BrandArena: Diamond Bank partners MTN Nigeria to introduce the Diamond Yello Account

Thursday 14 August 2014

Diamond Bank partners MTN Nigeria to introduce the Diamond Yello Account

Diamond Bank in partnership with telecom operator, MTN Nigeria, have introduced a new financial service called, the “Diamond Yello Account”.

The DIAMONDY’ELLOACCOUNT (DYA) offers our customers a safe and easy means of opening and operating a FULL bank account from the convenience of their MTN Mobile phone, without the hassles of tedious documentation requirements (all registered MTN customers are automatically eligible) or the difficulty of finding or getting to bank branches, as the product is easily accessible through our network of Agents.

The Managing Director and Chief Executive Officer of Diamond Bank, Dr. Alex Otti, said the move was aimed at deepening the cash-less initiative, which showed that only about 40 million out of the estimated over 150 million Nigerians have been banked.

He noted that the development would afford millions of Nigerians who have mobile phones but are alienated from banking activities due to procedures to seamlessly key into the formal banking system.

With the DIAMONDY’ELLOACCOUNT, customers will enjoy: the convenience of opening a full bank account without the need to visit a bank branch to fill forms or provide any documentation; easy access to bank services through our network of Agents for deposits and withdrawals: a full bank account with interest payments on
account balances and the convenience of applying and receiving loans from their MTN Mobile phones.

Other opportunities inclde: the ability to send and receive money to and from any bank account in Nigeria and also to non- account holders.

To open an account in just a few seconds! Simply dial *710# and select your PIN.

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