₦airaland Forum

Kobicove:
If you like use because of 2Naira extra bank SMS charge to move your money from a standard commercial bank to a fintech where only one person makes all the decisions simply because they told you that they don't make any charges...I pity your life!

Make u dey try get sense.
You can't tell people where to keep their monies.

Nigerians are already bending to adapt and they call it resilience, something that's cowardice.

Gunayo:
Use any of Opay, moniepoint or palmpay and save yourself the stress and extortion.

Id create one now lol

Standard chartered bank offers free sms and zero transaction fees.

Emeskhalifa:
Why will I have a smart phone, and still subscribe for sms alert?

Una sha get money o

But they do subscribe customers by default

Maobichek:
All transfer, credit receive via Opay above 10k will debit you 50 Naira while First bank is 26 Naira; Opay is milking people more than these commercial banks.

Not true.
The 50 is FGN electronic money transfer levy, which is applicable to all banks.
Opay and other Fintech started charging lately.

Dont blame the banks entirely these problems are engineered to keep people poor.

“We must keep Africa poor, in other for the West to stay rich”- Dr Howard Nicholas says. pic.twitter.com/T82Qygzc5g

— Typical African (@Joe__Bassey) May 1, 2025

Emeskhalifa:
Why will I have a smart phone, and still subscribe for sms alert?

Una sha get money o

Transaction Alerts are essential as they help you monitor and control your account activities in real time. We encourage you to retain your subscription to this service.

GTB is the most annoying, sms alert on transfer charges, sms alert on stamp duty, charges on unsuccessful ussd transactions and they will still send you sms alert on the unsuccessful ussd charges. Imagine sms alert on transfer charges of 10 naira. Depleting your money with them with unnecessary sms alert. Why multiple alerts on a single transaction?

Switch to email and bank app notifications ..what kinda of daylight robbery is this ?! ..🤔

Emeskhalifa:
Why will I have a smart phone, and still subscribe for sms alert?

Una sha get money o

Don't be myopic.

Its still the same thing. Its like you didn't read the article fully!

Gunayo:
Use any of Opay, moniepoint or palmpay and save yourself the stress and extortion.

They are registered with SEC and CBN. So no need for worrying.

Kobicove:
If you like use because of 2Naira extra bank SMS charge to move your money from a standard commercial bank to a fintech where only one person makes all the decisions simply because they told you that they don't take any charges...I pity your life!

i have long made a decision to stop receiving alerts and it has helped me to be more accountable..
Good riddance to bad rubbish

Fintechs are for day-to-day transactions. Commercial banks are for saving.

Abi you wan save your entire life earnings with fintech! Lol.

inoki247:
Fintech straight....


Who's still dey use Commercial bank for day to day transaction unless u wan use am apply for Loan...


If not it's just a waste of time the Fintechs are more reliable and no any how charges even better security...

ShakurMY:
Transaction Alerts are essential as they help you monitor and control your account activities in real time. We encourage you to retain your subscription to this service.

How does it help monitor and control account activities? After all it only notifies you of transactions that takes place on ur account.
It is far wiser to receive notifications from the bank app itself or subscribe for email service ( which to me is far better that the charged alert service).

But you must use data!

sleek214:
I use app

What do you use currently to check alerts?

Raphsays:
i have long made a decision to stop receiving alerts and it has helped me to be more accountable..
Good riddance to bad rubbish

Those glutinous kleptocrats are heartless. They have squandered all the oil money, internally generated revenue, foreign reserves, excess crude servings, Zamfara gold money, etc.

Now, you send money for a coffin to bury the dead caused by Tpain suffering, Tinubu cuts his share, you send money for food, Tinubu cuts his share, you transfer money for anything, Tinubu cuts his share.

Only in Nigeria, this does not happen anywhere else.

Love800:
They are registered with SEC and CBN. So no need for worrying.

Being registered with SEC and CBN does not mean that they have the same strong internal controls, corporate governance and succession plans that commercial banks have!

Love800:
What do you use currently to check alerts?

my lovely app.
i also get real time email notifications free of charge.

Maobichek:
All transfer, credit receive via Opay above 10k will debit you 50 Naira while First bank is 26 Naira; Opay is milking people more than these commercial banks.

They are not milking but just following the instruction by the government. They are 100% better than those commercial banks.

Yea, you very right on this one. The matter is complicated sha. Ordinary citizens like us, cant know fully what really goes on there!

Kobicove:
Being registered with SEC and CBN does not mean that they have the same strong internal controls, corporate governance and succession plans that commercial banks have!

You mean the usual bank app?

Raphsays:
my lovely app.
i also get real time email notifications free of charge.

BetterLife101:
Milk the poor!!!

make una ride on!

A day cometh!

And tomorrow now the incompetent Tinubu will say let the poor breath..it's a pity

Renewed hope to renewed shege

Love800:
Fintechs are for day-to-day transactions. Commercial banks are for saving.

Abi you wan save your entire life earnings with fintech! Lol.

Lol commercial bank are not safe up to Fintech or is Heritage bank a Fintech....


People have been putting money and saving in ordinary Piggyvest and nobody have cried Abt that..

Gunayo:
They are not milking but just following the instruction by the government. They are 100% better than those commercial banks.

It's good you didn't deny the obvious, whether it's FG or CBN, all transfer and money received above 10k via Opay will deduct 50 Naira from both the sender and the receiver, i use Opay so I'm not exaggerating ok!

Cti28:
[/b]
Not true.
The 50 is FGN electronic money transfer levy, which is applicable to all banks.
Opay and other Fintech started charging lately.

It's good you didn't deny the obvious, all transfer above 10k attracts 50 Naira deduction from both the sender and the receiver, i transferred on 3 different occasions yesterday and 50 Naira was dedicated from all the transfer because it was above 10k, thank you.

Maobichek:
It's good you didn't deny the obvious, whether it's FG or CBN, all transfer and money received above 10k via Opay will deduct 50 Naira from both the sender and the receiver, i use Opay so I'm not exaggerating ok!

what about the some transfer that is free and bonuses you receive when you buy card, data and pay utility bills among others. Can the commercial banks do that?

fred04:
Can beat your chest that what you just said is correct 💯??

I use Opay, i have absolutely no gain lying against Opay, i did 3 different transfer yesterday above 10k and 50 Naira was deducted from each of those transfer, even the monies i received that are above 10k, they deducted 50 Naira from my Opay acc.