GTbank Transfer Charges to other Banks

GTBank, also known as Guaranty Trust Bank, is a leading financial institution in Nigeria that offers various banking services, including fund transfers to other banks. As with any banking service, there are associated fees and charges. In this article, we will discuss GTBank’s transfer charges to other banks. Information Guide Nigeria

Firstly, it’s important to note that GTBank offers two types of fund transfer services – the GTBank online banking platform and the GTBank USSD code. The fees and charges for both services are similar, and they are outlined below: Gtbank transfer charges to other banks

For transfers to other banks in Nigeria:

Transfers below N5000 are free.
Transfers above N5000 attract a fee of N10 + VAT (Value Added Tax) for the GTBank online banking platform and N20 + VAT for the GTBank USSD code.

For transfers to GTBank accounts: JAMB portal

Transfers to GTBank accounts are free, regardless of the transfer amount.

It’s worth mentioning that these charges are subject to change, and customers are advised to check with GTBank for the latest fees before initiating any transfer. Good morning my love messages

Furthermore, customers should also take note of the daily transfer limits. For the GTBank online banking platform, the daily transfer limit is N1,000,000. For the GTBank USSD code, the daily transfer limit is N100,000. Customers who wish to transfer more than these limits will need to contact GTBank to make special arrangements.

In addition to the above charges, customers may also be subject to charges from the recipient bank. This means that the recipient’s bank may deduct a fee from the transferred amount before crediting the recipient’s account. The amount and nature of these charges are determined by the recipient’s bank and are beyond the control of GTBank.

In conclusion, GTBank offers competitive transfer charges for transfers to other banks in Nigeria, with the first N5000 being free, and subsequent transfers incurring a small fee. Transfers to GTBank accounts are free, regardless of the transfer amount. Customers should be aware of the daily transfer limits and the possibility of charges from the recipient bank. As always, it’s important to check with GTBank for the latest fees before initiating any transfer.

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