How to Transfer Money with GTBank Mobile Money Transfer Code

Guarantee Trust Bank (GTB) is one of the leading financial institutions in Nigeria. They are one of the most user-friendly banks in Nigeria. Little wonder many young people subscribe to their services. Recently, it was reported that as many as two in five young Nigerians (undergraduates, secondary school students and fresh graduates) have or have had accounts with GT Bank. Not only do their services appeal to young folk, they are also simple and likeable by older people.


One of the services that GT Bank has subscribed to, alongside all other banks in Nigeria as directed by the Central Bank of Nigeria (CBN), is the Mobile Banking Service. Before the onset of Mobile Banking, Internet Banking (e-banking), all financial transactions had to be carried out at a branch of the bank. Today we are able to conveniently make transactions from the comfort of our homes and offices, but in past years everything had to be done at the bank. People would often have to wake up very early in the morning to go and queue at the bank branch to make simple transactions like checking of account balance, making of deposits, making withdrawals from one’s account, opening of account, and etcetera. People would often have to wait long hours to do these transactions, at the expense of their work, family or other things that require their time and attention. Sensing the need for a positive change, coupled with the widespread integration of advanced technology in banking systems around the world – especially in the western countries – the Central Bank of Nigeria began to review its banking procedures and policies, and came up with a solution known as Mobile Banking.

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Mobile banking is simply a revolutionary banking service that simplifies access to accounts by account owners, and it also helps them perform a wide range of transactions without necessarily having to step into the banking hall. The number of services available to customers on the mobile banking platform are increasing daily, and access to these services is also constantly being refined for optimized user experience, smoother transactioning and ultimate customer satisfaction.

‘Mobile banking’, as the name implies, can simply be referred to as ‘Banking on Mobile Phone’. This is because, customers can now have access to their bank accounts to perform transactions therein without going to the bank physically. With the mobile banking service, customers now have their banks at their fingertips.

Services available on the mobile banking platform include:

  • Account Opening
  • Money transfer
  • Balance Enquiry
  • Card less Withdrawal
  • Airtime recharge
  • Data Recharge
  • Bills payment

And a number of other features.

How it works:

The mobile banking system operates based on special codes called USSD codes, which the user has to dial – as they would a phone number – from their mobile devices. GT Bank’s USSD short code is *737#.

How To Transfer Money:

To transfer money via GT Bank mobile money transfer, you only need to have the sim of the phone number that is attached to your account. Once the sim is ready, simply follow either of the following procedures:


Step 1: For GT Bank to GT Bank

  • Dial *737*1# from your phone (the registered phone number).
  • Enter the amount to be transferred
  • Enter the account number of the beneficiary’s account.
  • Use the last four digits of your GTBank Naira MasterCard to authenticate the transaction.
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Alternatively, you can skip this long process and follow this simple one:

  • Dial *737*1*(the amount to be sent) * (the recipient’s account number) #. Then use the last four digits of your GTBank Naira MasterCard to authenticate the transaction.

It’s that simple!


Step 2: For GT Bank to other banks:

  • Dial *737*2#
  • Enter the amount to be transferred
  • Enter the beneficiary’s account number
  • Confirm the beneficiary’s bank
  • Confirm the transaction details
  • Use the last four digits of your GTBank Naira MasterCard to authenticate the transaction.

Alternatively, you can simply follow this:

  • Dial *737*2*Amount*Beneficiary’s account Number#
  • Confirm the bank name, and use the last four digits of your ATM card to authenticate the transaction.

It’s that simple.

Afterwards, wait for a confirmatory alert from the bank.

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