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GTBank releases requirements to purchase forex

GTBank | Lanre News

GTBank | Lanre News

The Guarantee Trust Bank (GTB), a Nigerian commercial bank, has released requirements for customers interested in purchasing foreign exchange at its teller points nationwide.

In an email notice circulated to customers, the bank stated, “Further to the recent directive by the Central Bank of Nigeria on the sale of foreign exchange to all bank customers, this is to inform you that we have set up dedicated teller points at all our branches nationwide for your eligible foreign exchange needs.

“Kindly walk into any of our branches nationwide to buy your Personal Travel Allowance, Business Travel Allowance, pay your international school fees, foreign medical bills, SME Form Q transactions, and every other qualifying foreign exchange transaction.

“We will treat your foreign exchange requests instantly. This means that you will get your FX the same day in cash and in the case of school fees and medical bills payment, to the stipulated beneficiary offshore.

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“Please note that this is subject to you providing all the required documentation for these transactions.

Requirements for applying for GTB PTA/BTA

  1. You should be 18 years and above, and have a valid Bank Verification Number (BVN)
  2. A valid Nigerian passport with a valid visa, and valid international return ticket with a travel date not more than 14 days from the date of PTA/BTA purchase.
  3. PTA request is limited to a maximum of $4,000 per quarter per applicant.
  4. A return ticket originating from Nigeria, with a minimum travel time of  5 hours to your destination.

Requirements or International School Fees Payment

  1. Students can apply themselves, or through their parents, and guardians with valid BVN.
  2. Admission letter, payment invoice, First degree certificate (Only for Postgraduate studies), and a duly completed Form A are required for school fees.

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