What is gtbank mobile app transfer limit?
This is the first major question gtbank mobile banking users do ask, and this question is very important so as to know the maximum transfer on gtbank mobile app.
Having being using the Gtbank mobile app since the introduction of the mobile banking few years back, I will guide you through on this post and also how to increase transfer limit on GTB app.
Gtbank mobile app transfer limit
Gtbank mobile app transfer limit is two million naira. The N2M I’m talking about is for savings account, while the current account is limited to five million naira using the Gtbank app.
Previously, gtbank mobile app transfer limit was pegged at N1M for savings account, while the current account was N3M.
In late 2019, the bank increased the limit to N2M for savings account, and N5M for current account though I’m not too sure if they have increased the current account limit to N10M as it was rumoured.
However, you can increase the transfer limit if you’re not pleased the limit. This now brings us how to increase transfer limit on GTB app.
How to increase transfer limit on GTB app
If you want to transfer up to five million naira, I recommend you to enroll for gtbank online banking. The Gtbank internet or online banking gives you the opportunity to transfer up to N5M from your savings account.
The reason why internet banking has a high transfer limit is because of the hardware token. The hardware token is more trusted and properly secured, through the hardware token one can transfer up to five million naira in a single day.
To further increase transfer limit on GTB mobile app, you will have to go to any gtbank around your. Move to the customer service section and speak with any of the customer service representative.
Requesr that you want to increase transfer limit on GTB app. Right there you will be issued a form to fill, and you will have to state the amount which you want to increase your maximum transfer on gtbank mobile app.
But note that it will exceed the Gtbank daily transfer limit. And like I said, current account has a higher transfer limit than the savings account. You should ask the customer service representative the bank daily transfer limit so as to know the amount you will write on the form.
As you’re done filling the form, kindly submit it back to the customer service representative to begin to process your request. It shouldn’t take more than three to complete the process and usually, the customer service representative will do it right there in front of you.
Right now in 2021, gtbank recently increased their transfer limit through their atm to five million naira. I know you may not fancy this cause it requires you leaving your comfort zone to go and do a transfer.
Honestly I really get pissed off when I see bank customers queuing on the line because of money transfer, whilst they can do it using their phone.
Maybe because of the gtbank mobile app transfer limit is way too low and they decide to use the atm. So what I’m trying to say is that through the atm, you can transfer up to five million naira from your gtbank savings account.
However, I still prefer the internet banking since it is the same transfer limit, and I would have the need to go outside or look for the nearest gtbank or ATM around me.
Don’t miss >>> How to use gtbank mobile app on your phone
Let me repeat it again, to increase transfer limit on GTB app, you should contact the bank, and request that you want to increase the transfer limit on your gtbank mobile banking app. From there you can proceed to that but note that it won’t exceed five million naira.
The maximum transfer on gtbank mobile app the bank will give you is five million naira though usually they will say it is two million naira unless you upgrade your account from savings to a current account.
Don’t miss >>> 3 Gtbank account types you should know
Comparing with gtbank *737#
When you take a look at the gtbank mobile app transfer limit and compare it with the *737# ussd transfer limit, you see the need to have a mobile banking or the internet banking.
Between the Gtbank internet banking, mobile banking app and the *737# ussd code, the ussd has the lowest transfer limit.
The Gtbank *737# ussd code transfer limit is just two hundred thousand naira daily. Mind you, if you don’t have an atm, it will be twenty thousand naira daily.
Way too low when compared with internet banking and the mobile banking app.
To increase gtbank *737# ussd code limit, you will need to get a hardware token. The last time I requested for it, it was N3k though I don’t know the current price right now. Through the hardware token, you can transfer up to one million naira using the *737# ussd code.
Even with that, gtbank mobile app transfer limit is way better. And through the Gtbank app, you can request your statement of account, aside from the money transfer.
So this is the gtbank mobile app transfer limit, and I repeat again, it is two million naira.
The best form of money transfer is by going to the bank. I’m talking of to transfer money right inside the bank, it is more trusted than any other means.
You can even chose to transfer your entire money into another account. Because of the fact that you’re physically present in the bank, you have a maximum transfer using the bank transfer method. gtbank mobile app transfer limit.
How much does GTBank charge for transfer?
This is how gtbank charge for their transfer on both internet banking, mobile banking app and the *737# ussd code.
If you make a money transfer below five thousand naira, gtbank will charge you N10 for the transfer, plus a vat of N0.75kb which amounts to a total of N10.75 respectively.
If you transfer from five thousand to ten thousand naira, you will be charged a total amount of N25 as the transfer fee.
Don’t miss >>> How to upgrade your bank account in Nigeria
Lastly if you transfer from ten thousand naira upward, you will be charged a total amount of N50 for the transfer fee. So far these are the transfer fees I see while using my account to transfer money.
During the lockdown, the bank removed transfer fee from N5k below, and reduce the transfer fee to just N15 for amount of N10k and above. Since the turn of November 2020, they reversed everything back to where it was before the lockdown.
Don’t miss >>> How to check my gtbank account details
This is all I have for you on gtbank mobile app transfer limit. However, I do recommend you to contact the bank for more information and guidance. They are in the right position to help you out though gtbank online customer service is very slow to queries.