Several banks in Nigeria have announced an adjustment to the SMS transaction alert fees, increasing the charge from ₦4 to ₦6 per message.
The revised fee will take effect on Thursday, May 1, 2025.
Key Details:
- Banks Implementing the Change: Institutions such as Guaranty Trust Bank (GTBank) and Ecobank Nigeria are among those revising their charges.
- Reason for Increase: The adjustment follows a recent tariff hike by telecom providers, impacting operational costs for banks.
- Customer Notification: Banks have informed customers through official communications, stressing that SMS alerts remain an essential tool for account monitoring and fraud detection.
- Alternative Options: Customers preferring to opt out of SMS notifications can update their preferences through their respective banks.