Access Bank (Ghana) Plc - Access Africa (2024)

AccessAfrica is a payment product designed to simplify Global payments by Person to Person (P2P), Business to Business (B2B), Person to Business (P2B), Government to Person (G2P) and any other payment activities/flows. It enables efficient and effective transfers including but not limited to school fees payment, remittances, merchant payments, e-commerce payments, trade payments, diaspora workers payments, etc.

AccessAfrica project has a Global aspiration but it is being delivered in phases with Africa as its immediate focus.

AccessAfrica allows customers initiate payments in the local currency of the initiating jurisdiction andthe beneficiary receives a direct credit to his account or cash in the local currency.

With AccessAfrica,the world is now closer than everas you canenjoy instant borderless banking.

Positioning Statement
AccessAfrica is a payment platform, an answer for individuals or businesses, who desire to carry out instant global payments.

Message
The world is now closer than ever.
Enjoy instant borderless Banking.

Features
Send in local currency and receive in local currency (LCY).
Send in USD and receive in local currency or a domiciliary account.
Online real time transactions.
Fast
Affordable
Convenient

Benefits
Easy payment initiation and receipt.
Speedy and straight through processing.
Secure payment solution.
Transparency in pricing and low cost to customers.
Easy tracking of transactions.
Use of local currency to effect cross currency payment especially for retail clients.
Elimination of risk associated with cash based transactions in the region.
Create an opportunity to maintain ties with family and friends.

FAQs

What is AccessAfrica?AccessAfricais a payment product for Person-to-Person (P2P), Business-to-Person (B2P), Business-to-Business (B2B) and Government-to-Persons (G2P) transfers, etc. It is owned and managed by Access Bank and currently live in all subsidiaries – (Ghana, Nigeria, The Gambia, Democratic Republic of Congo, Rwanda, Zambia and Sierra Leone) and expanding to other African countries soon. Payments using AccessAfrica are received instantly.What currency can I use in sending funds?USD or Local Currency (GHS)How do I get the daily applicable exchange rate? The rate is advised daily in our locations. What are the applicable fees? A. Ghana:
Account Holder:$5 Flat fee + 1% Variable fee on principal per transaction
B. For Nigeria & Subsidiaries:
Pricing will be reflected by each subsidiaryWhat are the approved means of Identification required for AccessAfrica?

Ghanaians	Foreigners
National Identification Card Other: Access Bank Account Number	International Passport only

In which currency will the beneficiary be paid?

The beneficiary will be paid in the currency as per request from the sender, subject to the local regulations of the receiving country.

Ghana - Cedi or GHS

See Also

Access Bank Plc

Nigeria – Naira or NGN

Congo – USD or Congolese Franc

Rwanda – USD or Rwandan Franc

Gambia – Dalasi

Zambia – USD or Kwacha

Sierra Leone – USD or Leone

What are the required documents for initiating this transfer?

The required documents are:

A duly completed AccessAfrica ‘Send Form”
A Valid ID

What are the standard required documents and information for receiving funds?Duly completed AccessAfrica “Receive Form”
- Valid ID
- Reference Code
- Test Question & Answer.
However, when account details are stated by sender, funds will be terminated into the specified account and therefore does not require the beneficiary’s physical presence.What minimum daily limit for sending funds through Access Africa at a time?The limits vary from one country to another in line with regulatory approvals.
Ghana - $10,000 per year/per customerDoes one need an account with Access Bank to Send or Recieve Money withAccessAfrica?No. Funds can be sent and received by both walk ins and account holders. These options are available to customers who wish to send and receive funds on the platform:

- Cash-To-Cash (Transfer by Walk-in sender to a walk in beneficiary)
- Cash-To-Account (Transfer by a Walk-in sender to an Account holder)
- Account-To-Cash (Transfer by an Account holder to a Walk-in beneficiary)
- Account-To-Account (Transfer by an Account holder to an Account holder)Can I only send and receive cash for AccessAfrica transactions?Besides cash-to-cash transactions, AccessAfrica can be transferred from Cash-to-Account, Account-to-Cash and Account-to-Account. This is the unique difference usingAccessAfrica.In what currency would I receive Access Africa?Customer will be paid in the local currency of the affiliate where payment is to be made. However, customers with FEA accounts can receive funds directly in USD to their accounts. For Other Bank transfers, customer will ONLY receive local currency.How long will it take for a receiver to access funds through Access Africa?Funds are available instantly upon receipt of theAccessAfricaReference Number. For Cash-To-Account and Account-Account transfers, funds are credited directly as soon as the transaction is approved. It is fast, easy and convenient.Can I do AccessAfrica from my bank account not domiciled in Access Bank?No. The service is available for ONLY Account holders and Walk-ins for nowWhat are sending and receiving costs?Sending cost is dynamic and in line with industry practice.There is absolutely no receiving cost (Unless the Sender chooses ‘Beneficiary Pays’ as the Fee Type)
AccessAfricais affordable at a benefit that cannot be compared with similar products.