Diamond Bank Plc in its tradition of providing tailored financial service solutions to the banking needs of its customers has developed a new product - Diamond Money Transfer aimed at easing the trouble some people pass through in sending money to their loved ones or for business purposes.

According to a statement by the bank, the product is a domestic money transfer service available for both customers and non-customers of the bank to send and receive money within Nigeria seamlessly.
It further stated that the product is bringing a new life into the manner in which parents, guardians, individuals and corporate organisations send money to their beloved ones and business partners in the country.

The bank further stated that the product could be accessed through branch and mobile phone. Customers and non-customers shall be availed the branch channel, while only those registered for the mobile banking application shall be offered the mobile channels for effecting money transfers.

The target spans across all categories of customers with needs for money transfer services within Nigeria. The product is designed to service individuals. This includes transfers to students from parents, from working class group to dependants - like aged parents, siblings and other extended relations and friends.
It also includes an opportunity for individuals to send money to themselves as a means of transporting money without the associated risk of physically moving money from one location to another.
Inter-city traders: These are traders that transfer money from one location to the other in the course of their daily business.

Travellers: To facilitate the movement of funds by travellers, thereby eliminating the risks involved in moving money physically from one location to another. The benefits of using the Diamond Money Transfer to customers include convenience of reach as customers can collect the money from any Diamond Bank branch, mobile banking customers can conveniently initiate the transfer from the comfort of their home or office using their mobile phone. The product also offers safe and secured means of money transfer.

Amidst the speed and low cost of transaction, mobile banking customers could as well initiate a transfer using the Internet.