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Saturday, August 24, 2013

Internet Banking: Zenith cautions on software token

The Zenith Bank plc has sounded yet another warning to its teeming customers on the Internet banking, especially on the use of its software token.

This is coming as ITRealms reports that Zenith Bank announced the reduction of transfer limit from N50,000 to N20,000.

In addition, Zenith Bank says that from January 1st 2014, the use of the software token will be discontinued for all internet banking transactions.

In a mail sent to Zenith Bank customers and made available to ITRealms, read thus:

“Dear Valued Customer,

“Please be informed that the daily transfer limit for the software token on internet banking has been reduced from N50,000 to N20,000. Consequently, only hardware tokens will now be used to authenticate transfers above N20,000 on internet banking.

“In addition, from January 1st 2014, use of the software token will be discontinued for all internet banking transactions.

“Kindly request a hardware token if you do not have one already. It is more efficient and secure, and enables you make transfers up to two million Naira, daily. There is no limit to the number of transfers you can make, so long as the maximum daily limit is not exceeded.”


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4 comments:

albina N muro said...

In addition, Zenith Bank says that from January 1st 2014, the use of the software token will be discontinued for all internet banking transactions. Get Some Dosh

Unknown said...

Also, if you entered the giveaway, I'll be emailing you as well with a small token of my appreciation. Ian Hepworth

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