Guaranty Trust Bank (GTBank) has increased the cost of its SMS transaction alerts from N4 to N6 per message, with the new rate taking effect today, May 1, 2025.
The bank attributes the change to a recent hike in telecom service charges by mobile network providers.
In a customer notice, GTBank said the adjustment was necessary to reflect the rising cost of delivering SMS notifications, a service it described as essential for helping customers monitor and secure their bank accounts.