GTBank removes all Bank Charges for Young Undergraduates on its GTCRea8 Account Product

If you are an undergraduate, between the ages of 16-25, then you can now bank for free withGuaranty Trust Bank (GTBank). The leading, youth-focused, financial institution has announcedthat it will cover all charges on transfers, USSD transactions and bank alerts for holders of itsGTCrea8 Account, a bespoke banking product for young undergraduates between the ages of16-25.GTCRea8 has been a core part of the GTBank’s value proposition to deliver value addingbanking services to young people whilst empowering them to pursue excellence in theiracademics and respective interests. Over the years, tens of thousands of universityundergraduates have benefited from GTCrea8 concerts, masterclasses, digital trainings,Education Support Grants, and several other initiatives championed by the bank to ensurestudents have a more rewarding campus experience. Now, millions of students across thecountry will be able to bank for free following the Bank’s commitment to cover the cost of allbanking charges for GTCrea8 account holders. Some of the bank charges that GTCrea8 account holders will no longer have to pay includecharges on bank transfers, even when the transfer is to other banks. Undergraduates will alsonot be charged for using 737, the bank’s industry-leading USSD service, nor will students becharged for transaction alerts received whether via SMS or email. GTCrea8 account holders willalso enjoy special offers and discounts when they make use of GTBank’s trendsetting digitalplatforms, 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 ChiefExecutive Officer of Guaranty Trust Bank, Segun Agbaje said, “Empowering young people inevery way we can is the most valuable investment that we can make for the future. That is whywe have taken this bold step to cover the cost of all their banking charges, not just to allow themto 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 newinitiatives 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 thereason we are organizing the GTBank Fashion Weekend, the biggest fashion event in Africa, onNovember 9-10, 2019 to champion the talent, creativity and endeavours of our youngentrepreneurs.” Guaranty Trust Bank plc has been at the forefront of supporting education for all and championsseveral initiatives that provide undergraduates with various avenues to learn, interact and havefun while in school. The Bank is also regarded by industry watchers as one of the best runfinancial institutions across its subsidiary countries and serves as a role model within thefinancial service industry due to its bias for world class corporate governance standards,excellent service quality and innovation.