GTBank made this known to subscribers in a statement below;
Important Updates to our Banking Terms and Charges
The Central Bank of Nigeria recently concluded the removal of Commission on Turnover (COT) charges in the Nigerian Banking Industry, whilst retaining a Negotiable Current Account Maintenance fee of not more than
N1 per mille on all debit transaction on current accounts.
In line with this, please note that effective January 2016, Commission on Turnover (COT) charges will no longer be applicable on your current account. We will however retain the Current Account Maintenance Fee of
N1 per mille on all debit transactions.We thank you for your continued support and assure you of our commitment to a mutually beneficial relationship.Thank you for banking with us
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