Welcome Today we’ll be discussing On How to upgrade GTbank account easily (Online & Offline)
Guaranty Trust Bank (GTbank) is one of the most popular banks in Nigeria. As of 2020, GTbank had over 15 million customers and over 240 branches nationwide. Upgrading your regular GTbank savings account to a premium account gives you access to more benefits and services.
Benefits of Upgrading Your GTbank Account
Some key benefits of upgrading your regular GTbank account include:
- Higher interest rates on savings
- Lower or no charges on transactions
- Priority treatment and shorter queues in branches
- Free debit/credit card options
- Loans at lower interest rates
- Higher withdrawal limits at ATMs and branches
- Access to investment options not available to regular account holders
Tips for Upgrading Your Account
Here are some useful tips to upgrade your account smoothly:
- Have all required documents ready – means of ID, passport photos, proof of address, etc.
- Visit your home branch if upgrading offline for better service
- Enquire about minimum account balance requirements for premium accounts
- Consider premium account options like current, savings or corporate accounts based on your needs
- Apply online if you want faster processing and account upgrade
How to Upgrade GTbank Account Offline
Follow these steps to upgrade your regular account at a GTbank branch near you:
- Visit your home branch and request to upgrade your account
- Fill out the account upgrade application form and provide the required documents
- The relationship officer will review your documents and initiate upgrade
- Make the minimum opening deposit for the premium account
- Wait for up to 5 working days for the account upgrade confirmation
- Visit branch to collect your new account package and debit card
Documents Needed for Offline Account Upgrade
- Valid means of ID (national ID, driver’s license, voter ID, etc.)
- 2 recent passport photographs
- Proof of residence (utility bills, rent agreement etc.)
- Employment details/documents if applying for salary account
How to Upgrade GTbank Account Online
To upgrade your account through online banking or mobile app, follow these steps:
- Log in to your GTbank Retail Internet Banking
- Go to the upgrade account section under ‘Self Service’
- Select account type you want to upgrade to e.g Premium Savings
- Review upgrade terms and submit application
- Fund your account with the minimum opening balance
- Application will be processed within 5 working days
- Account upgrade confirmed via email and SMS notification
Information Needed for Online Account Upgrade
- Account number
- BVN
- Valid ID/Passport data
- Phone number
- Email address
- Minimum balance for account type
FAQs On How to upgrade GTbank account easily (Online & Offline)
Here are some FAQ with answers On How to upgrade GTbank account easily (Online & Offline).
1. Which GTbank account is the easiest to upgrade to?
The GTbank Premium Savings Account is the easiest to upgrade to from a regular savings account. It has minimal balance requirements and customers can upgrade conveniently via online banking or mobile app.
2. Is there a limit on how long I can operate my upgraded account?
No. There is no limit set by GTbank on how long you can operate your upgraded account. As long as you continue meeting the terms and conditions, you can utilize the premium account endlessly.
3. Can I downgrade back to a regular account?
Yes, you can downgrade from an upgraded account back to a regular GTbank savings account. However, you may forfeit certain benefits and incentives that applied to premium accounts.
4. Do I need to visit a branch to upgrade my student account?
No, GTbank student account holders can also upgrade conveniently via online banking without needing to visit a branch.
5. What is the minimum opening balance for upgrading account online?
The minimum opening balance depends on type of premium account. It ranges from N50,000 for Premium Savings to N250,000 for Current Accounts on average for online upgrades.
6. Can I upgrade my domiciliary account?
Yes, dollar, pound and euro domiciliary accounts can also be upgraded by requesting through your home branch or via GTbank internet banking platform.
7. How long does an account upgrade take to be completed?
Account upgrade takes between 24 hours to 5 working days for both offline and online applications. Online applications are usually faster processed than visiting a branch.
8. What documents do I need for offline student account upgrade?
For students upgrading offline, required documents are school ID card, JAMB registration documents, BVN, valid ID card and 2 passport photos.
9. Does upgrading account enable me take loans?
Yes, upgrading to premium accounts like Current, Salary or Corporate accounts allows you access higher loan amounts at lower interest rates compared to regular accounts.
10. Is there a cost for upgrading my account?
GTbank does not currently charge any fee or costs for upgrading an existing savings account to a premium or current account.
11. Can I get cheque book after upgrading?
Yes, upon request you can get issued a cheque book when upgrading to premium accounts like Current Account or Salary Accounts.
12. How much initial deposit do I need to open salary account?
Minimum opening balance for GTbank salary accounts upon upgrade is N50,000. Subsequently you need regular monthly salary credits to avoid charges.
13. Do I need to re-issue my debit card after upgrade?
No, your existing debit card will function normally after account upgrade to premium. However, you can request for a card upgrade if you now qualify for higher card tiers.
14. Can savings account be upgraded to current account?
It is possible to upgrade directly from a savings account to a current account on request by visiting your home branch. Basic requirements for evidence must be provided.
15. Is there a mobile app for upgrading account?
Yes, apart from online banking, upgrading GTbank account can be initiated directly via the GTWorld mobile banking application.
Upgrading your regular savings account unlocks better benefits, preferential rates and access to solutions tailored for your needs. Whether online or in branch, GTbank has options to upgrade seamlessly within minutes or days. Reach out for any assistance required during or after account upgrade.
Conclusion
Upgrading your regular GTbank account to a premium account provides several benefits like higher interest rates, lower fees, priority services and access to more products. The process is straightforward both online and offline. To upgrade offline, visit your home branch with required documents and minimum opening balance. For online upgrade, login to retail internet banking, select upgrade option, provide details and fund account. Processing takes 1-5 days after which account change is confirmed by email and SMS. Remember to enquire about minimum balance requirements before applying.
So whether you need higher withdrawals, cheaper loans or just better service, consider upgrading your existing GTbank account. With multiple options like Premium Savings, Current Accounts, Corporate Accounts etc, you can upgrade to an account tailored to your specific financial needs and profile. Follow the tips provided in this article for a smooth upgrade experience. Reach out to any GTbank branch or the customer service for any queries or assistance with the account upgrade process.
After reading this article now you know How to upgrade GTbank account easily (Online & Offline).
