chinkichun:


You're obviously not a Banker

iyaegin:
I think it is very obvious to the learned that this post cum d Op is actually the stupid nonsense.
Have you not wondered why it was only N20, 000 the robbers were able to transfer and no more.
Do you realise the account the funds were transferred to can be traced and with proper investigation when our Police decide to turnup the culprit can be traced in a matter of days more especially in this day and age of BVN.
It is okay to express your concerns but do it with some common sense and not nonsense.

There's more to say but i will stop here.

coolbreeze44:
The advantage is more than the disadvantage. The introduction of the BVN makes so much sense when theft such as that mentioned by the OP is perpetuated. It will take less than 10mins to get to know the criminals that did that. I am sure the GTB management would have done a proper survey and brainstorming before embarking on the *737# concepts.

Donmams:
Nonsense post by OP.

Needlessly castigating one of the best banking innovations of our time.
I would have zero problems as far as crooks are willing to steal my money via bank transfer!
In this day and age of BVN, the foolish thief who does that will be leading you straight to his doorstep!

Even if he provides a fake Address, his biometric data will be flagged and anywhere he opens a new account or makes a transaction within a banking hall he will be arrested immediately!

There is nothing 'unsafe' about it! Unless that criminal is a fool he will never attempt transferring money to another account as it is just too easy to trace. This is why the BVN was introduced in the first place! To stop financial crimes completely!

BCISLTD:
what kind of criminal transfers money to his own account?

anochuks08:
I wonder how the banking sector operates and common sense doesn't prevail there I see. If I were to head the banking sector, all these scams will be minimized or drastically reduced.
Sometimes I ask why someone will run to the bank that he was defrauded or a similar case like the one above and the bank will do absolutely nothing about it. Why not transfer or reverse the funds back to its source? if the funds have been withdrawn, why not place a lien on the account and reverse when the account recieves a deposit?

dominique:
I also agree that the four digit pins should be set by the customer and not the last four digits of their ATM. Imagine living in a crowded environment. It doesn't take much for someone to take a peek at your ATM card to memorize your pin and then find a way to get hold of your phone.

iyaegin:
I think it is very obvious to the learned that this post cum d Op is actually the stupid nonsense.
Have you not wondered why it was only N20, 000 the robbers were able to transfer and no more.
Do you realise the account the funds were transferred to can be traced and with proper investigation when our Police decide to turnup the culprit can be traced in a matter of days more especially in this day and age of BVN.
It is okay to express your concerns but do it with some common sense and not nonsense.

There's more to say but i will stop here.

Haryohdeji:
do you know that the transaction can only be done on the phone you used to open your bank acc. So its not that possible for anybody to transfer your money at your back.

Exponental:
@Op, your post is the beautiful nonsense.
Make a police report, the account the money was transferred to will be traced. With email and SMS notifications, u can get the account easily, better still, visit ur bank.
Do u think ransom collectors that collect CASH are fools?

olayinkajnr:


In as much as the op is right, he is wrong about the last 4 digits on the ATM card. The pin required to complete any transfer using the 737 code is your ATM card pin, which I believe those thieves won't have guessed right if the victim didn't tell them when threatened. I also make use of the 737 service to transfer and perform other transactions and I've never been asked to input any last 4 digit of ATM card. Only your ATM pin will be requested.. Op, Pls next time, make your findings well before u conclude.

dominique:
I also agree that the four digit pins should be set by the customer and not the last four digits of their ATM. Imagine living in a crowded environment. It doesn't take much for someone to take a peek at your ATM card to memorize your pin and then find a way to get hold of your phone.

x240:


Maybe you keep your mouth shut instead and do your findings well.

here is a screenshot of a transfer i was about to do just now.

olamide452:
So true, though it's fast and stress free, it's also risky. Even someone close to you can transfer the money and instantly delete the debit alert

ceekay247:
Your friend should have hotlisted his card by calling GTCONNET on 08039003900 or 08029002900 immediately he lost his card. Even could have also block his line by calling the mobile service provider (Airtel - 111, MTN - 180, etc). These processes could have render the thief efforts senseless. The *737# USSD idea is a beautiful innovation that other banks will soon bench mark GTBank on and not "beautiful nonsense" as you tagged it. I have been using it for several months and it is highly convenient and safe. Just for card holders and phone users to know what next to do immediately you lost your cards and phone. *737# is a welcome innovation. ....wouldn't you rather bank with us

olayinkajnr:



Maybe you should learn how to validate your points without trying to shut others off, is that how you learn?. What I just wrote was my experience with the service and never have I entered my last ATM card code except my ATM card pin. And btw, u can always make a point and let others see reasons with you without adding insult to it. #peace

Donmams:
Nonsense post by OP.

Needlessly castigating one of the best banking innovations of our time.
I would have zero problems as far as crooks are willing to steal my money via bank transfer!
In this day and age of BVN, the foolish thief who does that will be leading you straight to his doorstep!

Even if he provides a fake Address, his biometric data will be flagged and anywhere he opens a new account or makes a transaction within a banking hall he will be arrested immediately!

There is nothing 'unsafe' about it! Unless that criminal is a fool he will never attempt transferring money to another account as it is just too easy to trace. This is why the BVN was introduced in the first place! To stop financial crimes completely!

Azumy:
some people funny wia ur
ATM and cell fone has been used by sum1 else how is d bvn suppose to detect DAT the transaction wasn't made by you.

suco01:



Pls hw fast will d culprit be apprehended?. Also the CBN and all dose commercial banks are part of the pple scamming us, Instance is stamp duty charge on savings account and CBN said they dont charge stamp duty on savings account bt Stanbic IBTC and Access charge me, First bank, GTBank, Eco bank and some other banks deduct money frm customers account and while u complain, they dnt justify the integrity in d deduction of the money. What/How has CBN as the Apex bank incharge of activites performed by all these commercial banks has done to arrest those commercial banks on irregular deduction on customers accounts?.

amjou:
He can trace his money na.
Let him go to GTB, they will check up d account and bank the money was sent to.
This is so easy, I think.

iyaegin:
I think it is very obvious to the learned that this post cum d Op is actually the stupid nonsense.
Have you not wondered why it was only N20, 000 the robbers were able to transfer and no more.
Do you realise the account the funds were transferred to can be traced and with proper investigation when our Police decide to turnup the culprit can be traced in a matter of days more especially in this day and age of BVN.
It is okay to express your concerns but do it with some common sense and not nonsense.

There's more to say but i will stop here.

jagojunior:


Calling Customer Care is faster than the thieves dialling *737# to enable a transfer? Let's be realistic here please, GTbank shouldn't have automatically placed all customers on the service and violating the rule of PIN is another issue. Those making suggestion about a police report and tracing the money are just learners. My folk got scammed of 320k at the beginning of last month and had done the police report/tracing stuffs yet we haven't heard anything from them till date. Imagine losing your life savings because of such security flaw and undergoing the rigorous task of recovering your money, who is going to be sustaining you while at it?

I like the Op cos he went further to suggest a solution to the flaws. GTBank should please do the needful and other banks trying to key into this innovation should build a better system for us. Surely, we will achieve a near perfect system in everything if we are open to good suggestions and can work towards achieving them. Shalom!

olamide452:
So true, though it's fast and stress free, it's also risky. Even someone close to you can transfer the money and instantly delete the debit alert