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Nigerian Banks Hike SMS Alert Charges

Thompson Nsisongabasi

Apr 30, 2025

Nigerian Banks Hike SMS Alert Charges

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Nigerian commercial banks have raised the transaction alert fee from 4 to 6, effective Thursday, May 1, 2025.

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All Facts Newspaper reports that this information was communicated to customers in a message sent early Wednesday morning.

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The banks attributed this increase to a recent rise in telecom rates as announced by the telecommunication service providers.

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It is worth noting that the federal government has authorised the telecommunications service providers to implement a general increase in their tariffs.

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The commercial bank also noted that SMS alerts to international phone numbers are subject to higher charges.

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"Dear Valued Customer, Please be informed that effective Thursday, May 1 2025, the SMS transaction alert fee will increase from 4 to 6 per message. This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers.

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

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"If you prefer not to receive transaction alerts via SMS, you can update your preferences by completing the transaction alert form on our website and sending it to gtbankmailsupport@gtbank.com,ÔÇØ a message sent to Naija News correspondent by Guaranty Trust Bank reads.

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— Thompson Nsisongabasi

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