One of Nigeria’s leading banks, Guaranty Trust Bank (popularly known as GTBank) has just released its mobile money app on the Google Play for Android users and on the Apple App Store.

The bank says it is working on releasing the app via the Blackberry World (formerly Blackberry App World) and the Nokia Ovi Store, although we’re not sure why it’s leaving out the Windows Store.

The app allows you to send money from your mobile phone to another mobile phone or bank account, even on the go, and you don’t have to have a GTBank account to use the app.

Perhaps one of the most interesting features is that you can link your GTBank account to the app, though you need to do so by filling a request form at a physical GTBank branch.

With GTBank’s Mobile Money app, you can make cash deposits into your mobile money account via the Quickteller portal or Quickteller-enabled ATMs. You can also make cash withdrawals from GTBank ATMs without a card as well as fund transfers to any recipient, whether they are mobile money subscribers or not as well as to other banks.

However, some of these features are not yet available as well as basic transactions such as buying airtime, bill payments, etc.

Once you download the app and register for a GTBank mobile money account (this process is pretty quick requiring your mobile number, first and last name and your date of birth), you would need to activate the account with a unique One-Time-Password (OTP) or activation code and choose a 4-digit PIN to ensure privacy of your personal information and security of funds.

If you’re using an iPhone device, it gets more secure, since your GTBank mobile money app can only be accessed from your iPhone and would require your Apple ID to use the app.

Have you tried the app yet? What are your experiences so far?