Gtbank Introduces E-Account

Guaranty Trust Bank plc has introduced a new virtual account as part of its efforts to cater to the banking needs of the public.

A statement from the bank said that the new e-account is not only cost of transfer free but also offers a 0.5 per cent interest rate above savings account interest rates.

It added that the account is specifically designed to meet the unique financial needs of salary earners and ensure they conduct their banking transactions quickly, safely and conveniently.

The Managing Director of the bank, ‘Segun Agbaje, said the account is a novel innovation that allows salary earners conveniently carry out all their banking activities 24 hours a day, seven days a week, from anywhere in the world, without having to step into a banking hall.

He explained that the account would create value and adequately address the needs of the typical salary earner, who is generally very busy and time conscious, adding, “the account is designed for flexibility and also allows holders access to a wide array of retail loans”.

Agbaje stressed further that the account is a card-based product that allows holders perform their banking transactions outside the confines of regular 8am to 5pm banking hours.

“They can make cash withdrawals via ATMs any time of the day or night. They can also effect third party local and offshore payments/transfers from the comfort of their homes and make purchases at stores/malls and the World Wide Web using their e-Account card.

“The new account is being introduced barely fi ve months after the Bank introduced GTCrea8 eSaver; a virtual and innovative account targeted at students and undergraduates,” he said.

—Henry Ojelu