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About MasterCard

Guaranty Trust Bank Ltd has partnered with MasterCard to offer the account deposit service (Business to Business - B2B, Business to Person - B2P and Person to Person - P2P) to beneficiaries in Nigeria. MasterCard is a global money transfer and payments company with a network spanning over 108 countries and 300,000+ points of payment across the America, Europe, Asia, Africa and Australia.

The MasterCard services is instant, secure, reliable, and a convenient alternative for receiving funds directly into your GTBank account in minutes, funds will be deposited in Dollars and you won't be charged for the service.

MasterCard ADMT service is a payment service that enables MasterCard customers abroad send money to beneficiaries in Nigeria. A sender of funds can initiate transfers from a point of sale (MasterCard Agent location abroad) for Cash pick up or direct credit into a customer’s account in Nigeria.

Remittances are processed in GTBank via the options below:

  • Naira Cash Pick Up Service in any GTBank branch
  • Account Deposit Service into any GTBank Naira account
  • Account Deposit Service into any 3rd party bank Naira account

Service Requirements and Benefits

  • Funds must be sent in customer’s account first name and surname
  • Available to all GTBank account holders and non-GTBank account holders
  • Funds are deposited in Naira into an account (GTBank or 3rd party bank) or cash pick-up
  • Customer must have an active Naira account. (10-digit numeric NUBAN Naira account number)
  • Per CBN’s mandate, the Naira equivalent of proceeds over $200 shall be paid into an account
  • Non GTBank customers can also pick up cash over the counter with the required regulatory IDs
  • For cash pick-up transfers, customer must present a valid ID card (BVN, International Passport, etc)
  • The exact amount of funds is received, Beneficiary is not charged for fee