Guaranty Trust Bank (GTBank) has removed all charges on transfers, USSD transactions and bank alerts for undergraduates between the ages of 16 to 25 who are operating GTCrea8 accounts.
GTCRea8 has been a core part of GTBank’s value proposition to deliver value-adding banking services to young people whilst empowering them to pursue excellence in their academics and respective interests.
Over the years, tens of thousands of university undergraduates have benefited from GTCrea8 concerts, masterclasses, digital training, education support grants, and several other initiatives championed by the bank to ensure students have a more rewarding campus experience.
The bank’s new initiative will enable millions of students across the country to bank for free.
Some of the charges that GTCrea8 account holders will no longer have to pay include charges on bank transfers, even when the transfer is to other banks.
Undergraduates will also not be charged for using 737, the bank’s industry-leading USSD service, nor will students be charged for transaction alerts received whether via SMS or email.
GTCrea8 account holders will also enjoy special offers and discounts when they make use of GTBank’s digital platforms, such as Habari, which offers access to music and video streaming, shopping, messaging, and bills payment all in one place.
Commenting on the development, the chief executive officer of Guaranty Trust Bank, Segun Agbaje, said: “Empowering young people in every way we can is the most valuable investment that we can make for the future. That is why we have taken this bold step to cover the cost of all their banking charges, not just to allow them to bank for free, but also to inspire them to imagine a world free of all limits to their ambitions, and in which they can achieve their greatest dreams.”