Transfer money for free to any Bank in Nigeria
The truth is that no one likes spending. We would all be happy if we can get everything we want in this life free. Though that isn’t possible but is not right paying a fee for a service that should be free. Nigerian banks charge a fixed amount of money for transfers, which isn’t suppose to. But in this post, I will be teaching you how you can transfer money for free from your bank account.
Nigerian banks charge a total of #52 to transfer money to your other bank accounts. It can be a frustrating experience when you’re only trying to complete the amount on your account to #1,000, and you have to pay #52. But there’s a way to transfer money for free using GTBANK
There’s this account that allows individual below 25 years old and students to transfer money for free. Though the account has been there, it was only recently that the bank announced restriction of all bank charges on the account. And not only will you be able to transfer money for free, but both ATM card maintenance fees and other charges were also removed as well.
Look at the picture below you will see a STANDARD ORDER SMS Alert. It means the SMS alert charges are not among whats restricted, but the Card maintenance fee is what I haven’t seen quite sometime now. Probably, it is among those charges that are restricted for the account owners, and you can enjoy the privilege as well. It doesn’t necessarily mean you have to be a student, but if you can open the account, which will be revealed on this post, only then will you be able to transfer money for free.
However, the #65 deducted from your account for using other Banks ATM is still there. The #50 service fee for funding your bet wallet isn’t among the charges that are restricted as well.
To start enjoying this offer, you need a GTBANK account called GTCre8. You can open the account with any Valid ID card, not necessarily, your National ID. But it won’t be possible to lodge more than #1,000,000 in the account, which is why the account is purposely for students and corpers. However, you can always expand to start receiving any amount, after linking the account with either your voters’ card, driver’s license, international passport, etc.
Haven come this far on this post, did you see any business you can run using your GTCrea8 account. Anyway, I will tell you. You can charge people to do mini transfers for them and have them pay you the bank charges. And since you are not charged, it is a win-win situation for you.
Currently, only GTBANK allows you to transfer money for free with your GTCrea8 account. But it won’t be long before other commercial banks start something similar, however, until they release an official statement, only then can we make a post for it.
Meanwhile, if you’re already using this service due help us with feedback on the benefits so far. You can make use of the comment box for that, thanks.
