Difference between book balance and available balance in GTbank?

Read all about the difference between book balance and available balance in GTbank.

A lot of people have been asking about what book balance means in GTbank and also what is the difference between book balance and available balance in GTbank.

If you use the GTbank mobile app to check your account balance, you will notice that there is book balance and there is also available balance.

Sometimes, the figure written under the book balance is different from the figure in your available balance.

In this post, I am going to be writing about all you will need to know about the difference between book balance and available balance in GTbank.

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Let’s get into it then…

Read my post on Why is my GTbank accout showing negative

Difference between book balance and available balance in GTbank?

The book balance is the total of all sums in your account while the available balance is the portion of the sum you can access.

This means that if for example you have 3000 naira in your book balance and 2000 naira in your available balance, you can only access the 2000 naira which is in your available balance.

There are times when you receive money in your GTbank account and it will be placed in book balance. This means that the bank has confirmed that the transaction took place but has not yet received the value of the transaction.

Once the bank receives the value of the transaction, the money will be updated to your available balance and you can access it.

Also if you transfer money to another bank account, the money may still be in your book balance until the transaction has been fully completed.

How to withdraw money in book balance GTbank?

You will need to wait for the money to be updated to your available balance before you can access it. Otherwise you can always contact the GTbank customer care to resolve your issues.

GTbank customer care

+234-1-4480000

08029002900

08039003900

GTconnect@gtbank.com

Complaints@gtbank.com

About GTbank?

Guaranty Trust Bank plc was established in 1990 as a limited liability company with a license to provide commercial and other banking services to Nigerians. Since its inception in February 1991, the bank has evolved to become one of Nigeria’s most renowned and service-oriented institutions.

Guaranty Trust Bank plc became a publicly traded corporation in September 1996, and it received the Nigerian Stock Exchange President’s Merit Award that year, as well as in 2000, 2003, 2005, 2006, 2007, 2008, and 2009.

The Bank received a universal banking license in February 2002 and was later designated as a settlement bank by the Central Bank of Nigeria (CBN) in 2003.

Conclusion

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