Remitly Money Transfer at GTBank

The Remitly money transfer service is a payment service available to beneficiaries in Nigeria as cash pick-up or account deposit remittances. Remitly operates as a global money transfer and payments company with a network covering America, Europe, Asia, Africa, the Philippines and Australia. GTBank has partnered with Remitly to offer the service as a value-added payment option covering business to business (B2B), business to person (B2P) and person to person (P2P) transfers.

• Global money transfer and payments company
• Network across America, Europe, Asia, Africa, the Philippines and Australia
• Supports B2B, B2P and P2P remittances
• Delivered in Nigeria through a GTBank partnership

Remittances sent through Remitly are processed at GTBank via three payout routes. Beneficiaries may collect Naira cash over the counter at a branch, or have funds deposited into a Naira account held either with GTBank or with another Nigerian bank.

• Naira cash pick-up service in any GTBank branch
• Account deposit into any GTBank Naira account
• Account deposit into any third-party bank Naira account

The service is open to both GTBank account holders and non-account holders. Funds must be sent in the customer's account first name and surname, and account deposits are made in Naira into a GTBank or third-party bank account. Customers receiving deposits must hold an active Naira account with a 10-digit NUBAN number, while cash pick-up and transfers require the presentation of a valid identification document. Per the Central Bank of Nigeria's mandate, the Naira equivalent of proceeds over $200 is subject to the stated conditions, and beneficiaries receive the exact amount of funds without being charged.

• Funds must be sent in the customer's account first name and surname
• Open to GTBank and non-GTBank account holders
• Active Naira account with 10-digit NUBAN required for deposits
• Valid ID required for cash pick-up and transfers
• Non-GTBank customers can collect cash over the counter
• Beneficiary receives the exact amount and is not charged

Remitly is listed on GTBank's services pages under International Money Transfer (IMT) services, described as an instant, secure and convenient alternative for receiving funds directly into a GTBank account from anywhere in the world. It sits alongside other inbound and outbound transfer options offered by the bank. GTBank also notes on these pages that customers should be mindful of fake sites run by parties posing as Guaranty Trust Bank Ltd or its affiliates and should not disclose personal or financial details online.

• Listed under IMT Services on GTBank's personal banking pages
• Offered alongside Western Union, MoneyGram, Transfast, RIA, Thunes and VigiPay
• GTBank International Money Transfer available in branches