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.
Some of the bank charges that GTCrea8 account holders will no longer
have to pay include charges on bank transfers, even when the transfer is
to other banks. 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. GTCrea8
account holders will also enjoy special offers and discounts when they
make use of GTBank’s trendsetting digital platforms, such as Habari,
which offers access to music and video streaming, shopping, messaging,
and bills payment all in one place.
Commenting on the Bank’s removal of bank charges for young
undergraduates, the Chief Executive Officer of Guaranty Trust Bank,
Segun Agbaje said, “Empowering young people in every way we can is the
most valuable investment that we can make for the future. That is why we
have taken this bold step to cover the cost of all their banking
charges, not just to allow them to bank for free, but also to inspire
them to imagine a world free of all limits to their ambitions, and in
which they can achieve their greatest dreams.”
He further stated that “At GTBank, we will continue to find innovative
ways and create new initiatives to give young people all the motivation,
support and platform that they need to thrive. This is the reason we
have made banking free for young undergraduates, and it is also the
reason we are organizing the GTBank Fashion Weekend, the biggest fashion
event in Africa, on November 9-10, 2019 to champion the talent,
creativity and endeavours of our young entrepreneurs.”
Guaranty Trust Bank plc has been at the forefront of supporting
education for all and champions several initiatives that provide
undergraduates with various avenues to learn, interact and have fun
while in school. The Bank is also regarded by industry watchers as one
of the best run financial institutions across its subsidiary countries
and serves as a role model within the financial service industry due to
its bias for world class corporate governance standards, excellent
service quality and innovation.