As part of efforts to improve savings culture and
enhance under-banked individuals operate an
account, Guaranty Trust Bank, has partnered with
Etisalat, in Nigeria to create GTEasySavers, a
savings account which enables individuals to
achieve financial goals while operating a regular
bank account via mobile phones.

The synergy from both sectors will enhance
service delivery and offer customers, unparalleled
lifestyle with loyalty benefits. Registered
subscribers of Etisalat network can conveniently
open a GTEasySavers account by simply dialing a
USSD short code –“737*0#”via their mobile
phones, and a ten digit GTBank account number
is sent via SMS immediately.

Funding of the account can be done by Cash
deposits at Etisalat Experience Centers and
GTBank branches; electronic transfers from other
bank accounts; Cash Deposit ATMs at GTBank
branches and GT Express Agent locations.
Speaking on the partnership, the Managing
Director and Chief Executive Officer, Guaranty
Trust Bank Plc, Segun Agbaje said, we are
passionate about driving the CBN’s financial
inclusion strategy in ensuring the under banked
and unbanked, begin to find the propositions of
banking services more attractive and convenient
and then take the bold step of patronizing our
numerous bank products and offerings, a passion
which we fully share with Etisalat Nigeria.
The GTEasySavers account operates like a regular
bank account and is in line with the Central Bank
of Nigeria’s financial inclusion strategy for the
country.

Transaction limits on the account is pegged at
CBN’s Tier 1 KYC status limits of N20, 000 for
single deposits and maximum cumulative of
N200,000 account balance at any point in time.
Benefits for account holders include free airtime,
higher interest rates on savings and quarterly
rewards. According to Chief Executive Officer,
Etisalat Nigeria, Matthew Willsher, the new
chapter is a continued growth of the banking
industry made possible through GTEasySavers by
GTBank and Etisalat Nigeria.
“Enabling account opening via an Etisalat phone
will make it more convenient for individuals to
carry out transactions using the transformative
power of the banking system.

Etisalat currently has the highest quality network
in Nigeria and our partnership with GTBank is
designed to add value to the lives of our
customers and make banking more accessible”.
“We will continue to offer innovative products and
services in fulfillment of the promise we made to
Nigeria over six years ago when we commenced
operations in the country.

The partnership will also begin the journey for
unbanked customers from our over 22 million
subscriber base, he said. Head of eBay I ness,
Etisalat Nigeria, Bolaji Lawal, said the alliance is
an avenue to strengthen the financial system and
encourage savings which makes banking easier.

Sveen:
Lalasticlala please help me move this topic to business section, I was told I couldn't post there yet.

Thanks!