What is Guaranty Trust Bank Token?
Guaranty Trust Bank provides a device call ‘Token’. This device was made available so that their customers can safely transfer funds internally or externally online. Apart from this function, the ‘Token’ can be used for so many other great things as regards online business. I have mine and I use it a lot. In this post, you will get to know what the token is, the benefits and how you can get yours.
What is GTBank TOKEN?
It is a security device used to generate transactions codes for third party transfers via Guaranty Trust Bank’s internet banking platform and other e-channels. The transaction codes will be used to authorize any transfer to a third party from your account. The codes are also used to authorize online payment for good and services from your account via internet banking. This replaces GTBank’s current process of sending transaction codes via SMS and e-mails and the associated problems of delays in receiving codes. The Token looks very much like the image below.
Who is the GTBank Token for?
The token is for all customers requiring access to any third party transfer features on GTBank’s e-Channels (this includes Transfer to any GTBank Account, Transfers to other Bank Accounts, Cash-In-Transit, Draft-In Transit and Standing Instruction requests) will be required to purchase a TOKEN. All customers will be required to possess this device if they wish to use any Third Party Transfer feature on GTBank’s e-Channels.
What’s the Benefit of the GTBank Token?
- It ensures security and safety while performing 3rd party transactions
- It is a faster means of generating secret code
- It is efficient and easy to use
- The cost is a one off payment
- It has an average life span of 7 (seven) years
How do I obtain a GTBank TOKEN?
You can apply for a TOKEN by downloading an application form on GTBank’s website or from any of GTBank’s branches nationwide. After completing the forms, make sure you return the completed forms to any GTBank branch and TOKENS will be immediately issued and profiled to your accounts. You will be required to pay N 3, 000 (Three Thousand Naira) for the device or it will be deducted from your account automatically once a TOKEN has been profiled to your account.
FAQs
Is the TOKEN optional?
If you are profiled for a 3rd party Transfer on our internet banking platform, you will need the Token to authorize your transaction.
What if it is faulty?
Faulty devices should be returned to the branch and will be replaced free of charge.
What if it is stolen?
Lost or stolen tokens will however be replaced at the cost of a new device.
Can someone else collect it for me?
With written and signed request from the account holder, a registered ID card holder can collect a TOKEN on behalf of a customers.
If I reside outside Nigeria, how would I get the token?
Duly completed token request form should be mailed to alphateam@gtbplc.com. The Token would be delivered via courier to the customer for a cost. Thus the customer’s account would be debited for both the token and the delivery.
So go ahead and get your own GTBank token and save yourself the hassles of doing business online. The truth is, you can use this same device to carry out most of the internet transactions you need to do online. I use it to make purchases online.
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Adesoji Adegbulu is the Founder of Maven Technologies Nig. Ltd (aka 9jacorp). He is a social/internet entrepreneur, business consultant, network marketer and a problem solver who loves helping people and business succeed.
I write, research, inspire, teach, empower and serve as a resource person. I am a social media enthusiast. You can connect with me on Facebook, Twitter and Google+.
