Western Union, VIGO and MoneyGram Money Transfers
These remittances are received from any part of the world and paid to the beneficiaries at any NIB branches nationwide. Beneficiaries only need to show a proof of identity to collect the…
Welcome to a world of infinite possibilities with NIB’s International Debit and Prepaid MasterCard products, which offers cardholders better convenience, security and control.
Enjoy a priceless payment advantage across multiple channels…
NIB issues Letters of Credit (LCs) on behalf of clients. An LC is a written assurance of a bank (the issuing bank) on the instruction of the applicant (purchaser) to the beneficiary (seller) to pay a specific amount in the agreed currency …
The Bank also undertakes Documentary Collection on behalf of its clients. Documentary collection is the instruction of the seller (drawer) to his bank to collect the value of the documents from the purchaser (drawee) by handing over the do…
This is the type of arrangement where the drawer (seller/exporter) presents the agreed shipping documents to his or her bank (i.e., the remitting bank) immediately after the dispatch of goods and instructs the presenting bank to collect th…
In case of D/A the drawee (buyer/importer) does not have to pay at sight but to accept an issuance draft (Bill of Exchange) drawn on him/her by the seller. The seller can require that, the accepted draft to be returned to him/her or kept i…
This is the most basic mode of payment for goods. The supplier receives cash from the buyer before the goods are shipped. Advance payments of up to USD 50,000.00 per importer can be made as allowed by the BoG regulation, but should be regu…
This is a credit relationship in which the buyer pays upon the receipt of goods or on deferred payment basis. An open account transaction is a sale where the goods are shipped and delivered before payment is due, which is usually in 30 to …
The Bank also offers Outward Transfers services for its numerous clients. These transfers are usually used for the payment of school fees, medical bills, subscriptions and living expenses among others.
Ghana Water Bills Payment
Ghana Water Company customers can pay their water bills through any NIB branch nationwide. Payments are instantly credited into Ghana Water Company Limited.
Student Loan Trust Fund Repayment (SLTF)
NIB, in partnership with SLTF provides an easy way for the re-payment of Students Loan. This platform enables students to re-pay their loan facilities through any NIB branch nationwide.
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Redemption of NLA Winning Coupons
NIB facilitates NLA lottery winning ticket payments at NIB Branches. Winners can present their winning coupons with valid photo identity cards and they are paid their prize monies at any NIB branch.
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Domestic Money Transfer
NIB provides fast funds transfer to other NIB accounts and account with other Banks. With our Wide Area Network (WAN) system this is done instantly or within the day. There are no service charges for NIB account …
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