Merger: Access, Diamond Banks offer free ATM services to customers
Access Bank Plc and Diamond Bank Plc customers will from today have access to 3,100 Automated Teller Machines (ATMs) that will provide free and seamless banking services to them.
This follows the planned merger of the two Systematically Important Banks (SIBs) which is expected to be concluded in the first half of this year. The merger of the two lenders will give their customers access to the largest ATM network in the country.
According to the two lenders, starting from today, their customers will have access to 3,100 ATMs free of charge.
“Access Bank and Diamond Customers now have access to over 3,100 ATMs free of charge. This means that from January 1, 2019, you can use any Diamond Bank ATMs without paying the usual charges that apply on withdrawals from other banks’ ATMs. We are closer to you than ever before,” the bank said in a statement released on Monday.
The Central Bank of Nigeria (CBN) had last month, gave a “No Objection” nod to the merger plans of Access Bank Plc and Diamond Bank Plc, the boards of both banks said yesterday.
The deal is expected to be completed in the first half of this year.
The merger will form a leading Tier 1 Nigerian bank and the largest bank in Africa by number of customers, spanning three continents, 12 countries and 29 million clients.
The combination of our two businesses will create the largest retail bank in Africa by customer base and a very significant player in the Nigerian market. This is a huge step towards the delivery of our goal to bring the power of banking to millions of people across Nigeria and an exciting transaction for Access Bank and Diamond Bank’s customers, staff and shareholders.