Cash-In-Transit — GTBank Funds Transfer Service

Cash-In-Transit is one of the other services listed under GTBank personal banking. It enables GTBank account holders to send money to friends, family and other beneficiaries who do not have a GTBank account. Rather than requiring an account number on the receiving side, the funds are made available for collection at a Guaranty Trust Bank branch.

• For GTBank account holders sending funds
• Beneficiary does not need a GTBank account
• Funds collected at a Guaranty Trust Bank branch

Customers initiate the transfer themselves on the secure GTBank internet banking platform. After logging on to the Internet Banking page, the customer clicks Payments and then selects Cash-in-Transit or Draft-in-Transit. The beneficiary is then paid at any Guaranty Trust Bank branch.

• Log on to the GTBank Internet Banking page
• Click Payments
• Select Cash-in-Transit or Draft-in-Transit
• Beneficiary is paid at any GTBank branch

Two services are available under this offer: Cash-in-Transit and Draft-in-Transit. Both are selected from the same Payments menu on internet banking. The choice determines how the beneficiary receives the value at the branch.

• Cash-in-Transit
• Draft-in-Transit

GTBank groups its personal banking services into e-Banking Services, IMT Services and Other Services. Cash-In-Transit sits in the Other Services group, alongside Foreign Currency Draft Issue, Financial Advisory and Fast-Track Banking. It is distinct from e-banking offerings such as Online Bill Payment and Airline Ticket Payment, and from the international money transfer services used to receive funds from abroad.

• Listed under Other Services
• Related listings: Foreign Currency Draft Issue, Financial Advisory, Fast-Track Banking
• Separate from e-Banking and IMT service groups

GTBank publishes a notice across its services pages warning about fake sites run by fraudulent parties posing as Guaranty Trust Bank Ltd or its affiliates. Customers are advised not to disclose personal information or financial details to anyone online or elsewhere. As Cash-In-Transit transfers are initiated through internet banking, the notice applies to customers using the service.