Fidelity Bank and Union Bank have announced an increase in the fee charged for SMS transaction alerts, citing an industry-wide rise in SMS costs by telecommunications providers.
Fidelity Bank disclosed that, effective Thursday, May 1, 2025, SMS alert charges would increase from N4 to N6 per message.
In an official statement shared on its X handle, Fidelity Bank justified the adjustment as necessary to continue delivering secure, timely, and reliable transaction notifications to customers.