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Liberia: IB Launches Internet Banking Services
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The NEWS (Monrovia)
28 April 2008
Posted to the web 28 April 2008
Benjamin B. Sworh
Monrovia
As part of efforts to improve efficiency and productivity, the International Bank (IB) Liberia limited has launched the Small Message Services (SMS) for its customers in the country.
Performing the launch of the SMS on the main campus of the University of Liberia, Mrs. Christine Tolbert Norman said the services would make customers have easy access to their accounts on their mobile phones without going to the bank.
Mrs. Norman who is also member of the Board of Directors of the Bank, urged Liberians to take advantage of its new services and join the IB family.
She told the gathering that the launch of the SMS marked a new day in the history of Liberia's banking sectors, and called on the management of IB to create awareness to every sector of the society.
For his part, the Manager of Information Technology at the bank Eden C. Reeves told the students that the new services were convenient, reliable and time saving because, he said, it gives one an immediate access to accounts balances through mobile phone.
Reeves said SMS would enable customers to have immediate access to the banking information and prevent fraud, and noted that customers would be given Pin Code with digits numbers to browse through their mobile phones in order to access their accounts.
"You can stay home, or go on the beach and browse your phone to know your account balance without going to the bank," he said.
He admonished SMS customers not to panic because, according to him, they would be taught by employees of the bank how to access their account balances.
Mr. Moses G. Gbanyah, acting Operation Manager of IB narrated that customers can now open their SMS account with the amount of US$5 or LD$300.00.
He further intimated that students would be allowed to open their accounts with the amount of US$1.00 and LD$60.00 at the bank.
The IB Executive pointed out that besides the normal banking regulations, students would be allowed to withdraw four times monthly with an annum interest of 2%.
Gbanyah emphasized that the Services would only apply to SMS customers.
Also speaking, Comium Liberia Managing Director Monie Captan thanked the management of IB for the services and urged them to continue.
He observed that the establishment of such system was historical in Liberia because technology is a vehicle of progress in any nation.
"Let's think of the past; it was a period of inconvenient because it was very difficult to make a call. There is more convenience ahead of us; let us join IB to say you have entered the period of convenient. Technology brought progress, development and change in our lives," he said.
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He assured that his company would continue to associate with the bank.
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