GTBank Reduces their 737 Transfer fee to N40

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I just got a text message on my phone from Gtbank informing me that they’ve reduced the transaction fee charged for transferring from your Gtbank account to other banks.

Gtbank transfer feeActually this is a nice move from them as I don’t have to spend data again using my quickteller app to make transfer to other banks cos of the less charge. Gtbank had previously been charging N65 for interbank transfers which is higher than the N52 Quickteller will charge you for transfers no matter the bank. 

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With the new changes, for Gtbank to Gtbank transfer, you’d be charged N20 while for Gtbank transfer to other banks, you’d be charged a token of N40.

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What do you guys think about this move from Gtbank?

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6 Comments

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  1. Wow that’s a cheering news, but then, I thought gtbank to gtbank was free?

    When did they start charging 20 naira?

    1. Last Gtbank to Gtbank transfer I did, I was charged N20

      1. Maybe they probably just started it, I used to do it without any charge.

  2. it’s a good welcome development.hope other banks follow suit

  3. Nice one gt, firstbank need to do the same s

  4. That’s a welcome development, good move

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