GTBank removes charges for undergraduates on its GTCRea8 account

GTBank has announced plans to remove all charges on young undergraduates aged between 16 and 25 years using its GTCRea8 Account Product.

A release quoting the bank’s Chief Executive Officer Segun Agbaje, noted that: “If you are an undergraduate, between the ages of 16-25, then you can now bank for free with Guaranty Trust Bank (GTBank). The leading, youth-focused, financial institution has announced that it will cover all charges on transfers, USSD transactions and bank alerts for holders of its GTCrea8 Account, a bespoke banking product for young undergraduates between the ages of 16-25.

 

“GTCRea8 has been a core part of the 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 trainings, Education Support Grants, and several other initiatives championed by the bank to ensure students have a more rewarding campus experience. Now, millions of students across the country will be able to bank for free following the Bank’s commitment to cover the cost of all banking charges for GTCrea8 account holders.”

It noted that some of the bank’s charges that GTCrea8 account holders will no longer have to pay include charges on bank transfers, even when the transfer is to other banks.

It said that 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.