Business
Banks to begin N6 Charge for SMS Transaction Alerts as Telecom Rates rise
Banks across Nigeria will from today begin implementing a new charge of N6 for every SMS transaction alert sent to customers, following an upward review in telecommunications tariffs approved by the Federal Government.
This new rate reflects a 50 per cent increase from the previous charge of N4 per SMS.
Several banks have already notified their customers through emails about the new adjustment in SMS charges. One such message from Guaranty Trust Bank Limited, titled “Increase in SMS Transaction Alert Fee”, informed customers that the new fee would take effect from Thursday, May 1, 2025.
The message explained that the hike was necessary due to the recent increase in telecom rates communicated by telecommunication service providers.
It further reminded customers about the importance of SMS alerts, noting that the service helps account holders monitor and stay in control of their financial transactions.
The bank also advised customers who may wish to opt out of SMS alerts to update their preferences through a transaction alert form available on its website. Additionally, it disclosed that SMS alerts sent to international phone numbers would attract higher charges.
Flamingos soar into Round of 16 after 4–0 win over Samoa
CAF Champions League: Rivers United beat Black Bulls 3–2, qualifies for Group Stage
National Assembly Committee Approves Creation of New State in South-East
AIBEN unveils another multi billion Naira Bourdillon hotel to boost Abuja’s hospitality sector (Video)
Tinubu host newly appointed Service Chiefs in Aso Villa
ADC questions timing of Military shake-up, cites coup rumours
BREAKING: FATF removes Nigeria from watchlist on Money laundering, terror financing
Tinubu names Rear Admiral I. Abbas as Chief of Naval Staff
Tinubu names AVM S.K. Aneke as new Chief of Air Staff
Tinubu names Gen. W. Shaibu as new Chief of Army Staff
NUJ FCT Council applauds Governors’ support for reserved seats for women bill
Court adjourns Nnamdi Kanu’s trial as IPOB Leader fails to begin defence
Rotary Club of Abuja Maitama leads Polio immunization drive in Duste Alhaji
Court grants bail to Sowore, Nnamdi Kanu’s Lawyer, Other #FreeNnamdiKanuNow protesters
BREAKING: Major Military overhaul as Tinubu dismisses top Service Chiefs, name replacements
BREAKING: FATF removes Nigeria from watchlist on Money laundering, terror financing
AIBEN unveils another multi billion Naira Bourdillon hotel to boost Abuja’s hospitality sector (Video)
Tinubu names Gen. W. Shaibu as new Chief of Army Staff
Tinubu names Gen. Olufemi Oluyede as new Chief of Defence Staff
Tinubu names AVM S.K. Aneke as new Chief of Air Staff
-
News2 days ago
NUJ FCT Council applauds Governors’ support for reserved seats for women bill
-
News2 days agoCourt adjourns Nnamdi Kanu’s trial as IPOB Leader fails to begin defence
-
News2 days agoRotary Club of Abuja Maitama leads Polio immunization drive in Duste Alhaji
-
News2 days agoCourt grants bail to Sowore, Nnamdi Kanu’s Lawyer, Other #FreeNnamdiKanuNow protesters
-
National News2 days agoBREAKING: Major Military overhaul as Tinubu dismisses top Service Chiefs, name replacements
-
News18 hours agoAIBEN unveils another multi billion Naira Bourdillon hotel to boost Abuja’s hospitality sector (Video)
-
National News2 days agoTinubu names Gen. W. Shaibu as new Chief of Army Staff
-
News2 days agoBREAKING: FATF removes Nigeria from watchlist on Money laundering, terror financing