How to Generate EcoBank Token Code: With the increasing prevalence of cyber threats and bank fraud, financial institutions are prioritizing ways to protect their customers’ assets, and EcoBank is no exception.
Like other traditional banks, EcoBank is enhancing the security of its customers’ banking transactions. Beyond the standard transfer PIN used for transactions, EcoBank has introduced a token code for added protection.
This token code is a one-time-use PIN or password, exclusively available to authorized account holders for carrying out various banking transactions, such as money transfers and more.
The common question many account holders ask is, “How can I get this token?” The answer lies within this blog post. Be sure to read it thoroughly to avoid missing or mixing up any important details.
However, before diving into the steps to generate an EcoBank token, it’s essential to first understand what the EcoBank token truly is. Let’s explore the concept of the EcoBank token!
Keyword
- How to Generate EcoBank Token Code
- What is EcoBank Token Code
- Types of EcoBank Token
- How to Activate EcoBank Token
- How to Generate EcoBank Soft Token
- FAQs on EcoBank token
See also: FCMB Mobile App: How to Download and Activate FCMB Bank App
What is EcoBank Token Code?
The EcoBank Token Code, or Access Token, is a tool from EcoBank designed to make your online banking more secure. It’s a small device that generates a unique and temporary security code, also known as a “token code” or “one-time password” (OTP). You’ll need this code to complete certain transactions, especially those involving money transfers or sensitive actions on EcoBank’s online or mobile banking platforms.
Whenever you start a transaction that needs extra security, the Access Token produces a unique code for you to enter. This code changes each time and is only valid for a short period, adding an extra layer of protection for your account.
The Access Token boosts online banking security by adding a dynamic, time-sensitive element to the authentication process, making it tougher for unauthorized people to access your account and carry out fraudulent transactions.
In order to make things easier for its customers, EcoBanks provide two options to generate tokens. What do I mean by this? Let’s branch at various types of token
Types of EcoBank Token
Like i said earlier, there are two types of tokens available:
- Hard Token: This involves a physical device that generates a token whenever you need it. With this device, you can always produce tokens on demand. You can get this device from any EcoBank branch near you.
- Soft token: The EcoBank Soft Token is a mobile app feature that generates secure one-time passwords (OTPs) for authorizing online transactions. It provides an added layer of security by producing unique, time-sensitive codes directly on your smartphone as SMS or email.
Requirements to Activate EcoBank Token
If you want to activate your EcoBank token, you must have the following requirement ready:
- You must have an active account with EcoBank
- A mobile phone number and an active email address linked to your EcoBank account
- A valid identity card like driver’s license, NIN Card
- A sum of N1,500 activation fee
Let’s look at how to generate both hard and soft token!
See Also: Access Bank Customer Care
How to Generate EcoBank Soft Token
To use the soft token option:
- Download and install “Ecobank eToken App” from your Play store on android or Apple store on IOS device
- Register and follow on-screen procedure to start using the service
Now moving on to how to generate hard tokens!
How to Generate EcoBank Hard Token
To use the hard token option:
- Go to the any EcoBank branch with the requirements mentioned earlier
- Request for “Token Form” from the customer support counter
- Fill the form correctly and submit with the required information
- After necessary review, you will be notify once your account has been activated
- A total sum of N1,500 will be deducted as activation fee.
Now you can keep your account safer with your token.
FAQs on EcoBank token
How do I get my EcoBank token?
EcoBank token is provided upon request at a branch or through your Relationship Officer.
How can I get EcoBank token form?
The EcoBank token application form is available at the EcoBank branch via the customer service counter.
Can I generate an EcoBank token code via USSD?
Yes, dial *326# and follow the prompts to generate a token code.
Do I need a physical token device for EcoBank?
No, you can use the EcoBank Soft Token available on the Mobile App.
What is EcoBank USSD?
*326# is the USSD banking solution that gives you access to EcoBank services with only your mobile phone.
Summary
EcoBank offers extra security for online banking with its Token Code system. The Access Token can be either a physical device (Hard Token) or a mobile app feature (Soft Token). It generates one-time passwords (OTPs) for transactions like money transfers. These passwords change every time and only work for a short period, making your account more secure. To activate a token, you need an EcoBank account, a linked phone number and email, a valid ID, and N1,500 for the activation fee.
To get a Hard Token, go to an EcoBank branch, fill out a Token Form, and pay the fee. For a Soft Token, download the “Entrust OTP” app from your phone’s app store and follow the setup steps. Both options help protect your account from unauthorized access and fraud.
If you have any question or complaints, please contact EcoBank customer support team
