GTBank launches*737* transfers, ‘smartest way to transfer funds in Nigeria’

GTBank launches*737* transfers, ‘smartest way to transfer funds in Nigeria’

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Mr. Segun Agbaje, Managing Director/CEO of GTBank. Credits: File copy

Guaranty Trust Bank Plc has added another first to its community of innovative service to its customers, and the general public. The bank, in its bid to maintain its pole position in Nigeria’s banking industry, has launched another innovative mobile channel which enables GTBank customers conveniently perform third party transfers to both GTBank and other bank account holders in Nigeria. Customers are to achieve such transfers via their mobile phones, by simply dialing the USSD short code *737* with details of the amount and account number (NUBAN) of the beneficiary.

During the launch, GTBank explained that the *737* transfer service “is another novel offering pioneered by GTBank in the Nigerian Financial Industry, that is safe, simple and convenient”.

The simplicity of the system was further revealed in the bank’s explanatory instructions. To initiate transfers to a GTBank account, simply dial *737*1*Amount*NUBAN Account No#, showing as an example a transfer to the A/C No. *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.

GTB    also explained that 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#).

According to Mr. Segun Agbaje, Managing Director/CEO of the Bank, the bank “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, and other services.

Other of its industry firsts include, internet banking, GTConnect, its 24/7 interactive contact centre, social banking on Facebook, FastTrack, SME MarketHub, an online e-commerce platform and the first Naira MasterCard.