Afriland First Bank Review
Best Customer Service Bank
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Bank Checking - 9/109/10
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Bank Savings - 9/109/10
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Bank CD's - 8/108/10
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Bank Placement Account - 9/109/10
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Bank Mobile Banking - 8/108/10
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Bank Business Financing - 8/108/10
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Bank Customer Service - 9/109/10
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Bank Security - 9/109/10
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Bank Locations - 9/109/10
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Social Responsibility - 10/1010/10
Summary
Afriland First Bank opened its doors in Cameroon in 1987, under the name “Caisse Commune d’Epargne et d’Investissement” (CCEI), or Joint Savings and Investment Fund. Its first counter was opened and became operational on July 1st, 1988 at the now Retraite Branch located in Yaounde.
Up to date, the bank counts about forty (40) branches in the ten (10) regions of Cameroon despite the country’s unfavorable economic situation and the general tendency of banks going bankrupt.
Afriland First Bank at Glance
Afriland First Bank opened its doors in Cameroon in 1987, under the name “Caisse Commune d’Epargne et d’Investissement” (CCEI), or Joint Savings and Investment Fund. Its first counter was opened and became operational on July 1st, 1988 at the now Retraite Branch located in Yaounde.
Up to date, the bank counts about forty (40) branches in the ten (10) regions of Cameroon despite the country’s unfavorable economic situation and the general tendency of banks going bankrupt.
Their values ranged from Work – Courtesy – Humility – Equity – Liberty to Accountability. Their progress has been steadfast, strong and stable.
Afriland First Bank checking
Afriland First Bank’s checking account ranks among the best, thanks to no monthly maintenance fees, no overdraft transfer service fees, free incoming wires, ATM reimbursements nationwide, and free checks. Customers can enjoy all of these freebies along with a starting APY of 0.10 percent. Afriland First Banks’s non-sufficient funds fee is also one of the lowest at 4500 FCFA — compared to the national average of 7000 FCFA — ensuring account holders won’t see balances quickly depleted due to overdrafts.
Afriland First Bank savings
The average savings account rate in Cameroon is currently around 0.99 percent APY. Afriland First Bank’s savings account offers a significantly higher 1.5 percent APY along with no monthly maintenance fee and low minimum deposit requirement, making the savings account one of its top features. The account is also highly accessible — customers can deposit checks using Afriland First Bank check deposit and schedule transfers between both Afriland First Bank saving account and others Afriland First Bank account type.
Afriland First Bank Products
Taking into account all term lengths, tAfriland First Bank has:
– Personal Banking
. Bank Cards (i-card, Visa, Master Card)
– Companies Banking
Afriland First Bank Placements accounts
The Afriland First Bank Placements Account also ranks among the best because of its combination of high-interest rates, perks, and transparency. With no maintenance fees and a competitive rate of 0.85 percent APY, the placement account is also top notch.
Chase Bank mobile banking
Afriland First Bank’s banking services are mobile-friendly — meaning account balances, transfers, and automatic bill pay are all easily accessible from your smartphone and tablet. E-First deposit also allows for the simple addition of funds to your account.
Afriland First Bank’s SMS feature, accessible online and from the mobile platform, allows for easy notification with a valid email address or phone number — no exchanging of bank account information required.
Afriland First Bank Business growth financing
Their banking units are working to build the operational capacities of micro-enterprises that are generally sidelined from the bank loan circuit as a result of their small size, even though they are job-creating institutions. In order to meet their debt financing needs, they developed a range of micro-institutions. Their activities target various sectors, all aimed at improving living conditions and creating wealth.
Their interventions may be in the form of:
- financing the debt of micro-enterprises;
- financing applied research in the micro-enterprises sector;
- training of micro-entrepreneurs;
- constant monitoring.
Afriland First Bank customer service
Part of that new and better banking experience includes a dedicated customer service.
They have perfected a call center referred to as “Call First”, aimed at providing immediate and suitable answers to your requests, through a remote relationship. Dial the number 8050 and access the following remote services:
- Information on the services and products offered by the bank;
- Taking an appointment with your account manager well in advance;
- The geographical location of the bank’s automatic teller machines;
- Advice on decision-making…
At any given time, you can call for any inquiry.
Afriland First Bank security
Unfortunately, online and mobile products suffer from a stigma of perceived security risk. That security risk is just that, though: perceived. Online banks implement strict measures to keep financial data out of the hands of strangers and are insured, offering your funds the same level of protection as any traditional banking method. As it is, any bank worth banking with has some kind of online and mobile access. Your assets are no more vulnerable online than they are at any major brick and mortar. These days, every bank has some online and mobile activities. Even if you choose not to take advantage of online features, your bank no doubts conducts its own transactions across the internet.
Limitations
One of the caveats at Afriland First Bank is the lack of interaction with other local banks. Also, long queue in main branches is a problem worthwhile looking at and improving. The E-First should evolve to consider using check deposit online ie scan, uploaded a processed (at least for certain threshold). Afriland First Bank is also limited in its online product offerings, with fewer services compared to major brick-and-mortar banks — no mobile Apps and minimal services for small businesses. But when it comes to basic, personal banking — checking, savings and money-market accounts — top rates of return coupled with minimal fees make Afriland First Bank an obvious choice.
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