₦airaland Forum

I've noticed that with any money I send to my account, GTBank withdraws #50. If I make deposits in my account 5 times, it takes #50 five times from my account.

Is this legal? This is wrong. GTBank, stop stealing from me. What is going on in this country? Will someone ever have some kind of respite in her own country?

It's too much.

n.b: please the appropriate mods should take it to the front page.

GTBank, stop stealing from me. It's wrong

Be informed... It's called VAT. You should channel your annoyance to the FG. VAT is deducted from every account when an inflow of more than 1k enters the account.

Call their customer service and lay down your complains.....

No sir,
Stamp duty of N50 is what is deducted from inflow of 10k and above.
Vat is charged on services like Requested statement of account, ATM card etc (withholding tax is on ) interest paid into ur account.
Regards

Rich4god:
Be informed... It's called VAT. You should channel your annoyance to the FG. VAT is deducted from every account when an inflow of more than 1k enters the account.

They do same to me.. Sometimes unexplained 300, naira will go no alert no nothing.

Lush100:
No sir,
Stamp duty of N50 is what is deducted from inflow of 10k and above.
Vat is charged on services like Requested statement of account, ATM card etc (withholding tax is on ) interest paid into ur account.
Regards

Thanks for the correction... But it's actually paid on transaction above 1k.