When you have selected a preferred code to be used as your Ecobank transfer code, the next thing to do is to get it registered. but choosing a transfer code is not often the first thing to be done in the process of registration. Your transfer code is perhaps the most important thing about your account because it gives direct access to your account. Even banks warn that customers should never share that code with anyone, not even with the personnel of the bank it accounts manager. It is strictly a private thing that should be everyone’s customer’s little secret.
But going into the processes involved in registration, there are some things that are required for the successful registration of your transfer code. Note that the transfer code is a four-digit number that enables account owners to directly access their account for financial transactions.
1. Phone
You need a phone to be able to register your transfer code. It can be either an Android or smartphone with internet access. Both methods can be effectively used to register your transfer pin without stress. It is a matter of preference for bank customers.
2. SIM card connected
With your SIM card connected to your mobile phone, it is easy to access and operate your account if your account has been linked to a phone number.
3. Registered accounts
You have to own an account with Ecobank to be able to own and register a transfer code.
4. Debit card
it is compulsory that you have a debit card because debit cards have numbers and unique identifier details that are required while registering a transfer pin.
So, if you possess all these requirements, it’s time to start registering your transfer code.
1. Dial *326#
Dial *326# on your mobile phone or smartphone. you’ll get an on-screen prompt to direct you to the steps for registration of your transfer code.
2. Select create pin
Many service options will be provided for the user. Among them, will be the create pin option, select it.
3. Provide account details
The next option will require that users enter their account details such as account number or portions of the digits on the debit card.
4. Pin creation
The all-important next item is for the user to create a pin. Here the unique four-digit transfer code that was earlier envisioned will be entered. it can be provided by tapping on the numbers and alphabets on the onscreen keyboard.
5. Confirm pin creation
Now retype the transfer pin that you choose again to confirm the transfer pin registration.
Importance of registering your Ecobank transfer code
Unique identifier
Banks do not allow more than one customer to use a code for transfer. Registering enforces that by showing that you are the only person using the pin for transfer. If any other person tries to use it with a debit card or bank account from your bank, it will decline confirmation of the registration prompting the person to select another pin as the transfer code. That is how the bank links your pin to you alone.
Transaction Authorization
When you are doing online transactions, there is no way to input your signature to authorize a transaction or transfer like when you are in the bank and want to do a transaction. So, the only valid way to authorize a transaction is your chosen pin which has been registered by the bank and linked to your account. Transfer pins are for phone transfers while signatures are for transfers that take place in the bank.
Fraud detection
Repeated false bank transfer pins are considered warning signs by banks and other financial institutions because they believe that account owners should know their pins. An attempt by fraudsters to gain access to your account can be identified through multiple transfer pin inputs. Most banks immediately restrict access to the account when there are multiple transfers in input.
Customer loyalty
By allowing you t have easy and greater control over your account banks are trying to create a sense of ownership in customers which can result in a higher level of customer loyalty. As customers become more loyal, they will invest more in the bank and banks will trust them with more financial services. Customer loyalty towards banks often leads to a win-win relationship.
