Among the list of banks in Nigeria, two banks were selected, Gtbank and Fidelity Bank to be compared.

This comparison ranges from Customer care service, speed in money transfer within Nigeria, banks Exchange rate and ATM charges, as of 2018

When it comes to saving money, one has three choices to choose from

• To bury it in the ground
• Place it under the mattress
• Open a savings bank account. (GTBank, Fidelity bank)

My advice, don’t do the first two hence digging up every time can make it visible same as hiding it under the mattress, what happens when you’re not around and your wife, kids or friends raise the bed while cleaning the room.

The big question, 🤔 how do I get a bank account or how do I open a bank account? Which is the best bank in Nigeria?

GTBank 🏦

Guaranty Trust Plc also known as GTB or GTBank is a Nigeria based bank, listed as a commercial bank in Nigeria. And have the following offers, GTB savings account, GTB internet banking, corporate banking, Retail and investment banking.
Founded in 17th January 1990
CEO: Segun Agbaje
GTB Customer care line: 0803 900 3900

Minimum amount used to open gtb savings account. 💡

To open an account in GTBank savings account, you need as low as 1 Kobo to register. That’s the one primary advantage they have over other banks.

GTBank ATM charges and fees

Cost of acquiring a new ATM Card is ₦1000
Card re-issue fee due to damage, loss or if stolen is ₦1,500
Transaction fee : ₦53.00

GTBank Forest exchange rate 

1USD to NGN = ₦365
1GBD to NGN = ₦467

Speed of Payment and transfers are fast by 98%

Customer care

Gtb has an overview rate of 99% in customer care, giving the rank as the best bank in Nigeria.

Fidelity Bank 🏦

The Fidelity bank also known as Fidelity bank Plc is a known Nigeria based bank with over 1 million employees. It offers loans, savings account, fidelity online banking, investments and mortgages. Licensed as a commercial bank by the Central Bank of Nigeria.
Founded in February 1988
CEO: Nnamdi .J. Okonkwo
Fidelity Bank phone number: 01 448 5252

Minimum amount used to open Fidelity bank savings account. 💡

When opening a savings account with Fidelity bank, the minimum amount used is ₦1000.

Fidelity Bank Withdrawal limit.

It has a daily withdrawal limit of ₦150,000 for an adult account, and the sum of ₦20,000 for children.
No you can’t withdraw all your money from your account, must have ₦1000 left.

Fidelity bank ATM charges and fees

Cost of acquiring a new ATM Card is ₦1050
Re-issue of card due to damage, loss or if stolen is ₦2,000
Transaction fee: ₦53.00

GTBank Forest exchange rate

1USD to NGN = ₦369 (₦2 higher to Gtbank FX exchange)
1GBD to NGN = ₦500 (₦33 higher to Gtbank FX exchange)

Payment speed and transfers are fast by 95%

Customer care: - this has an overview rate of 80% due to favoritism between worker and customers that monetize them.

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