₦airaland Forum

Banks will commence implementing charges for alerts and other short messages (SMS) communications to their customers at the rate of N6 for every SMS transaction with effect from today.


This is coming on the heels of the increase in telecommunications rates by telecommunication providers following a nod by the Federal Government.


The SMS charges were increased by 50% to N6 from the previous N4 per message.

Various banks had sent emails to their customers to inform them of the new SMS rate.

For instance, an email from Guaranty Trust Bank Limited with the heading “Increase in SMS Transaction Alert fee” read: “Dear Valued Customer, Please be informed that effective Thursday, May 1, 2025, the SMS transaction alert fee will increase from N4 to N6 per message. “This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers.


“Kindly note that transaction alerts are important and help you keep track and stay in control of activities on your account.

“If you prefer not to receive transaction alerts via SMS, you can update your preferences by completing the transaction alert form on our website.

“SMS alerts to international phone numbers are subject to higher charges.”

Source: https://vanguardngr.com/Banks-customers-to-pay-N6-per-SMS-transaction-alert-starting-today

Extortion every where

This government is out to improvirise Nigerians.

Nigerians should form a non political party coalition to vote this bad government out of power,we shouldn't allow it to go for a second term.

If they are even using the money judiciously,it would have been better, they are looting it and spending it aimlessly.

What do the citizens stand to gain in this country? You put your money in the bank, they tax the money to enrich themselves and end up declaring billions of profit. Yet,the give cannot regulate all this abnormal policies

They want to squeeze the shit out of us

Una never see anything,some idiots will be busy defending this inec p,man just leaving large,leading without sacrifice and direction

I think TINUBU is the worst president of this country.

That was how I was charged almost 1k for Alert. Nah to enter bank go cancel the SMS. I'm not interested in their messages.

Tinubu bots like helinues and co will applaud this move.

Nigerian banks are the most fraudulent banks in the world...weather ecomonlmy bad ooo or e no bad dem dey alys declare massive profits ..

Na Whatsapp we go dey use be that

Celestialsword:
This government is out to improvirise Nigerians.

Nigerians should form a non political party coalition to vote this bad government out of power,we shouldn't allow it to go for second term.

If they are even using the money judiciously,it would have been better, they are looting it and spending it aimlessly.

Is government the owner of the banks?

Moreover you can decline the use of SMS and subscribe to email alert

The country is so divided, if you form the party and the presidential candidate is Tribe A, Tribe B and C will claim it's not tribe A's turn. There's no hope for this country. Tinubu budgeting 10billion on solar for Villa but less than 5 billion for university development and he's still having lots of supporters, watch how they will attack this comment. He promised us he will use the subsidy money for development of the country, but development we no see, return fuel back to the way it was, he no gree. There's no hope my brother , there's no hope

Celestialsword:
This government is out to improvirise Nigerians.

Nigerians should form a non political party coalition to vote this bad government out of power,we shouldn't allow it to go for second term.

If they are even using the money judiciously,it would have been better, they are looting it and spending it aimlessly.

This 6 naira charges started since March

APC members are excluded

CBN is FGN, they charged stamp duty, charges on transfer was increased and transfer charges per N10K was included, we kept quiet, all the VATs and certain percentages on this charges are going back to FGN

Too Small.

They should make it N50 per SMS.

N50 is a Fair and Affordable price.

[quote author=Miles300 post=135193070]Nigerian banks are the most fraudulent banks in the world...weather ecomonlmy bad ooo or e no bad dem dey alys declare massive profits ..[/quotes

And they find it hard to give loans to entrepreneur and innovators.

Indeed let the poor breath.

Very stupid old white powder snuffing fool. Very useless man

A useless bot will not see anything wrong with this government.
That bot has no other job than being online 24 hours because of 30K stomach survival.

Nawa o

adenigga:
Source: https://vanguardngr.com/Banks-customers-to-pay-N6-per-SMS-transaction-alert-starting-today

I dey go deactivate my alert.

Una don forget say na T-P era una dey

Just stay tune and enjoy the ride

Tinubu will kill Nigerians

adenigga:
Source: https://vanguardngr.com/Banks-customers-to-pay-N6-per-SMS-transaction-alert-starting-today

Ebilokan is killing us softly with charges, subsidy removal, naira devaluation, taxes, unemployment, hyperinflation, extreme poverty, corruption and insecurity so that he can enjoy more luxury.

Is this what we bargained for in 2015 when he made Buhari APC change messiah after calling him expired four years earlier? Is this shege not too much

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

Freetech:
Is government the owner of the banks?

Moreover you can decline the use of SMS and subscribe to email alert

''This is coming on the heels of the increase in telecommunications rates by telecommunication providers following a nod by the Federal Government''.

Did you read the above line from the news??

Who knows how to deactivate SMS alerts for GTB please? Their email said I should download and fill an e-form but I don't know which one.

koladata:
The country is so divided, if you form the party and the presidential candidate is Tribe A, Tribe B and C will claim it's not tribe A's turn. There's no hope for this country. Tinubu budgeting 10billion on solar for Villa but less than 5 billion for university development and he's still having lots of supporters, watch how they will attack this comment. He promised us he will use the subsidy money for development of the country, but development we no see, return fuel back to the way it was, he no gree. There's no hope my brother , there's no hope

the bastard is enriching himself and governors with the subsidy money while those useless supporters are claiming he has increased monthly allocation to each state.

I Will stop SMS alert and enable email alert, we are losing a lot in this country,