FCMB Now Offers Loans For Airtime Purchase

An innovative product called FCMB Airtime Advance has been unveiled by First City Monument Bank which allows customers to borrow funds from their bank accounts.

A statement from the bank indicates that it allowed borrowings ranging from N200 to N5,000 directly from their bank accounts for the purpose of purchasing airtime, regardless of their financial status.

“This solution aims to provide immediate relief to customers in urgent need of airtime for phone calls, text messages, and other essential communication activities,” it stated.

With FCMB Airtime Advance, customers would no longer have to worry about how to top up their airtime, the bank stated.

It said, “Eligible customers, including those with or without existing FastCash loans, can access the airtime advance by dialing FCMB’s USSD code *329# or using the loan string 32911#.

“The loan comes with flexible repayment cycles, and the repayment amount is deducted from the customer’s account balance.”

At the product launch in Lagos, the Managing Director of FCMB, Mrs Yemisi Edun, expresed the bank’s commitment to providing assistance to as many people as possible.

The Divisional Head of Personal Banking at FCMB, Mr Shamsideen Fashola, expressed the significance of the airtime advance, describing it as a necessary product.

He noted that the inability to purchase airtime, leading to communication limitations and the embarrassment of call disconnections due to insufficient airtime, would be eliminated by FCMB’s Airtime Advance solution.