stanisbaratheon:


Does that mean customers would still be charged even when the transaction didn't go through?

Yes, that's what it means. The fee is for TELCO. A fee to grant u access to the USSD platform where u carry bank activities that the TELCO has no control over the transaction's delivery or failure. It's like using a bank's mobile app, u need INTERNET right? Same Internet u buy. So the session fee is like data to access the USSD 'app'. Whether the transaction is successful or not, u would have used some amount of data/session fee. U gerrit?

.

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

Banks charge N6.98 per USSD transaction. Now calculate:

N286.18 / N6.98 = 41

This means that you transacted 41 times using USSD in January. Some banks like GTB do not deduct charges per transaction. The charges are aggregated and deducted one time at the end of the month. Nothing out of the ordinary here.

TeamLeader:
Is this mtn ussd charge different from normal ussd charge on every transfer?

Wetin concern mtn with GTBank

am wondering what kind of charge is that. I saw my own yesterday the same bank

Smartgeek:
Yes, that's what it means. The fee is for TELCO. A fee to grant u access to the USSD platform where u carry bank activities that the TELCO has no control over the transaction's delivery or failure. It's like using a bank's mobile app, u need INTERNET right? Same Internet u buy. So the session fee is like data to access the USSD 'app'. Whether the transaction is successful or not, u would have used some amount of data/session fee. U gerrit?

That is not good. consumer protection is zero in this country so much so that every business man feels they're doing the customer/public a favour.

The MTN could stand for "monthly" Contact your bank to explain the narration

stanisbaratheon:



That is not good. consumer protection is zero in this country so much so that every business man feels they're doing the customer/public a favour.

Something CBN and NCC being the regulators of Banks and MNOs respectively agreed on?
There is no banking channel that is free. Ever wondered why MFBs don't have dedicated USSD code to access their banking services?

Mobile Network Operators are getting stronger by the day hence the need for banks to synchronise with them.

Banks on the other hand are pushing communications to their customers via emails and sms, encouraging them to use other alternative channels if they do not want to be charged N6.98 session fee on USSD.

Choose your preferred channel.

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

I actually opened this thread hoping to see your account balance.
Why did you censor it?

I received same message from GTB. I was confused as well.

[quote
I don't know about others, but GTWorld (banking app) now charges me for every transaction.[/quote]

You mean GT world charge now ?

fotadmowmend:
Na your balance i wan see first

Ole

Jennyclay:
Deactivate your phone number from your bank account. Start making use of your bank mobile app.

Whatever transaction you wanna do just use your mobile app.

If I should deactivate my line, how would I be getting those alerts because de are important to me o. Biz sake

dalass:


@ OP when I saw this type of message yesterday for the first time, e shock me too

We are in trouble in this country. Person no fit do anything with bank now without charges. Na wa o

TheABOMINATION:
Mobile recharge and other bank USSD transaction used to be paid for with phone credit, I hate how they have changed it to debiting bank account for USSD transactions.

As for the op, he must have been smiling when he was carrying out USSD transactions with getting charged, not knowing that his bank was keeping record and would charge him for all the USSD transactions he carried out during the month.

Bro I get it. And normal they charge me for using the ussd but it seems mtn ussd charge is different from normal bank charges. Seems na mtn de collect this one

Aplaudez:


Op, which bank is it

GTB

Olam09:


Sms fee for first one, then the second one is about using ussd code in buying data or airtime from your bank account. Hope you gerrit now?

My bank ussd charge is different this one is mtn ussd charge. Wetin concern mtn with my bank transactions

JayPeeOham:


Available bal: NGN958,007.56

True or True?

Oosheyy FBI

bleskid:
stop covering your bank balance , u no get shishi

Send me money na

TeamLeader:


If I should deactivate my line, how would I be getting those alerts because de are important to me o. Biz sake

Expecting an alert or not, always check your mobile app.

Infact for business sake, bank mobile app is more preferable and better to check your credit or debit alerts than sms alarts.

Smartgeek:
Yes, that's what it means. The fee is for TELCO. A fee to grant u access to the USSD platform where u carry bank activities that the TELCO has no control over the transaction's delivery or failure. It's like using a bank's mobile app, u need INTERNET right? Same Internet u buy. So the session fee is like data to access the USSD 'app'. Whether the transaction is successful or not, u would have used some amount of data/session fee. U gerrit?

Really?? Are you kidney me? They still charge for a failed transaction? No wonder

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

"Dem supposed wait make midnight reach before them rob you na, Go bank go report dem sey you wan know which of their staff for bank dey operate wen people don sleep". Village People Spokesperson

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

The bolded really cracked me up

The charges they collect now Is just too much...
Bank transfer below 10k: N10
USSD charge: N6
Card Maintenance : N56
Withdraw from ATM of other banks: N30
SMS charge: 50
Multiple by 100,000 people everyday!!!

Aplaudez:

Op, which bank is it

I got similar alerts from GTB ,so am guessing it's them

USSD stands for Unstructured Supplementary Service Data. Also known as "Feature Codes" or "Quick Codes," USSD is a messaging protocol used in cellular networks based on the Global System for Mobile Communications (GSM). iot_glossary Written by EMnify

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

When you recharge using used, you are charge about #6.+ per recharge. On that, the FG charges you via VAT.

At the end of the month, your network provider deduct the accumulated bill from your account and then the vat (7.5%) is charged too on the total accumulation.

It's recommended to recharge using your bank app to avoid those charges.

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

yesterday I had similar experience and I was like , what's really going on in this country sef

It is a USSD session fee charge for each transaction session on USSD. It is N6. 98 for each transaction session, this is usually remmited to your network providers (MTN, AIRTEL, GLO etc). It is advisable that you use your bank mobile app more. and the VAT of 7.5% of that charge is for FGN.

Smartgeek:
Something CBN and NCC being the regulators of Banks and MNOs respectively agreed on?
There is no banking channel that is free. Ever wondered why MFBs don't have dedicated USSD code to access their banking services?

Mobile Network Operators are getting stronger by the day hence the need for banks to synchronise with them.

Banks on the other hand are pushing communications to their customers via emails and sms, encouraging them to use other alternative channels if they do not want to be charged N6.98 session fee on USSD.

Choose your preferred channel.

My interest is centred on being charged transaction fees when the transaction was not successful. You get it now?

Phone charging charges

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

I'll advise you to either remove that screenshot or make a new one and block your account number properly. It's so easy to see the whole number. You should be securely conscious.

Op see your balance 977m you be big name do giveaway na