Guaranty Trust Bank plc has introduced a new virtual account as part of its efforts to cater to the banking needs of all segments of the Nigerian populace. The new ‘GTBank e-Account’ which was launched recently is not only COT free but also offers a 0.5% interest rate above savings account interest rates.
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.
According to Mr. Segun Agbaje, Managing Director/CEO of Guaranty Trust Bank plc ‘The GTBank e-Account is a novel innovation that allows salary earners conveniently carry out all their banking activities 24 hours a day, 7 days a week, from anywhere in the world, without having to step into a banking hall.
The account is designed for flexibility and also allows holders access to a wide array of retail loans’. Mr. Agbaje further assured our correspondents that the e-Account would create value and adequately address the needs of the typical salary earner, who is generally very busy and time conscious.
The GTBank e-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 anytime of the day or night.
They can also effect 3rd 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 five months after the Bank introduced GTCrea8 eSaver; a virtual and innovative account targeted at students and undergraduates.
Guaranty Trust Bank plc was established in 1990 and has within the last 21 years come to be recognised as one of the most innovative, service focused and profitable banks in the Nigerian financial market space.
The Bank’s recent audited results show a Gross Earnings of N188.8 billion and Profit Before Tax was N65.6 billion for the December 2011 financial year. Profit After Tax and Extra-ordinary item for the period was N52.7 billion, representing a 35.4 percent improvement over 2010’s N38.3 billion.