the central bank rate.
Meanwhile on money transfers services, Diamond Bank maintains that it offers convenient and smart ways of sending and receiving funds locally and internationally with services that include local and international transfer.
On local transfer, the bank stated that customers can send and receive funds at their convenience within Nigeria using Diamond money transfer service while on international transfer; customers can receive funds from abroad via Western Union Money Transfer service.
As regards the Diamond money transfer, the bank explained that it is a domestic money transfer service initiated either through the DB branch (Branch Channel) or customers mobile phone (Mobile Money Transfer).
Explaining what the branch channel entails, Diamond Bank noted that account holders and non-account holders’ walks into any DB locations to send or receive money within Nigeria. No limit on amount transferred while the Mobile Channel (Mobile Money Transfer) enables account holders created on mobile banking to use their phone to initiate money transfer for beneficiaries who do not have accounts in the bank.
“At Diamond Bank, customer satisfaction is a principal goal and thus, we ensure our customers are adequately attended to. In terms of timeliness of transaction, Diamond Bank is a well grounded pioneer in the realm of inter-regional transfers, having institutionalized integrated banking in Nigeria,” the bank stated.
