Do it yourself

Did you know hackers now have  another new way to wire all your money from your bank account or use your account to secure a loan?   Have you ever witnessed a situation where money is deducted from an account without the account holder's consent and without the use of a debit card?   It is quite rampant in the society!   It is called sim transaction and is mostly carried out by local hackers. This is quite possible provided you do receive bank alert on your that your sim you registered with the bank.     We have witnessed some instances where bank's customers complained about their money being wired or deducted from their bank account without knowing exactly how it happened.   Sometimes we ourselves can be inviting those hackers to come and hack our account without us knowing.   When you think you can not memorise your account details off hand and even your ATM card details but you save such sensitive details on your phone, then you're stylishly drawing the attention of tho

One of the ways by which we can source for funds to finance our project be it a short term, medium or long term is through loan.    Loan is when you borrow money and agree to repay it within a stipulated period of time and at a fixed interest rate.    Some people find it hard to secure a loan from their banks while some pay a high interest on the secured loan making it a burden on their part.  Are you trying to secure a loan, but you don't have collateral to provide or the interest rate is too high?  I'm happy to inform you that there are now some loan applications that allow you to borrow funds and repay at a stipulated time with its interest.      Let's now be taking them one after the other.    1 .      LCREDIT   This application offers you to borrow money online with a flexible repayment plan and favourable interest rate.    It offers loans from #5,000-#50,000 with the interest rate of 0.1 up to 1%.  Loan period ranges from 91-180days.   The interest rate is calculated

Banking services have been made easy in different ways. You don't need to go to the bank to perform some basic financial transactions unless you just feel like, doing an exercise or have a complaint that you want to lodge. This post is written for the customers of the bank who have been willing to know their bank short codes all this while in order to enjoy more financial services without their bankers' assistance.   The USSDs are designed to perform many transactions. Some of the transactions are to send money, pay bills, open an account, check your account number, manage your account, purchase airtime, pay for subscription, purchase data and also change or reset your pin.   I compiled some of the Nigerian bank's USSDs for the betterment of everybody. Meanwhile, if you can't find the short code of your own bank in the list, please be patience as this list will be updated often as more researches are being done. Let's get down to business. this list is compiled alp

Bank is now taking their services to your doorstep with the introduction of Mobile Banking. Have you ever sat down and imagined how this world would have been without the introduction of many technological innovations   I bet things would have got very boring without those innovations. It will be an understatement saying technology is good rather, technology is the best in this our generation.   If you can sit down anywhere in the world and have the opportunity to perform different financial services be it on your phone, tablet or laptop.   One of the trending products of a financial institution now is a mobile banking.    It is designed for its users so as to enable them perform many different transactions without their banker's assistance.   You can use mobile banking to transact in different ways such as  sending or receiving money, payment of bills and cables, purchase of airtime, having access to mini statement of account, purchase of data bundle, without necessarily going to

The only way you can be regarded as a bank customer is simply by having an account with the bank. Without this, you can only enjoy the banking activities not as its authentic customer, rather as a third party. The banking business nowadays is the one that mainly influences the economy They accept deposits from the surplus units and channel those funds to the deficit units thereby controlling the flow of money in circulation in the economy. B ank has both financial and investment activities its carries out daily. Let's explain some of these functions performed by bank for b etter u nderstanding!   Ba nk Accepts D eposit from You Have you ever wondered why people stopped keeping money under their pillows?  It's because there are now banks everywhere where you can conveniently keep your money without the issue of theft. B ank will just accept such funds from you and lend it out to those who need them.   The Deposit Accepted from You Are Lent out That&

 It is good to know exactly the type of bank account we are opening now to avoid any unforeseen circumstances in the future after we may have been enjoying the benefits of having an account with the bank rather than saving our money under our pillows. It's not a good thing to have a bank account with the bank without knowing the major purpose for opening such a particular account. Only a very few know how their account is operated while some do not bother to know.   In spite of this, I wrote this post to enlighten bank customers and other potential customers who may want to know how different bank accounts work in order to select the one that really suits their purpose.   To start with is, the Normal Savings Account Do you want to save now and withdraw it any time you feel like without informing your bank? If that is what you want then, this type of account works for you. This is the most popular account as you can open it without having any amount of money as initial deposit.