The International Bank of Liberia has launched SMS service

[img_assist|nid=7209|title=|desc=|link=none|align=left|width=100|height=67]The International Bank of Liberia (LB) launched the Small Message Services (SMS) for its customers. The authorities are urging that a new service will grant an easy access to the bank account via cell phones.

Mrs. Norman Christine Tolbert, a member of the Board of Directors of the Bank, while performing the launch was urging all the Liberians to join IB family and to try a new service. Use of this service guarantees an immediate access to account balances without any fraud. The security is based on PIN Codes, consisting of several digits that give the customers an opportunity to browse through their mobiles to access their accounts.

Opening of SMS account will cost the customers S$5 or LD$300.00, and students will be able to do this for US$1.00 and LD$60.00 at the bank. It was underlined that besides all the advantages students will be able to withdraw four times monthly with an annum interest of 2%. Also it was marked that all the customers will be taught how to use the new service and to access the accounts.   

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%.