fittty:

Sure it does fluctuate. The exchange rate for the day you make the transaction is what you'll be charged. To get the current exchange rate you'll call GTConnect.

In between you're beautiful. Good looking.

Thanks a lot for the info, Fittty! Thanks too for the compliment

mavinc4u:
how do i buy the moneyorder online. I loggined in to their site and i saw moneygram and xoom and nothing like purchase moneyorder. Can i get it from their store in Nigeria.

I am not sure you can purchase a money order from Nigeria but you should probably check with the banks. We used to have (probably still do have) postal orders which were/are sold in post offices and can be used in place of money orders/cheques.

souleymon: How long does it take for money order to be cleared at the bank?

2-3 business days, I would say. It will depend largely on the bank, though. It is virtually processed like cheques.

webstradamus: Just in case anyone is still looking for a cost-effective (or should I say cost-free ) way of transferring money from their GTB account to their US bank account, simply go to any Walmart and purchase a money order in your name using your GTB Naira Mastercard. You can then pay in the money order to your US bank account. You do not incur any charges from GTB (since it is a POS transaction) and the money order only costs $0.70 (70 cents). If you ask me I'd say this is the cheapest and fastest way to transfer funds to the US from Naija. However, maximum you can go on a single money order is $1000 so if you wanted to transfer say $5000, you would have to purchase 5 money orders (total cost will be $3.50). Imagine how much savings you would be making when compared to doing a wire transfer! Plus you get your money instantly!!

@Webstradamus you're a real blessing Thanks!
@All: Please I have a quick question which anyone who has used the GTB Naira Mastercard in the US may be able to answer. Does the exchange rate for POS transactions/ATM withdrawals fluctuate or is there a fixed exchange rate (as I think there should be)? If there is, how much (in Naira) does GTB exchange 1 USD for? And if it fluctuates (as would be expected), is it possible to get this information from GTB? I have scoured their website endlessly and have just stumbled on this rather interesting link : https://twitter.com/gtbank/status/273835591664300032 Thank you!