Pls guys, advise me on the next move to take. I got paid $100 into my GT Bank Domiciliary acct on Monday, and when I went to collect today, I was told I couldn't withdraw it. They said it is the new policy with the bank, and that I could only transfer it to someone who needed to use dollar online. The thing is, I am really really broke right now, and I need that dough, but I don't know anyone that needs $100 so I can sell it it to him/her online. I don't even do Internet banking.


Pls, any advise is welcome. Thanks in advance.

Go back to your bank, link your saving or current normal nigeria account to it, you can then withdraw from your ATM, that's how I operate my dorm account. I link the account to my normal account so I use my debitcard to cash out the money on the ATM machine.

nickyvil:
Go back to your bank, link your saving or current normal nigeria account to it, you can then withdraw from your ATM, that's how I operate my dorm account. I link the account to my normal account so I use my debitcard to cash out the money on the ATM machine.

God bless you. Let me go and do it now. You are a life saver men!

kay29000:


God bless you. Let me go and do it now. You are a life saver men!

nickyvil:

Men!!! I heard it is not possible with gt bank!!!! Back to square one.

kay29000:


Men!!! I heard it is not possible with gt bank!!!! Back to square one.

You can make a transfer right

nickyvil:


You can make a transfer right

No. I don't do internet banking.

kay29000:


No. I don't do internet banking.

If you want to get your money you better do internet bank so you can transfer your money or apply for a debit or credit card

@OP...it's CBN Policy. Your title is misleading. You made it seem like GTBank is keeping your money from you without just cause or something.

We all know how our economy is really struggling and trying to tackle corruption, money laundering, fall in naira value and so on. We just have to bear with the changes and/or inconveniences for now.

The policy states that if your business or account doesn't generate cash deposits, you dont get paid cash. So if you get paid via transfer, you only transfer out also. And If you pay in cash deposits of the foreign currency, you get cash at the counter.

I can only suggest you use internet banking to get this money out. If you have naira accounts, activate internet banking and Purchase a token device at any of their branches and try to convert the money to naira, then withdraw anywhere, anyhow you want it.

By the way, i hope you are aware of the limit on daily overseas spending limits on naira mastercard as well. It's happening with all banks, not only GTB.

nickyvil:


If you want to get your money you better do internet bank so you can transfer your money or apply for a debit or credit card

I don't know anything about internet banking...I don't have any money on me at all to process anything. Thanks for your time.

try and get internet banking and use the fx sale option from gtbank to withdraw

Please i am also in the same situation with the Op.

My $300 adsense is left in the hanging with Gtbank.


I was told yesterday i can't withdraw via counter except
through internet banking.

So right there yesterday i activated internet banking and collected token ( i coughed out un-budgeted #2,105)

I guess it is time to change bank.

So @nickyvi or anyone, how do i make the transfer?


Side Ranting: While Nigerian youths are working hard to stabilize naira and the economy via bringing in foreign currencies
by working online as freelancers, affiliate marketers, forex traders, kindle publishers e.t.c, some few people who are fortunate
to be sitting under corporate A/C are making obnoxious and anti digital economy age banking policy base on outdated theories
they copy from 1875 Economics text books.

If they don't watch it and observe what digital economy is saying, they will soon run many of their company aground.

Off ranting.

@thegame, are you one of them? Only God know where these people are getting their economy theories.

Because around August this year, GTBank sent email to customers that she won't accept or has suspended
receipts of foreign currency cash deposits into domiciliary accounts.

And @ thegame here is defending them by saying " And If you pay in cash deposits of the foreign currency,
you get cash at the counter"

What a contradiction! when the GTBank said in the quote above she has stopped accepting foreign currency
cash deposits into domiciliary accounts.

Banking and economy policies confusion everywhere.

thegame:
@OP...it's CBN Policy. Your title is misleading. You made it seem like GTBank is keeping your money from you without just cause or something.

We all know how our economy is really struggling and trying to tackle corruption, money laundering, fall in naira value and so on. We just have to bear with the changes and/or inconveniences for now.

The policy states that if your business or account doesn't generate cash deposits, you dont get paid cash. So if you get paid via transfer, you only transfer out also. And If you pay in cash deposits of the foreign currency, you get cash at the counter.

I can only suggest you use internet banking to get this money out. If you have naira accounts, activate internet banking and Purchase a token device at any of their branches and try to convert the money to naira, then withdraw anywhere, anyhow you want it.

By the way, i hope you are aware of the limit on daily overseas spending limits on naira mastercard as well. It's happening with all banks, not only GTB.

As i am also facing similar situation with Op but i have internet banking with token.

But when i tried to use GTBank FX sale option, their exchange rate was ridiculous to say the least,
( $1=#199.something i don't remember).

When i call an operator in Ikeja, he said he is buying $1=#220, see the difference.
Had it been the guy is doing internet banking, i would have been very happy.

bedfordng:
try and get internet banking and use the fx sale option from gtbank to withdraw

bedfordng:
try and get internet banking and use the fx sale option from gtbank to withdraw

Pls can you break it down for me? After I get the internet bank thingy, how exactly do I withdraw the money? You said I should use the fx option to withdraw the money...How exactly? Pls bear with me, I am not really tech savvy.

kay29000:
Pls guys, advise me on the next move to take. I got paid $100 into my GT Bank Domiciliary acct on Monday, and when I went to collect today, I was told I couldn't withdraw it. They said it is the new policy with the bank, and that I could only transfer it to someone who needed to use dollar online. The thing is, I am really really broke right now, and I need that dough, but I don't know anyone that needs $100 so I can sell it it to him/her online. I don't even do Internet banking.


Pls, any advise is welcome. Thanks in advance.

Maybe we can swap. Send me a pm

StPete:


Maybe we can swap. Send me a pm

I just sent you a pm.

homebase:
As i am also facing similar situation with Op but i have internet banking with token.

But when i tried to use GTBank FX sale option, their exchange rate was ridiculous to say the least,
( $1=#199.something i don't remember).

When i call an operator in Ikeja, he said he is buying $1=#220, see the difference.
Had it been the guy is doing internet banking, i would have been very happy.

199 is standard interbank rate sir. All banks.

You cannot compare a whole bank with an operator in Ikeja. The only way is to use the FX Sale option to cash the money and if you want at that same 220.. Find someone who would be willing to buy your dollar ant 220 and still receive the money via transfer. Then transfer it to the person and get your naira.

Otherwise no way. 199 all the way.

nickyvil:
Go back to your bank, link your saving or current normal nigeria account to it, you can then withdraw from your ATM, that's how I operate my dorm account. I link the account to my normal account so I use my debitcard to cash out the money on the ATM machine.

Hello Mr! Kindly post what you have practice not what you think as it's isn't possible anywhere to link savings/current account to domiciliary. That's why there is Naira M@stercard and Dollar Vis@card and for the Op, the best method is to activate internet banking and log into your account and convert your dollar to Naira and kindly walk to any bank and withdraw your money via ATM or apply for Dollar Visa card.

fados4sure:

Hello Mr! Kindly post what you have practice not what you think as it's isn't possible anywhere to link savings/current account to domiciliary. That's why there is Naira M@stercard and Dollar Vis@card and for the Op, the best method is to activate internet banking and log into your account and convert your dollar to Naira and kindly walk to any bank and withdraw your money via ATM or apply for Dollar Visa card.

Thanks for this information. But they are very harsh at GT o! They kept telling me they had no dollar...It was when I got to the third branch that the guy I talked to told me the koko, that the new CBN policy won't allow me withdraw the money, and that I had to look for someone that needed dollar so that I can sell it to him. I was like, which kind of process be this/ Where will I find someone that needs $100? If they had given me this option, shebi I would have had the money in my hand now, and not be soaking garri. Thanks once again. I will do that on Monday.

kay29000:



Thanks for this information. But they are very harsh at GT o! They kept telling me they had no dollar...It was when I got to the third branch that the guy I talked to told me the koko, that the new CBN policy won't allow me withdraw the money, and that I had to look for someone that needed dollar so that I can sell it to him. I was like, which kind of process be this/ Where will I find someone that needs $100? If they had given me this option, shebi I would have had the money in my hand now, and not be soaking garri. Thanks once again. I will do that on Monday.

It is well. Garri may endure for the weekend and joy comment by Monday.

kay29000:


Pls can you break it down for me? After I get the internet bank thingy, how exactly do I withdraw the money? You said I should use the fx option to withdraw the money...How exactly? Pls bear with me, I am not really tech savvy.

gtbank fx exchange enables you to exchange your foreign currency to naira by transfering it to your savings account. Its not difficult, you just have to specify the dollar account to withdraw from and your savings account.you get the cash instantly

only drawback is that you get less cash when using it compare to when selling to black market.

You will see fx sale on gtbank internet banking platform, click on it to start the exchange

bedfordng:
gtbank fx exchange enables you to exchange your foreign currency to naira by transfering it to your savings account. Its not difficult, you just have to specify the dollar account to withdraw from and your savings account.you get the cash instantly

only drawback is that you get less cash when using it compare to when selling to black market.

You will see fx sale on gtbank internet banking platform, click on it to start the exchange

Okay. Thanks a lot. I am grateful.

homebase:
As i am also facing similar situation with Op but i have internet banking with token.

But when i tried to use GTBank FX sale option, their exchange rate was ridiculous to say the least,
( $1=#199.something i don't remember).

When i call an operator in Ikeja, he said he is buying $1=#220, see the difference.
Had it been the guy is doing internet banking, i would have been very happy.

so can you give us the contact of the dealer so we can try him. Is the operator reliable and legit.

IJAMSOLUTION:


He needs to activate Internet banking and then get token device which will cost him N2,100
before he will be able to send the money out to another GTBANK account or perform fxsales.

Note that student account cannot be used for fxsales.

yeah, i believe he knows because i mentioned its from internet banking.

kay29000:


Men!!! I heard it is not possible with gt bank!!!! Back to square one.

you are just making things difficult for yourself. Go activate internet banking, get token device and transfer the money from your dorm to your savings account, withdraw with ATM. Shikena

jjkkssd

fxbot:
you are just making things difficult for yourself. Go activate internet banking, get token device and transfer the money from your dorm to your savings account, withdraw with ATM. Shikena

hope you know the rate will be bank rate

Does this really mean I can't withdraw my money from GT Bank. Tomorrow? The money adsense sent to me?

Wait guys, is this really true? That adsense earnings that was sent to me this month by adsense to my GT Bank savings account, that I will not cash it out?

Yes, you can not cash out. That is challenge i am facing since last week.

As a matter of fact, this issue made me activated internet banking and bought
their token.

But when i try to sell the dollar to GTbank via their FX sale internet bank
the rate at which they want to buy made me cancel the transaction.

This week i am preparing to close GBank account and go to another bank.

Promise323:
Wait guys, is this really true? That adsense earnings that was sent to me this month by adsense to my GT Bank savings account, that I will not cash it out?