Guaranty trust bank customers who do business online with their GTB accounts, have been boxed to a tight corner, as the bank has reduced its monthly Naira mastercard dollar expenditure limit to $100 per month.
Secret Reporters findings show that, complains from customers have trailed the bank’s decision, as customers who use their bank accounts to settle dollar denominated bills on facebook, google, and affects customers of the bank who travel abroad for business, pleasure or medical purposes.
In an electronic mail circular sent to the bank customers who operate the dollar transactions of the bank last week, sources who spoke with Secret Reporters said, one of their customers had to give send his ATM card of another bank to his daughter who is a student in North America, to enable her withdraw dollar rate above the wicked $100 benchmark introduced by GTB.
We gathered that, from the beginning of this year, GTBank has been adjusting the level of expenditure their customers make outside the country and from a rate of $2,000 in April, the limit has crashed to $100, which has left customers stranded, as a day expenditure on dollar, surpasses the $100 per month mark, which GTB has set.
Further findings reveal that, GTB has been heavily involved in forex trading , with the bank’s interest rising per seconds, with a 91 billion Naira profit over the first six months of the year, where they have earned over N100 billion in non interest income, from defrauding customers in dirty deals ongoing in the bank.
Basically, GTB has also made significant stolen profit from getting dollars at the lesser interbank rate and selling to its customers at black market rate.