Home » How to make a GTBank Online Transfer in 2020

How to make a GTBank Online Transfer in 2020

GTBank online transfer

GTBank online transfer is by far the most convenient means to send money to anyone. You can decide to make an online transfer either through the official website or by using the GTWorld mobile application.

The first method which involves using the official website to make an online transfer is often called the internet or online banking. However, the second method which involves using mobile application to make online tranfer is called mobile banking.

The naming might sound off because both methods require the use of an internet connection. So why call one internet banking and the other mobile banking? Well, I understand if you aren’t comfortable with the names.

The fact is, you’re right. That said, the naming is done to differentiate both methods.

Any device that can access the internet through a browser, as well as have the provision to input characters from a keyboard is capable of internet banking. Therefore, the first method deserves the name internet banking.

Consequently, you can use the second method only on a mobile device. You can’t use the mobile app on laptops.

Mobile banking is a subset of the internet banking. It is therefore confined to the bank’s mobile application. You can find the mobile application on Apple Store and Google Play Store for iOS and Android users respectively. It has thus earned its name; mobile banking.

In this article, I will explain in details how you can make an online transfer using both methods. By the time you’re done reading this article, you may even decide to ditch the USSD code (*737#) method and stick to the online methods because it isn’t as difficult as some claim.

GTBank Online Transfer

In life, every gained advantage comes at a price. Same can be said of the GTBank online transfer.

Though the internet and mobile banking options have the advantage of being make able to make online payments without requiring the phone number associated with your account, it does have a trade off.

The major drawback of using GTBank online tranfer is that you must have a good internet connection to utilize these services.

Did you say just that? Well, yes! Just that. It’s definitely not a big deal, since we live in an era where internet connection has become a necessity for most of us.

Having mentioned the above, here is a guide on the various methods to make online transfers.

Internet Banking

GTBank offers the internet banking service as a means to transfer funds from your account to any other bank account in the country by using their official website.

To access the website, you must have a browser installed on your PC, phone or whichever device it choose to use.

First and foremost, you need to enroll for this service by visiting one of their branches. Once you get to the bank, inform the personnel on the helpdesk that you want to enroll for internet banking. This service is free of charge.

If you don’t already have an account with GTBank, you’ll need to open one. To save you some stress, make sure you have an active email address before going to the bank. The reasons why you need an active email address will be given as you read further.

Now, upon requesting an enrollment for GTBank internet banking, the personnel at the service desk will give you a form. Ensure you fill it appropriately. If you need assistance in filling the form, speak to the customer care rep. They will help you with any explanation.

After filling and submitting the form to the bank, GTBank will send a user ID and password to your email address. It is important to keep this email address active because it plays a major role in password recovery and account monitoring.

To activate the internet banking service, you must change your initial user ID and password.

Okay, okay! Going to the bank might be stressful. And I totally understand if you feel that way. That’s why I will be giving you an alternative method.

How to activate GTBank online transfer for internet banking without going to the bank

Here is a guide on how to activate GTBank online / internet banking right from the comfort of your home;

Step 1: Launch the browser application in you mobile

Step 2: Visit the official website of the bank at https://www.gtbank.com

Step 3: Then go to the internet banking registration page.

Step 4: At the top left corner of the website click the dropdown menu, select “Personal Banking” option. Which is the first option

Step 5: Click the option “Ways to Bank”

Step 6: Then select the “Internet Banking” option.

Step 7: Now tap the “Register today” option.

Note: Ensure you fill the form accurately. A verification mail will be sent to the email address associated with your bank account. This mail will also contain your login details.

Step 8: Login with the user ID and password sent to tour mail.

Step 9: Then proceed to change this login details to activate the internet banking service.

GTBank, like most banks in Nigeria, charges its customers ₦52.50 each time you use the GTBank online transfer for a sum above ₦50,000.

Note: DO NOT save your login details on your browser. I once attended a cyber security class where we taught how to remotely harvest someone’s passwords from their browser. Since then I never advice anyone to save their passwords on their browsers. This could potentially compromise your security status.

For safe keeping, the best way to save passwords is to write it down on your diary or a book only you can gain access to.

Mobile Banking

Mobile banking is very popular amongst youths these days. One reason for its popularity is the convenience it brings. And you don’t need to type in your login credentials each time you want to utilise the mobile banking service.

You can login by using your biometric. When this feature is activated all you have to do in place your registered finger on the biometric scanner located on your phone to login to the mobile app

I will give the app a four star rating for the implementation of this awesome feature. As you can tell already, I wasn’t initially a fan of the GTBank online transfer service and I still have my reservations towards this service. That said, I have learnt to accommodate it because going the bank is not an option to me.

So the GTBank has two mobile banking apps. The first is called the GTBank mobile app and its sibling is called the GTWorld app.

You can download these applications from App Store and Google Play Store for iOS and Android users respectively. I’m not quite acquainted with GTWorld mobile app. It was the first mobile application launched by the bank.

However, the GTBank mobile app is my daily driver. It satisfies a majority of my requirements. And it is designed to provide you with convenience. It is very easy to use.

How to register for GTBank online transfer via mobile banking without going to the bank

I will be detailing one method to register for GTBank mobile banking without going to the bank. The other methods will be given in a subsequent post.

Here is how to register for GTBank mobile banking without going to the bank;

Step 1: Launch the browser application in you mobile

Step 2: Visit the official website of the bank at https://www.gtbank.com

Step 3: Then go to the internet banking registration page.

Step 4: At the top left corner of the website click the dropdown menu, select “Personal Banking” option. Which is the first option

Step 5: Click the option “Ways to Bank”

Step 6: Then select the “Mobile Banking” option.

Step 7: Click on the toggle to select the GTBank mobile app you’d like to use.

Step 8: Then insert your email address in field provided and instructions on how to proceed will be sent to your email addresses.

Assuming you have successfully registered for GTBank’s mobile banking service, I will be providing a guide on how to use this service.

How to use the mobile banking for GTBank online transfer

Step 1: Launch the mobile app and login your credentials.

Step 2: Click on the dropdown menu located at the corner of your screen.

Step 3: Select the transfers option.

Step 4: Next you will find; own account to; GTBank account, other banks, and pre-registered transfer. Now select whichever option that applies to you.

In this step you have choose what you want to do. Do you want to transfer money to a customer of another bank? If yes choose the “other banks” option.

However, if the recipient owns a GTBank account, then you have to choose the “GTBank account” option. If you choose this option, you will be shown your account number and the account balance so you known much how you currently have in the bank.

Step 5: Input the beneficiary account number in the field provided, select recipient’s bank name and click the submit tab.

Step 6: Enter the amount you want to transfer.

Step 7: Confirm the payment using your mobile banking PIN. Or if your fingerprint is registered, you can confirm the payment using your fingerprint.

When you get to this step, you will find the recipient’s name, bank name, the amount you want to send. For that reason, this page is called the confirmation page.

Ensure the name of the details on the confirmation page are correct. Take your time to examine the information.

Step 8: If you click the option confim using fingerprint, you will have to place your registered fingerprint on the fingerprint scanner located on your phone.

Now you will see a success notification on your screen saying that the transaction is successful. And then you will see a mobile receipt. Download this receipt in case of an emergency.

Charges on Online Transfers

I will say this again, so you aren’t surprise when GTBank charge you a fee for the transaction. GTBank online transfer via the mobile banking service attracts a total fee of ₦52.50 for each transaction above ₦50,000.

It is an infinitesimal amount when compared to the stress you’ll undergo if you decide to visit the bank to make a tranfer.

The bank will deduct ₦52.50 from your account as soon as the transaction is successful. If you do not have up to ₦52.50 left in your account less the amount you want to transfer, the transaction will not be successful.

Hence, you must have the ₦52.50 left in your account minus the amount you intend to transfer for the transaction to be successful.

Say for instance you want to make a transfer of ₦100,000, you must have atleast ₦100,52.50 in your account for the transfer to be successful.

In January 1, 2020, the Central Bank of Nigeria revised charges on electronic transfers. The new policy states that transfers below ₦10,000 will attract a maximum charge of ₦10. While transfers between ₦10,000 and ₦50,000 will be charged ₦25, and transfers above ₦50,000 attracts a ₦50 charge.

However, most banks add an extra ₦2.50 to ₦3 charge as SMS charges for each transaction.

Final Note

We have been able to analyse the various methods to make an online transfer as a GTBank customer. If you have any question regarding GTBank online transfer feel free to leave a comment below. I’ll see you in the next post, do have a great day and remember to stay safe and positive. Cheerio.

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