Mobile Money From Diamond Y'ello Account/MTN Partinership | How to Open

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Diamond Bank and MTN have come together to provide a mobile money service which I believe will answer the need of all Ecommerce entrepreneurs whose business has been limited by Poor payment system in Nigeria.  I have just setup an account and I can say it is very fast to complete.  As you will receive your new NUBAN account in less than 3 minutes.  MTN in partnership with Diamond Bank provides you with a simple banking platform called “Diamond Y’ello Account” A mobile money service that will answer all the E-commerce entrepreneurs whose business has been limited by poor payment system in our great country Nigeria.   Without the troubles of time consuming documentation requirements (all registered MTN customers are automatically eligible) or the difficulty of finding or getting to bank branches, as the DYA is easily accessible through Diamond Bank Agents.

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HOW TO OPEN DIAMOND Y’ELLO ACCOUNT (DYA)

1.   Dial *710#

2.     Enter Your First Name

3.     Enter your Last Name

4.     Enter PIN

5.   Confirm PIN

And believe me, you will receive a message containing your new NUBAN (10 digits) account number within few minutes

Your Diamond Y’ello Account Performs the Following:

*      Receive money directly into your Y’ello account by providing your phone number or NUBAN (10 digits) Account number to the buyer.

*      The convenience of opening a full bank account without the need to visit a bank branch to fill forms or provide any documentation.

*      Transfer money from your Y’ello account to another Y’ello Account.  As well as receiving from another Y’ello account.

*      The convenience of applying and receiving loans from their MTN Mobile phones

*      Buy unlimited airtime.

*      Easy access to bank services through our network of Agents for deposits and withdrawals.

*      Send money from your Y’ello account to another Bank account.

*      A full bank account with interest payments on account balances

*      Quick pay (not yet operational at time of this report)

This Mobile money can easily replace Card services and POS.  So many people especially in the rural area complain that they do not use ATM for reasons best known to us (fear).  Now with this new NUBAN (10 digits) account, you can now have full access to your funds for non-cash transactions.

WHAT YOU CAN DO WITH YOUR DIAMOND Y’ELLO ACCOUNT:

To Deposit Cash into your Diamond Yello Account

*      Visit any Diamond Y’ello Account agent

*      Tell the agent how much you wish to deposit into your Diamond Y’ello Account

*      Hand over cash to the agent

*      Give the agent your DYA NUBAN (10 Digits) Account Number

*      The agent will credit your account with the amount you have handed over to him for

*      You will receive a text message that your account has been funded with the amount you wish to deposit into your account.

*      Check your account balance to confirm money has entered your account

TO VIEW YOUR NUBAN (10 digits) ACCOUNT NUMBER

*      Dial *710#

*      Select Bank Services by typing 1 and send

*      From the displayed screen, Select manage Account by typing 6 and send

*      To view your NUBAN Account Number type 2 and send

*      Your Diamond Y’ello NUBAN Account Number will be displayed.

TO CHECK YOUR ACCOUNT BALANCE

*      Dial *710#

*      Select Bank Serviced by typing 1 and send

*      From the displayed screen, type 2 and send to check your account balance.

*      Enter your account PIN

*      Account balance information will be displayed.

TO BUY MTN AIRTIME

*      Dial *710#

*      Select MTN Service by typing 2 and send

*      From the displayed screen, type 1 to recharge your phone or type 2 to recharge for others and send.

*      Enter the amount of Airtime you wish to buy

*      Enter the beneficiary’s mobile number (no entry is required if your own mobile phone is the beneficiary)

*      Repeat the mobile number entered in step 5 above

*      Confirm the details supplied

*      Enter your Account PIN

*      You will receive a message on your Phone confirming the completion of the transaction.

TO PAY BILLS FOR MTN SERVICES I.E. (POSTPAID SUBSCRIPTION)

 *     Dial *710#

*      Select MTN Services by typing 2 and send

*      Select Post Paid Subscriptions by typing 2 and send.

*      Options 1,2,3 will be displayed

*      Enter the postpaid mobile number

*      Enter the amount you wish to pay

*      Type in a reference, e.g “July Bill” (optional)

*      Enter your Account PIN

*      You will receive a message on your phone confirming the completion of the transaction.

TO TRANSFER MONEY TO UNBANKED SUBSCRIBERS (Voucher Generation) (Non-MTN recipient)

*      Dial *710#

*      Select Bank Service by typing 1 and send

*      Options 1,2,3 will be displayed

*      Select Transfer Money by typing 1 and send.

*      Select send to unbanked by typing 3 and send.

*      From the display screen.

*      Enter the recipient’s mobile number

*      Repeat the mobile number

*      Enter the amount you wish to send

*      Enter reference

*      Select a four-digit secret code

*      Repeat the secret code

*      Confirm the details supplied

*      Enter your Account PIN

*      You will receive an SMS containing the secret code and a Token (a randomly generated twelve-digit number)

*      Pass on the Token and the secret code to the receiver.  Thereafter, the receiver goes to a Mobile Money Agent to cash out the money.

TO TRANSFER MONEY TO A FAVOURITE

*      Dial *710#

*      Select Bank Service by typing 1 and send

*      Select Transfer Money by typing 1 and send.

*      Options 1,2,3 will be displayed

*      Select Favourite by typing 4 and send.

*      From the display screen, Select Favourites by Name or Find option through typing 1 or 2 respectively and send.

*      Select a favourite

*      Enter the amount you wish to send

*      Type in a reference, e.g. “Gift from Peter” (optional)

*      Confirm the details supplied

*      Enter your Account PIN

*      Enter your Account PIN

*      You will receive a message on your phone confirming the completion of the transaction

TO PAY UTILITY BILLS E.G. (DSTV)

*      Visit any Diamond Y’ello Account agent

*      Tell the agent how much you wish to cash-out

*      Follow the other instruction to withdraw amount from an agent.

*      Await a confirmation prompt from the system (sent by the agent to your phone) to approve cash withdrawal.

*      Proceed to approve cash withdrawal once confirmation prompt is received.

*      From your Phone

*      Dial *710#

*      Options 1,2,3 will be displayed

*      From the display screen, select Bank Service by typing 1

*      Select Cash Withdrawal by typing 3 and send.

*      Select from Agent by typing 1 and send

*      View the transaction pending approval from the list

*      Select Approved by typing 1 and send to approve cash withdrawal

*      Enter your account PIN

*      You will receive a message confirming the success of the cash-out along with your remaining balance after the transaction.

*      Receive the cash from the agent

TO CHANGE YOUR ACCOUNT PIN

*      Dial *710#

*      Select Bank Services by typing 1 and send.

*      From the options displayed choose Manage Account by typing 6 and send.

*      Select Change Account PIN by typing 1 and send.

*      Enter your current account PIN

*      Enter a new account PIN

*      Repeat the new account PIN

*      You will receive a confirmation upon completion.