Many people in Ghana and Nigeria often ask if it is possible to send money directly from GTBank Ghana to GTBank Nigeria. This is a common question for families, business owners, and students who have accounts in both countries.
The simple answer is yes, you can send money from GTBank Ghana to GTBank Nigeria, but it is done through international transfer methods, not local bank transfer.
This article explains how it works, the available options, charges, and important things you should know.
Understanding GTBank Ghana and GTBank Nigeria
Are GTBank Ghana and GTBank Nigeria the Same Bank?
GTBank Ghana and GTBank Nigeria are part of the Guaranty Trust Holding Company (GTCO), but they operate as separate banks in different countries.
Because of this, transfers between them are treated as international transfers, not domestic transfers.
What This Means for Customers
- You cannot send money the same way you send money within Ghana or within Nigeria
- You must use approved cross-border transfer channels
- The transfer may take 1–5 working days, depending on the method used
Ways to Send Money from GTBank Ghana to GTBank Nigeria
International Bank Transfer (SWIFT)
This is the most common method.
GTBank Ghana allows customers to send money to foreign bank accounts using the SWIFT transfer system.
You will need:
- Beneficiary name (account holder in Nigeria)
- GTBank Nigeria account number
- Bank name (Guaranty Trust Bank Nigeria)
- GTBank Nigeria SWIFT code
- Purpose of transfer
This method is suitable for:
- Business payments
- School fees
- Family support
- Large amounts of money
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GTBank Ghana Branch Transfer Assistance
You can visit a GTBank Ghana branch and request help to send money to a GTBank Nigeria account.
A bank staff will:
- Guide you through the transfer form
- Confirm exchange rate and charges
- Process the international transfer for you
This option is good for people who:
- Do not use online banking
- Want face-to-face assistance
Using Domiciliary Accounts (If Available)
If the recipient in Nigeria has a domiciliary account, the transfer can be easier, especially when sending US dollars or other foreign currency.
This may:
- Reduce delays
- Avoid forced currency conversion
- Help with business transactions
Charges and Exchange Rates
Transfer Fees
- GTBank Ghana charges a transfer fee for international transfers
- There may also be correspondent bank charges
- Fees depend on the amount and currency sent
Exchange Rate
- If you send money in Ghana Cedis, it will be converted to another currency before reaching Nigeria
- Exchange rates are determined by the bank on the day of transfer
Always ask for:
- Total charges
- Expected amount the recipient will receive
How Long Does the Transfer Take?
Processing Time
- Usually 1 to 5 working days
- May take longer during public holidays
- Delays can happen if details are incorrect
To avoid delays:
- Double-check account details
- Use the correct SWIFT code
- Clearly state the purpose of transfer
Important Things to Know Before Sending Money
Transfer Limits
- There may be daily or monthly limits
- Large transfers may require additional documents
Required Documents
You may be asked for:
- Valid ID
- Source of funds
- Purpose of payment
This is part of international banking rules.
Final Thoughts
Yes, you can send money from GTBank Ghana to GTBank Nigeria, but it must be done through international transfer methods like SWIFT or branch-assisted transfers.
It is safe and reliable when done correctly, but always confirm charges, exchange rates, and required details before sending.
Frequently Asked Questions (FAQs)
1. Can I send money from GTBank Ghana to GTBank Nigeria online?
Yes, if you have access to GTBank Ghana’s international transfer services through online banking. Otherwise, you can visit a branch.
2. Is the transfer instant?
No. It usually takes between 1 and 5 working days.
3. Can I send money in Ghana Cedis?
Yes, but it will be converted to another currency before reaching Nigeria.
4. What is the safest way to send money?
Using a SWIFT international transfer through GTBank Ghana is the safest method.
5. Can someone receive the money in a Nigerian Naira account?
Yes, the money can be received in a GTBank Nigeria Naira account after conversion.
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