What are the types of account in GTBank?
A Tier 3 account is the best place to be 😉. It allows you daily transactions of N1,000,000 (you guessed it, that's both inflow and outflow) and the account can hold a total of N1,000,000,000. Don't worry, you counted the zeros well. Yep, that's 1 billion.
A Tier 3 account is the best place to be 😉. It allows you daily transactions of N1,000,000 (you guessed it, that's both inflow and outflow) and the account can hold a total of N1,000,000,000. Don't worry, you counted the zeros well. Yep, that's 1 billion.
You have a daily transaction limit of N50,000 and a maximum cumulative account balance of N300,000.
It is a checking account which allows you to carry out routine banking transactions with third parties and allows you enjoy easy access to your money from any of our branches nationwide or on our online real-time platform.
The GTCrea8 e-Savers account is an interest bearing account designed to allow undergraduates between the age of 16 to 25 create and maintain a value adding and rewarding banking relationship.
• Tier 1 – Partners that you directly conduct business with. • Tier 2 – Where your Tier 1 suppliers get their materials. • Tier 3 – One step further removed from a final product and typically work in raw materials.
A Tier 3 account is a retail industry term for a target account or an account a business would like to create for an ideal customer.
| S/N | Limit |
|---|---|
| ATM Withdrawal | 1,000 USD daily (or equivalent in the local currency of transaction)* |
| POS / Online | No limit |
| Annual Spend Limit | No limit |
As a tier 3 customer, your account can receive and hold any amount. Your daily transaction limit is N4,000,000. However, the highest amount you can send per transaction is N1,000,000. For example, if you need to send 4 million Naira, you have to send N1,000,000 four times.
5.25% Interest rate per annum to be paid on your Account Balance.
Can I open a GTB account without BVN?
To open a bank account without BVN while using just your phone number, you will need to dial the USSD code of the bank. For GT Bank, dial *737# and follow the prompt. For Zenith bank, dial *966# and follow the prompt.
Our Fixed/Tenured Deposits offer the best long-term saving options for you and your business. Simply deposit a specific amount into an investment account at an agreed interest rate and tenure.
- Zero commission on turnover (COT) and other bank charges on Naira accounts.
- Automatic overdrafts.
- Customized cheque books.
- A GTBank Platinum Debit MasterCard.
Important Information. The GTCrea8 esavers account has a single deposit limit of N100,000 and your account balance should not exceed N500,000.
- Dial *737*6*1# on your registered mobile number.
- Input 737 PIN.
- The customer's account balance(s) is immediately displayed.
Whether your goal is to build up short-term or long-term savings, a Spend 2 Save account can make it easier to get started. The Spend 2 Save service automatically allows you save between 1 to 5% of all expenses made from your GTBank Account.
In layman's terms, tier 1 companies are the big guns, and the tier 3 ones are the more modest firms. Over time, companies can move up the tiers if they fit the criteria. Now, let's explore the different tiers a little more. Tier 1 firms are the largest, wealthiest, and most experienced in the industry.
So to define Tier-1 customer, they are the customers that engage in one off purchases (buy once and don't come back), and don't necessarily have loyalty to any particular brand, they are price-sensitive users. So they often shift between sellers.
Customers are also divided into tiers; one that buys products directly from the operations is a first tier customer; one that gets products from a first tier customer is a second tier customer; one that get products from a second tier customer is a third tier customer, and so on to final customers.
After surveying the listed tier-two banks on NGX, BusinessDay's analysis showed Stanbic IBTC, Ecobank, Union, Fidelity, FCMB, Wema, Sterling, and Unity as the banks with the highest market value from January 7, 2022, to January 12, 2023. The tier two banking sector market capitalisation increased to N1.
What are the Tier 1 2 3 banks in Nigeria?
Tier- 1 banks are First Bank Nigeria Plc, Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank, GTCO Plc, and United Bank for Africa, UBA Plc while tier-2 banks are Union Bank Nigeria Plc, Sterling Bank Plc, Stanbic IBTC Plc, First City Monument Bank, FCMB Plc, Wema Bank Plc, Unity Bank Plc and Jaiz Bank Plc.
The maximum balance for a savings account in Nigeria is NGN20 million (approx. USD56,000).
For Platinum customers only. Average monthly salary should not be less than N1million in the last six months. Annual turnover should not be less than N10million. You should have received your salary through your GTBank Account in the last three months consecutively.
Local transfer limit is N250MM per transaction. Daily foreign transfer limit (where the source of funds is via cash deposit) is $10,000 daily and $50,000 weekly or its equivalent in other currencies. There is no limit for FX transfer where the source of funds is via SWIFT transfer.
These are foreign currency transfers received from other banks through our correspondent banks for further credit into GTBank customer domiciliary accounts. Currently GTBank customers can receive foreign currency inflows in USD, GBP and EUR.
