Nigeria:GTBank Launches Instant Cash Transfer

Guaranty Trust Bank Plc has launched another first of its kind mobile channel through which its 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#

The 737 transfer service has been introduced to build on the success of the bank’s one click top –up service; 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#).

The bank’s managing director, Mr. Segun Agbaje, said in a statement at the weekend that, “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.

The bank was established in 1990 and has within the last 25 years come to be recognised as one of the most profitable, innovative, service focused and well managed banks in the Nigerian financial market space.