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GT Bank removes bank charges for Nigerian undergraduates

Amadin Ogbewe

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Guaranty Trust Bank has announced the removal of all bank charges for undergraduates between 16 years and 25 years on its GTCRea8 student account. 

A statement said the undergraduates could now bank for free, as the bank would cover all charges on transfers, USSD transactions and bank alerts for holders of its GTCrea8 Account.

Some of the bank charges that GTCrea8 account holders would no longer have to pay included charges on bank transfers, even when the transfer was to other banks.

It stated, 

“Undergraduates will also not be charged for using 737, the bank’s industry-leading USSD service, nor will students be charged for transaction alerts received whether via SMS or email.

“GTCrea8 account holders will also enjoy special offers and discounts when they make use of GTBank’s trendsetting digital platforms, such as Habari, which offers access to music and video streaming, shopping, messaging, and bills payment all in one place.”

The Chief Executive Officer, Guaranty Trust Bank, Segun Agbaje said, 

“Empowering young people in every way we can is the most valuable investment that we can make for the future.

“That is why we have taken this bold step to cover the cost of all their banking charges, not just to allow them to bank for free, but also to inspire them to imagine a world free of all limits to their ambitions, and in which they can achieve their greatest dreams.”

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