As mobile banking attains maturity in Nigeria, local banks try to drive innovation and improve convenience for customers. One of the core focuses of most financial institutions is money transfer. Initially, GTbank had a mobile app transfer limit of one million Naira for a savings account and three million Naira for a current account. This limit does not work for customers who want to purchase a large volume of goods, which is why most customers ask what is the daily transfer limit for GTBank?
However, GTbank increased its transfer limit until it reached two million Naira for the savings account and five million Naira for the current account after a while. The new limit works for some customers. But under certain conditions, it serves as a major barrier to transaction and financing.
How can you increase transfer limits on GTB mobile apps? This article provides detailed highlights of GTBank mobile app transfer limits. It also shows you how to increase the transfer limit on the GTB mobile app.
How to increase gtbank transfer limit
If you’re a GTBank customer, you may have noticed that there are limits on how much money you can transfer from your account at one time. However, there are ways to increase your transfer limit, making it easier for you to move money around as needed.
One of the best ways to increase your GTBank transfer limit is to upgrade your account. GTBank offers several different account types, each with their own set of features and benefits. For example, the GTBank Silver account has a higher transfer limit than the GTBank Basic account. By upgrading your account, you’ll be able to transfer more money at one time.
Another way to increase your transfer limit is to verify your identity. GTBank uses a variety of security measures to protect its customers’ accounts, and one of these measures is to verify your identity. This can include providing a government-issued ID, a utility bill, or other documentation. Once your identity is verified, your transfer limit may be increased.
You can also increase your transfer limit by maintaining a higher account balance. The more money you have in your account, the higher your transfer limit will be. So, if you’re looking to increase your transfer limit, consider depositing more money into your account.
Finally, you can also increase your transfer limit by contacting GTBank customer service. If you have a specific need for a higher transfer limit, they may be able to accommodate you.
What Is Gtbank Mobile Banking?
Before going through the details of transfer limits, it is best to highlight the GTbank mobile banking platform to help you better understand how the limit works.
GTBank mobile banking is the totality of all Banking channels available on the internet on mobile devices. It gives customers an avenue to check available bank balances, send and receive money, perform international transfers and interact with customer service.GTBank’s mobile banking platform includes GTbank’s online banking platform, GTworld app, GTbank’s mobile app, etc.
These platforms are available on internet devices and all types of android and iOS devices. GTbank Mobile banking provides a banking experience to customers anywhere in the world outside the bank.
Gtbank Mobile App
Customers using Android or IOS devices would have to download the GTbank Mobile app for their mobile banking experience. GTbank provides you with Your GTbank money transfer and other GTbank services via its mobile app. However, there is a limit to the amount that users can transfer from the app. These limits are there to provide security for online mobile transactions. To get the most out of your transactions, it is vital to learn how to increase the transfer limit on GTB mobile app.
Gtbank Transfer Limits
As stated above, Customers using the savings account service of the Guarantee Trust Bank of Nigeria have a mobile app transfer limit of two million Naira. It means that they can not transfer more than two million Naira from their savings account to other accounts daily. But a current account holder can transfer up to 5 million Naira per day. Before we delve into how to increase transfer limit on gtb mobile app, it is best to show you how to properly perform a transfer from a GTbank mobile app.
How To Transfer Money From Gtb Mobile App
Sending and receiving money from a GTbank mobile app is similar to most banks. It requires you to download the app from the play store or Apple Store, or from the bank’s website.
Once you have installed the app, it will require you to set up the app using your bank details and security codes. Once the app is up and running, log in to your GTbank mobile banking apps using the credentials you used during sign-up. From the options displayed on your screen, select the transfer option.
You will find some transfer options on your screen: to own accounts, to other bank accounts, pre-register transfer, FX transaction (Transfer in foreign currencies).
Select the option that works best for you and click new.
Enter detailed information of the receiver in the field provided and click the submit button.
After that, type in the amount you wish to transfer. You would be asked to provide details of the fund. You can leave the space empty.
Finally, enter your security details and click confirm.
How To Increase Transfer Limit On Gtb Mobile App
If you wish to transfer a higher volume of funds from your savings account, you may encounter a setback with the transfer limit set GTBank mobile app. The step-by-step guide below shows you how to increase transfer limit on gtb mobile app. However, it would require you to visit a GTBank branch close to you.
To increase your transfer limit on your mobile app, you would have to approach the customer service of any GTbank near you. This function can be performed from any GTBank branch nationwide. The customer service would direct you to the appropriate officer in charge of mobile banking.
Inform the officer of your intention to increase the transfer limit of your mobile app. The office would ask you to fill out a form and tell you the time it will take for the changes to take effect on your app.
Usually, it takes three to seven working days for the bank to implement the changes. On some other occasions, the changes happen within 24 hours.
In most cases, your transfer limit will still be lesser than the bank’s daily limit. However, you will still have the opportunity to transfer higher funds than the stipulated limit on the mobile app.
How To Increase Transfer Limit For Gtbank Current Account Mobile App
Gtbank current account holders follow a slightly different procedure to increase their Mobile app transfer limit. The Mobile App transfer limit on a Gtbank current account can be increased to as high as 10 million Naira. The account holder would have to download the bank limit indemnity letter and fill it out. Or They may approach a Gtbank branch near them to get a similar letter.
After filling out the form, submit it at a bank branch near you. The officer would give you the duration it would take to effect the changes. Usually, it takes 24 hours to 7 working days. After the change is done, you have the opportunity to transfer up to 10 million Naira from your bank to a recipient nationwide. That is how to increase the transfer limit on gtb mobile app via your current account.
Final Words
The limit set on GTbank mobile bank is for security purposes. Banks are committed to the security of the funds of their customers. Customers who desire to transfer more funds without the stress of increasing the limit on their mobile app can do so through other GTBank mobile banking options. Gtbank Automated teller machine allows a transfer of up to five million Naira daily for a savings account. The online or internet banking option also makes provision for up to five million naira transfers per day.
These other options are considered safer than the mobile app. Therefore, you get a larger transfer limit from the platform. If you you still have questions regarding how to increase the transfer limit on GTB mobile app, GTBank
offers its faq page to provide answers to further questions that customers may have concerning their mobile banking services.