Are you tired of Zenith Bank?: Consider trying out Eyowo Mfb

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We can all agree that recently,  commercial Banks have been the worst to use, a good example is zenith which has been down by about 40 to %50 times and this can be frustrating, imagine hanging out with friends, buying drinks and snacks only for your Bank's ussd and Bank to stop working ouch😂.

    Today permit me to introduce you to a bank I trust, a bank I have been using since launch and haven't been disgraced, introducing:

• Eyowo MFB 

A revolutionary Bank of the 21st century, Eyowo MFB was founded by Omoseindemi Olobayo in 2017 by a Nigerian firm Softcom, with the primary duty of promoting easy access to money without creating bank accounts, became a microfinance Bank in 2019.

• Zenith Bank 

A top player in the merchant banks industry, Zenith Bank Plc was founded in May 1990 and started running as a commercial bank in July of the same year. On June 17, 2004, the Bank became a public limited company, and on October 21, 2004, it was listed on the Nigerian Stock Exchange (NSE).

    It has since then been a top player in commercial Banks.

Zenith vs Eyowo MFB

Lately, Digital Banks have been a better option over commercial Banks as they are Faster, more reliable, and more convenient, they have lower or no fees, and even give higher interest on savings.

    While commercial Banks on the other hand have been at their worst, for example, 

Zenith Bank as at the time of writing this article, I haven't been able to receive Money, send or even pay Bills.

        Let's take a good reason why zenith you should consider switching to Eyowo:

Reasons why you should choose Eyowo over Zenith Bank

1. Convenience:  Have you ever made withdrawals from a POS terminal and got charged for a failed transaction? been a zenith Bank user here are the rules:- Wait 24 hours for a possible reversal and if it doesn't come after then you will have to go back to the Zenith bank branch near your and fill out a long dispense error form, and then wait for weeks for a reversal of your Money.                                                                                                                                                                                                        - While Eyowo Bank users will simply open their Eyowo MFB mobile app, click the failed transaction, and click Dispute a customer service personnel will escalate and you will be refunded in minutes.                                                                                        
2. Stability: The major problem faced by most commercial Banks is Network instability, this isn't limited to Zenith bank alone, and the likes of First bank, Acces bank, Fcmb, etc.                                                                                                                   -Digital Bank are not totally immune to downtimes, they rather experience fewer downtimes and they  are mostly pre-informed                                                                    
3. Fees: Zenith Bank charges N10 charge for a transaction below N5000; N26 for the transaction of N5001 to N50,000 while transactions above N50,000 will be charged N50. And also charges Stamp duty, ATM maintenance, SMS, and account maintenance.                                                                                                                                   -While Eyowo MFB charges N0 for all transfers, no Stamp duty charge, and no account maintenance charges. Zero charges Bank.                                                                                                     
4. Interest: 
   
   
   Zenith Bank gives an interest rate % of 6.65 P.A                                                                           -While Eyowo gives a whooping %13 P.A

Download Eyowo MFB Now 

    There are numerous benefits of switching from a commercial to a digital Banking system, The above are a few of many of them.

CONCLUSION

    We at Naija reviews are not in any way trying to defame Zenith Bank PLC, this is a review of generated data from customer feedback from both banks.