In line with the Central Bank of Nigeria's Guide to Bank Charges, GTBank has started imposing a cash handling fee of 0.5% of transaction value on all cash withdrawals from domiciliary accounts held back at the Bank.
Below is a summary of charges applicable to domiciliary accounts:
Charges for Cash Lodgement
Commission on Cash Withdrawal
0.5% of Transaction Value + 5% VAT on Fee
Inward Foreign Currency Transfers
Outward Foreign Currency Transfers
0.5% of Transaction Value, subject to a minimum of 10 units of the currency + N4,000 Swift Charge + $25 off-shore Bank fee