Commercial banks in Nigeria have increased their SMS transaction alert fees from N4 to N6 per message, effective Thursday, May 1, 2025.
The banks announced this via messages sent to customers on Wednesday, April 30.
The banks hinged the increase on the 50% hike in SMS tariffs by telecommunication companies in the country.
They added that SMS alerts sent to international numbers will attract higher charges.
An email from Guaranty Trust Bank Limited titled, ‘Increase in SMS Transaction Alert Fee’, read: “Dear Valued Customer, Please be informed that effective Thursday, May 1, 2025, the SMS transaction alert fee will increase from N4 to N6 per message.
Zenith Bank delights shareholders with N195.67bn dividend payout
“This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers.
“Kindly note that transaction alerts are important and help you keep track and stay in control of activities on your account.
“SMS alerts to international phone numbers are subject to higher charges.”
The bank further urged customers on how to manage their preferences, saying: “If you prefer not to receive transaction alerts via SMS, you can update your preferences by completing the transaction alert form on our website.”
Trading on the Nigerian Exchange Limited (NGX) closed mixed on Friday, January 30, 2026, as…
The management of Achievers University, Owo in Ondo State, has expelled no fewer than 15…
The naira closed the week stronger against the United States dollar on Friday, January 30,…
Nollywood filmmaker and actor Stanley Amandi was allegedly deceived into participating in a plot to…
A fire outbreak has destroyed the newly completed home of a groom-to-be, Malam Rilwanu Bello,…
The Kebbi State Government has received 273,000 doses of animal vaccines from the Federal Government…
This website uses cookies.