PRESS RELEASE
Lagos Nigeria – May, 2015.
Guaranty Trust Bank plc, a foremost financial institution in Africa and Etisalat, one of Nigeria’s most innovative and fastest growing telecommunications company have partnered to introduce GTEasySavers, a savings account that is easy to open and easy to save; designed to enable under-banked and unbanked individuals achieve their financial goals while operating a regular bank account via their mobile phones. This strategic alliance which will enhance the service delivery of both brands, will offer customers, unparalleled lifestyle and loyalty benefits.
Registered subscribers of Etisalat network can conveniently open a GTEasySavers account by simply dialing a USSD short code – “737*0#” via their mobile phones, and a ten digit GTBank account number is sent via SMS immediately. Funding of the account can be done by Cash deposits at Etisalat Experience Centers and GTBank branches; electronic transfers from other bank accounts; Cash Deposit ATMs at GTBank branches and GT Express Agent locations.
Speaking on the partnership, the Managing Director and CEO of Guaranty Trust Bank plc, Mr. Segun Agbaje stated that “we are passionate about driving the CBN’s financial inclusion strategy in ensuring the under banked and unbanked, begin to find the propositions of banking services more attractive and convenient and then take the bold step of patronizing our numerous bank products and offerings, a passion which we fully share with Etisalat Nigeria”.
The GTEasySavers account operates like a regular bank account and is in line with the Central Bank of Nigeria’s financial inclusion strategy for the country. Transaction limits on the account is pegged at CBN’s Tier 1 KYC status limits of N20,000 for single deposits and maximum cumulative of N200,000 account balance at any point in time. Benefits for account holders include free airtime, higher interest rates on savings and quarterly rewards.
