Starting today, banks across Nigeria will begin charging N6 per SMS for transaction alerts and other short message notifications to customers. This new rate reflects a 50% increase from the previous N4 fee and follows the recent upward review of telecommunications tariffs approved by the Federal Government.
Several banks have already begun notifying customers of the change via email.
Guaranty Trust Bank Limited, for instance, issued a message titled “Increase in SMS Transaction Alert Fee”, which stated:
“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. This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers.”
The bank emphasized the importance of SMS alerts for account monitoring and added that customers who wish to opt out of SMS alerts can update their preferences through the bank’s website. It also noted that SMS messages sent to international numbers may attract higher charges.
Follow News Review on Facebook and X
