It is, of course, quite disappointing to be unable to make transfers you want to make because your bank has a certain transfer limit for daily, weekly, or even monthly. But not to worry, if you are looking to make GTB transfers beyond stipulated limits by the bank, then this article is for you.

By the way, though, it would be fair to kindly note that the reason for banks setting these limits is to reduce the amount that could be withdrawn from your account in the case of an account hack.

In this article, you’ll be learning how to increase your transfer limit on:

• Your GTBank mobile app and
• The USSD code for mobile banking (for those who do not have or use the GTBank mobile app).

Increasing Your Transfer Limit in the GTBank Mobile App

Since the advent of the internet, everything has evolved technologically and the banking sector is not taking the back seat.

The former transfer limit for the mobile app was pegged at N1million for Savings Account users, while the Current Account user’s transfer limit was set at N3million. The current account transfer limit is usually higher than the savings. Some customers were not okay with the limit, especially customers who are big business owners or big salary earners that would want to make certain large transactions from their bank but couldn’t. So GTB heeded the yearnings of its customers by increasing their daily transfer limits. For savings account, the limit was increased to N2million, and N5million for the current account, in late 2019. Lately, there has been a rumor that the transfer limit for a current account has been increased to N10million. Although, up until this moment, it has not been confirmed.

So, it is now possible to make transfers from your account beyond your initial limit; all you have to do is follow these instructions and you’d be on your way to doing so:

• Visit any of the GTBank branches close to you, locate the Customer Service section, and tell the representative that you want to increase your daily transfer limit on your mobile app.
• You would be given a form to fill out. Fill in the correct information on the form. Remember that the Current account transfer limit is higher than that of Savings. So, be sure to ask the representative what the limit for the account you operate is, before you fill in the amount you want to be transferring henceforth from your mobile app on the form. Kindly note that the amount you would be filling on the form has to be greater than the usual transfer limit.
• After filling in your information, submit the form back to the Customer Service representative and wait for them to process it. It does not take that long to process; at most, it should be done in a question of minutes. And the Customer Service representative does the processing right there in your presence.

That’s it for the mobile app.

It is much more frustrating for customers who do not have the mobile app, for reasons such as not having an internet-enabled phone, or something else. However, we got you, no need to worry.

Normally, the transfer limit for USSD is five hundred thousand naira (N500,000), and much lower if you did not create your PIN with your Debit Card (otherwise called ATM Card). The limit was formerly N200,000 until the bar was raised sometime late last year, 2021, to N500,000.

Increasing Your GTbank Transfer Limit Using the USSD Code

The mode by which your PIN was created will determine your daily transfer limit. A PIN created without a debit card sets your transfer limit low, and a PIN created with a Debit Card sets your daily limit higher.

So, you can also increase your limit by:

• Visiting any GTBank branch and requesting a debit card which comes at the price of N1,075, VAT inclusive.
• And then dial *737#on your phone number linked to the bank.
• Select option 3to change your exiting PIN using your debit card this time.

In addition, perhaps, you should consider getting a hardware token. It comes at a price, which used to be around N3000 but may cost more right now. The hardware token is another layer of security to ensure the safety of your money. It is a small mobile device that generates different codes for different large transactions. This is to ensure that your money is never withdrawn in the case of theft or other related incidence like fraud or hacking. This is because the hardware token would have to generate a new code for every transaction, which would not be possible because you have it with you.

Picture this: you misplaced your phone, or it was stolen from you, and attempts were made to withdraw your money. A code would be required to successfully make the withdrawal, but only the hardware token generates that and it is with you (the owner). So, unfortunately, for them, there’s no way your money can be withdrawn from your account. Cool isn’t it?

To get the hardware, you just have to walk into any GTBank branch and request a hardware token. The fee will be deducted from your account, or so.

The good news for users who do not want to go through the stress, or spend money on the hardware token, is that they can generate codes from their mobile phones by following the steps below:

• Dial *737*7#on the phone number that is registered or linked with your GTBank account.
• Enter your NUBAN Account number (the NUBAN Account number is still your normal account number).
• Enter the last six digits of your GTBank debit card.

Conclusion:

Although the mobile app transfer limit is still higher than the USSD, going to the bank to make deposits of very large sums of money might be preferable. This is so because there is no limit to how much deposit you can make since you’re present there physically.

In all, technology is out to make things easier for us, so why don’t we embrace it? The days when we stayed queuing and spent hours to get a simple thing done are gone.

We hope that this article has helped clear some things you were initially not sure of and that you have learnt a thing or two. And as well understand how to increase your daily transfer limit either on the GTBank mobile app, on your mobile phone using the USSD code, or both. However, in case you want to get further information concerning the above topic, you can reach out to your bank by paying a visit and get all the information you want. Have a nice time!