First National Savings & Loans Company (FNSL) has added another product to its existing innovations.
It is the Domestic Money Transfer Service known as the ‘Sika plus’. And it’s currently being operated in all the 30 FNSL branches nationwide.
It is an instant Domestic Money Transfer product of FNSL. It is a special service by which one person (Remitter) can transfer money to any part of the country through FNSL Branch network to a named beneficiary.
It is a fast simple and very convenient means of transferring money as compared to conventional means as demand drafts, cheques or pay orders.
It is an efficient, secure, reliable and expeditious means to transfer funds throughout the country. The hallmark of Sika plus is mainly due to the technological approach being used in the processing of the money transfer by managers of FNSL.
It normally takes maximum one hour after receipt of funds for the system (networked branches) to transfer funds to the payee.
Thus Sika plus is done on-line with the company making sure that the transfer processes are done immediately a sender deposits the amount at any of the FNSL branches through the internet in order for receiver to get the transferred money instantly through another FNSL branch.
In a situation where a branch is not on the network it should not take more than two hours to effect transfer.
Transactions performed, according to FNSL management, are extremely safe and secure because customers are given special codes and that ensures the safety of the transferred money or the Sika plus.
That system according to the management of the company ensures that the security features of the Sika plus service are intact because of its reliability. This is not limited to the company’s customers only. Non customers can also use the facility.
With branches all over the country, FNSL ensures that people, who want to transfer money from one branch of FNSL to another, are spared the hazard of going through long processes as it occurs elsewhere.
And so where others relay such vital processing information on transfers through telephone calls and other cumbersome processes, a Sika plus customer is spared that ordeal when the transfer is being done by FNSL.
A Sika plus sender will have to fill a form where he/she provides his
name(s); address (residential); postal if any; the amount to be sent both in figures and words and then determine the mode of payment.


