Polaris Bank says money transfer customers across the country stand to earn extra cash rewards in Naira whenever they receive their International Money Transfers either as cash at any of its branches or directly into their USD accounts.
The bank announced the good news to its International Money Transfer customers in a statement it issued on Friday.
The reward, which is open to new and existing customers of the Bank, seeks to give back to customers who regularly receive their remittance through the Bank from family and friends in the diaspora.
In a statement to its customers, the Bank stated that beneficiaries of money transfer who receive their transfers from abroad in Polaris Bank from December 1, 2021 to January 31, 2022, stand a chance to win extra cash rewards as well as the Central Bank of Nigeria N5/$1 incentive paid with every transfer in line with the policy.
New customers receiving transfers at selected branches will also be rewarded with token gift items during the period.
Moreover, beneficiaries can receive their funds in dollars within minutes at any of its branches or directly into their existing USD domiciliary accounts.
Customers who do not have domiciliary accounts can also open a USD wallet instantly simply by dialing USSD code: 83300#.
Customers who already operate Naira accounts and do not have USD accounts will also have a USD account opened automatically if they receive directly into their accounts in the Bank.”
The statement also noted that the Bank’s relationship with leading licensed global money transfer operators makes it easy for customers and non-customers to receive money through the Bank.
Some of the Bank’s remittance partners include Western Union, MoneyGram, RIA, WorldRemit, Remitly, SmallWorld, Funtech and BossRevolution.
With the Bank’s large network of over 250 branches and dedicated money transfer locations across major cities, the option of receiving transfer through Polaris Bank has become convenient for beneficiaries.
Statistics show Nigeria is ranked as the fifth largest receiver of diaspora remittances globally with an estimated $25 billion in remittances received annually from over 15 million Nigerians in the diaspora.
Polaris Bank, adjudged the 2021 Digital Bank of the Year, is a future-determining and digitally-driven Bank committed to delivering industry-defining products to individuals and businesses.