CBE Updates Mobile Banking Service with Increased Transfer Limits and New Features

Date:

Share post:

The Commercial Bank of Ethiopia (CBE) has updated its mobile banking service, making it more convenient and accessible for customers.

One of the key changes is that all CBE branches can now provide services related to creating, resetting, and activating mobile and app services. This was previously limited to the branch where the customer opened their account.

The transfer limit through the mobile app and CBE birr has also been increased. Customers can now transfer up to 300,000 birr per transaction with a daily limit of 600,000 birr. The transfer limit to your own CBE Birr account is 30,000 birr per transaction, and the transfer limit to other CBE Birr accounts is 10,000 birr per transaction. The transfer limit to other banks is 25,000 birr per transaction, with a daily limit of 100,000 birr.

Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.
spot_img

Related articles

ADvTECH Expands into Ethiopia with $7.5 Million Acquisition of Flipper International School

In a significant move to expand its presence across Africa, JSE-listed private education provider ADvTECH Group has announced...

Safaricom Confirms No Coverage for Western Parts of Ethiopia in Next Phase of Expansion

During a visit by the House of People’s Representatives to its headquarters, Safaricom Ethiopia announced its next phase...

Commercial Bank of Ethiopia Moves to Establish an Investment Bank

The Commercial Bank of Ethiopia (CBE) is in the process of establishing an investment bank, a move aligned...

Ethiopia Set to Begin Electricity Exports to Tanzania via Kenya

Ethiopia is preparing to commence electricity exports to Tanzania through Kenya, marking a significant step in cross-border energy...