Bank customers to pay N6 for SMS transaction alert fee

Customers of commercial banks in Nigeria will commence payment of N6 for every SMS transaction alert starting tomorrow.

This was sequel to the recent increase in rates by telecommunications providers following a nod by the Federal Government.

The SMS charges were increased by 50% to N6 from the previous N4 per message.

This is contained in a message sent by banks to their customers early Wednesday morning.

An email from Guaranty Trust Bank Limited with the heading “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. 

“This adjustment is due to a recent increase in telecom rates as communicated by the telecommunication service providers.

• Workers, engine propelling Nigeria towards prosperity — Atiku 
• 2025 Hajj: AHMSP urges stakeholders to collaborate for success
• FG inaugurates FUTES Governing Council, gives opening date
• Falz on #WithChude Live: It’s tough having healthy love life in entertainment
• 2025 Hajj: At Stakeholders Summit, NAHCON Chair speaks on readiness

“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.”