ALAT By WEMA Bank: Nigeria’s First Digital Banking Service

The ALAT digital bank launched by WEMA Bank Plc is known as Nigeria’s first full digital banking service. According to the bank, ALAT represents the beginning of a revolution in the Nigerian bank industry, one where the needs of customers are met by using technology to provide cheaper, faster, and better services.

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ALAT Digital Bank App

By using the ALAT App, account opening/sign-up can be done in a matter of minutes (maximum of five minutes) from a mobile phone or your personal computer. WEMA Bank account holders can instantly fund their new account by using any existing local or international debit or credit cards that are available, in-app. The stress of visiting the bank branch or ATM is not necessary. The good thing is that debit cards are delivered at no cost to an account holder’s address in two business days, to any location in Nigeria.

Holders of ALAT Nigeria account have the opportunity of also enjoying a simple automated savings plan that will enable them to earn 10% annual interest (which is about 3 times the standard bank rate). Account-holders can also schedule frequent transfers (for example salaries or stipends to a loved one), and bills (for example your DSTV subscriptions) and feel relaxed by taking their mind off it.

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With the introduction of ALAT, WEMA Bank has offered Nigerians within the country and Diaspora, a bank that is designed to meet their needs. The digital bank service is expected to disrupt the banking landscape and it is driven by three pillars, namely; convenience, simplicity, and reliability.

Where To Download ALAT App

Currently, the app does not have support for Blackberry or Windows devices, but if you have an Android or iOS device and you wish to download the ALAT app, you can download it from the Google Play Store or Apple Store depending on the device you are using.

Are you making use of the digital banking service by WEMA Bank Plc already? Kindly share your experience by using the comment box below, so that we can have a cohesive dialogue ALAT by WEMA Bank digital banking service.