Business News Tue, 30 Oct 2018

GCB/RIA direct to account transfer takes off

GCB Bank has begun offering direct transfer of RIA International Money Transfers to beneficiaries’ account.

Dubbed RIA Direct to Account (RIA – DTA) the service makes it possible for funds to be transferred into a GCB Bank account seamlessly within 10 minutes, without any human intervention.

GCB/RIA Money transfer business was launched on 6th October 2015, offering in-branch or over the counter services only, following a partnership agreement between our Bank and RIA International Money Transfer.

The DTA is an innovative initiative aimed at offering convenience to our customers 24/7. The initiative gives the Bank the needed competitive edge to compete effectively within the money transfer market space.

With this service, GCB customers registered on the Bank’s mobile banking platform will receive instant credit alert and they can conveniently use any of GCB’s e-channels to withdraw, make payments or move the funds.

Commenting on the partnership, Managing Director of GCB Bank, Anselm Ray Sowah stated that GCB bank has the largest branch and ATM network, most robust IT system and an array of alternate channels of service in Ghana, this makes it the Bank of choice for money transfer organisations worldwide, RIA included.

“We believe that, remittance is about connecting families, building relationships, sharing love, helping to realize dreams and delivering hope to millions of people around the world and this partnership aims at making it faster and convenient for GCB Account holders no matter their location,” he added.

GCB Bank is Ghana’s largest indigenous bank with over 180 branches and 300 plus ATMs nationwide. In 2017, the Bank was awarded the Best Money Transfer Bank in Ghana and the Safest Bank in Ghana by RIA.

In 2018, the Bank was awarded the Most Compliant Bank in Ghana by the Association of Certified Compliance Professionals Africa (ACCPA).

Source: GCB