Starting Thursday, the Guaranty Trust Bank (GTB) will begin deducting the sum of N6 from customers’ accounts for every transaction alert they receive via Short Message Service (SMS).
The bank notified its customers of this development via email on Wednesday morning.
“Dear Valued Customer, Please be informed that effective Thursday, May 1, 2025, the SMS transaction alert fee will increase from N4 to N6 per message. This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers,” the email read in part.
“Kindly note that transaction alerts are important and help you keep track and stay in control of activities on your account.
“SMS alerts to international phone numbers are subject to higher charges.”
This fee represents a 50% increment on the N4 SMS alert fee deducted by banks before this development.
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