How to Transfer in GTB: A Beginner's Guide

Transferring money from one account to another can be a bit complicated, especially if you're new to the process. In this article, we'll provide a step-by-step guide on how to transfer in Guaranty Trust Bank (GTB), one of Nigeria's leading financial institutions. Whether you're sending money to a friend or family member, paying for goods and services, or making a donation, GTB has made it easy for you to transfer funds without stress.

What You Need to Know About GTB Transfers

Before we dive into the nitty-gritty of how to transfer in GTB, let's take a look at some of the things you need to know about the transfer process:

Types of Transfers

GTB offers three types of transfers:

1. Intra-Bank Transfer: This is a transfer from one GTB account to another GTB account.

2. Inter-Bank Transfer: This is a transfer from a GTB account to an account in another bank.

3. International Money Transfer: This is a transfer from a GTB account to an account in a foreign bank.

It's important to note that there are limits on the amount that you can transfer per day, depending on the type of transfer you're making.

Transfer Fees

GTB charges a fee for each transfer, which varies depending on the type of transfer you're making. Intra-bank transfers are usually free, while inter-bank transfers attract a fee of N52.50 per transaction. The fee for international money transfers varies depending on the currency and destination country.

Transfer Channels

GTB offers several channels through which you can make transfers, including:

1. Internet Banking: This is the most convenient way to transfer in GTB. All you need is a computer or smartphone with internet access.

2. Mobile Banking: GTB's mobile app allows you to make transfers from your phone.

3. ATM: You can also make transfers using a GTB ATM.

4. Branch: If you prefer to make transfers in person, you can visit any GTB branch.

Transfer Limits

As we mentioned earlier, GTB has limits on the amount that you can transfer per day. For intra-bank transfers, the limit is N5 million per transaction, while inter-bank transfers have a limit of N1 million per transaction. International money transfers have a limit of $10,000 per day.

Now that you know the basics of GTB transfers, let's take a look at how to transfer in GTB.

How to Transfer in GTB

Step 1: Choose Your Transfer Channel

As we mentioned earlier, GTB offers several channels through which you can make transfers. Choose the channel that's most convenient for you.

Step 2: Log in to Your Account

If you're making a transfer using internet banking or mobile banking, log in to your account using your username and password. If you're making a transfer at an ATM or branch, you'll need to insert your GTB debit card and enter your PIN.

Step 3: Select "Transfers"

Once you've logged in, select the "Transfers" option from the menu.

Step 4: Choose Transfer Type

Select the type of transfer you want to make – intra-bank, inter-bank, or international.

Step 5: Enter Transfer Details

Enter the details of the transfer, including the recipient's account name, account number, bank name, and any other relevant information. Make sure you double-check the details to avoid any errors.

Step 6: Enter Amount and Transfer Fee

Enter the amount you want to transfer, as well as any transfer fee that may apply. The fee will be automatically deducted from your account.

Step 7: Confirm Transfer

Before you confirm the transfer, review all the details to ensure that everything is correct. Once you're satisfied, click on the "confirm" button.

Step 8: Authorize Transfer

If you're making an internet banking or mobile banking transfer, you'll need to authorize the transfer using a token or other security feature. If you're making a transfer at an ATM or branch, you'll need to sign a transfer authorization form.

That's it! You've successfully made a transfer in GTB.

Conclusion

Transferring money in GTB is a simple process that can be done using internet banking, mobile banking, ATM, or branch. It's important to know the type of transfer you're making, the transfer fees, and the transfer limits before you start the process. By following the steps outlined in this article, you'll be able to transfer funds in GTB without stress.

FAQs

1. How long does it take for a transfer to reflect in the recipient's account?

Ans: Intra-bank transfers reflect instantly, while inter-bank transfers may take up to 24 hours.

2. Can I cancel a transfer after I've confirmed it?

Ans: No, you can't cancel a transfer once it has been confirmed.

3. Is there a limit on the number of transfers I can make in a day?

Ans: There's no limit on the number of transfers you can make in a day, but there's a limit on the amount you can transfer per day.

4. What do I do if I enter the wrong account number?

Ans: Contact GTB customer care immediately to rectify the error.

5. Can I make an international money transfer using mobile banking?

Ans: Yes, you can make an international money transfer using GTB's mobile app.