USSD: N6.98 fee remitted fully to network providers, says GTBank
Guaranty Trust Bank Plc has said the N6.98 fee bank customers are now required to pay for every banking transaction
Guaranty Trust Bank Plc has said the N6.98 fee bank customers are now required to pay for every banking transaction carried out on all USSD banking platforms is remitted in full to mobile network providers.
The commercial bank said this on Saturday in an email, titled ‘Important update on USSD transactions’, sent to its customers.
It said, “Please be informed that you are now required to pay a fee of N6.98 to your mobile network provider for every banking transaction carried out on all USSD banking platforms.
“This means that when you send money to anyone using USSD, a fee of N6.98 will be charged to your bank account, which is in turn remitted in full by your Bank, to your mobile network provider.”
According to GTB, airtime and data purchases via USSD are exempt from this charge on USSD platforms.
“As our customer, we are making sure you have as many options as possible for all your financial transactions. You can send money to anyone and pay bills anytime using our GTWorld Mobile App, at no extra charge,” the lender added.
