GTBank introduces instant money transfer by mobile phone

Students with Gtbank accounts can join other customers to send and receive money on their mobile phones for the first time ever in Nigeria. Guaranty Trust Bank plc is applying state of the art technology and breakthrough  innovation to enable funds transfer on the mobile phone for the first time  for GTBank customers.

The bank has launched the latest mobile channel through which  GTBank customers can conveniently perform third party transfers to both GTBank and other bank account holders in Nigeria, via their mobile phones, by simply dialling the USSD short code *737 with details of the amount and account number (NUBAN) of the beneficiary.

The *737* transfer service is a novel offering pioneered by GTBank in the Nigerian Financial Industry, that is safe, simple and convenient. To initiate transfers to a GTBank account, simply dial *737*1*Amount*NUBAN Account No# e.g. *737*1*1000*1234567890# from the mobile number registered with the Bank. For transfers to beneficiaries in other Bank’s, customers should simply dial *737*2*Amount*NUBAN Account No# e.g. *737*2*1000*1234567890#. Customers will then require the last four digits of their GTBank Naira MasterCard to authenticate each transaction.

The 737 transfer service has been introduced to build on the success of the Bank’s One Click Top –upservice; which offers GTBank customers an efficient and easy way to buy airtime on their mobile phones directly from their GTBank account by simply dialing a short USSD code (*737*AMOUNT#).

According to Mr. Segun Agbaje, Managing Director/CEO of the Bank, “we will continue to leverage technology to make banking, especially payments and transfers, faster, safer and more convenient for all our customers. He further stated that, “this service addresses the electronic banking requirements of our customers, irrespective of their phone type”.

The *737* Transfer service is only available to GTBank customers via their mobile phone numbers registered with the Bank and has minimum transfer limit of N1,000 and a daily transfer limit of N20,000.

Guaranty Trust Bank plc was established in 1990 and has within the last 25 years come to be recognized as one of the most profitable, innovative, service focused and well managed banks in the Nigerian financial market space. The Bank has a record of “Industry First” innovations such as “GTBank Mobile App”, a mobile application that merges internet banking and mobile money service offerings to allow customers enjoy more flexible banking such as Check account balance, Transfer Funds to family and friends, Stop and confirm cheques, Bill payments, FX transfers, Flight Bookings, Airtime Recharge, Online Shopping, Purchase cinema tickets e.t.c. Other Industry Firsts include; Internet Banking, GTConnect; the interactive contact centre, Social Banking on Facebook, FastTrack, SME MarketHub, an online e-commerce platform and the first Naira MasterCard.