Are Foreign Merchants still rejecting VISA / MASTERCARD debit/credit cards from Nigeria?

Are you having issues with online / ATM usage of your Nigerian issued Visa Card or MasterCard?

Let us have your say; stating the problem(s) you encounter, if possible, also kindly state the name of the receiving agent or website where you experienced the issues. Also, do not forget to state which Nigerian Bank issued the card to you.

I am here to assist you with any issues especially when it requires a technical solution!

Foreign Currency Transfer made easy via Internet Banking

In line with their synonymous taste for easy and efficient banking, Guaranty Trust Bank PLC upgraded their Internet Banking service to enable their users initiate outward FX transfers from their domiciliary account to any Bank in the world from the comfort of their homes and office.

To access this service, please activate it using the Self Service feature on the Internet Banking platform. You will need your token device to both activate the service and initiate your FX requests.

Please find below, the steps to making your Outward FX transfer:

FX Transfer through the GTBank Internet Banking Portal (for GTBank account holders only)

  1. Log on to http://www.gtbank.com
  2. Click on the Internet Banking login and input your USER ID and PIN
  3. Go to the Self Service menu and add the FX Transfer service functions using your token hardware device to activate the services
  4. To make a transfer, Select FX Transfer service from the menu
  5. Complete the form on the payment page
  6. Reconfirm transfer details and make appropriate adjustments before authorizing payment.
  7. Authorize the transaction using a code generated from your token hardware device and click the ‘submit’ icon to make payment

    A receipt will be automatically generated upon successful payment. Print the receipt.

NB: Please note that this procedure above, applies to already registered GTB Internet banking Users.

Nigerian Bank With The Most Diverse Internet Banking Platform [A Review]

Four of the foremost technology friendly banks in Nigeria were deeply analysed in this review as regards the efficiency of the Nigerian Internet Banking Service.

Of these four were (in no particular order); First Bank Nigeria PLC, Intercontinental Bank PLC, First City Monument Bank PLC and Guaranty Trust Bank PLC.

This review was done with regards to; Uptime of the Internet Banking Platform (%), Ease of Funds Transfer within same Bank, Time Taken to credit / complete an Online Inter-Bank Transfer, Charges on Inter-Bank Transfers, Security.

FIRST BANK NIGERIA PLC
Uptime of the Internet Banking Platform (%): 95%
Ease of Funds Transfer within same Bank: Quick and Instant
Time Taken to credit / complete an Online Inter-Bank Transfer: Service not Available
Charges on Inter-Bank Transfers: Online Inter-Bank Transfers not available
Security: High (Security Token is used to authenticate all transactions)

INTERCONTINENTAL BANK PLC
Uptime of the Internet Banking Platform (%): 98%
Ease of Funds Transfer within same Bank: Quick and Instant
Time Taken to credit / complete an Online Inter-Bank Transfer: Service not available
Charges on Inter-Bank Transfers: Online Inter-Bank Transfers not available
Security: Average (Transaction Password is used to authenticate all transactions)

FIRST CITY MONUMENT BANK PLC
Uptime of the Internet Banking Platform (%): 96%
Ease of Funds Transfer within same Bank: Quick and Instant
Time Taken to credit / complete an Online Inter-Bank Transfer: 2-3hours irrespective of the time of transaction.
Charges on Inter-Bank Transfers: N200 (Two Hundred Naira) per transaction irrespective of amount.
Security: Average (Transaction Password is used to authenticate all transactions)

*FCMB Inter-Bank Transfers are only possible to 8 (Eight) other Nigerian Banks.

GUARANTY TRUST BANK PLC
Uptime of the Internet Banking Platform (%): 99%
Ease of Funds Transfer within same Bank: Quick and Instant
Time Taken to credit / complete an Online Inter-Bank Transfer: 2-3hrs if transaction is carried out between 9am to 12am on work days.
Charges on Inter-Bank Transfers: N35 (Thirty Five Naira) per transaction irrespective of amount.
Security: Very High (Security Token is used to authenticate all transactions and login format guards against key-loggers)

*Guaranty Trust Bank’s Inter-Bank Transfers work seamlessly across all the nation’s banks including transfers of foreign currencies to off-shore banks worldwide.

After all the review factors were taken into consideration and summed up, Guaranty Trust Bank PLC undoubtedly emerged as the Nigerian Bank with the most diverse, efficient and most secured Internet Banking Platform in Nigeria.