Why is my GTbank account balance showing minus (negative)?

Read all about why GTbank account is showing minus.

Are you wondering why your GTbank account balance is showing negative (Minus)? In this post, I am going to explain all you will need to know.

A negative account balance usually means that the money in your bank account was not able to cover your outstanding debts.

Sometimes, this might mean that your available balance was not able to cover charges that have been incurred on your account, hence why it is in the negative.

In this post, I am going to be writing about why GTbank account balance is showing minus and more. Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my post on Transaction limit check not successful

Why is my GTbank account balance showing minus (negative)?

If your GTbank account balance is showing minus, it means that the money in your account was not able to cover charges and other outstanding debt.

Usually, GTbank does not allow transactions to go through, if you do not have enough money to cover it. This means that if your bank account is showing negative, it could be as a result of previous outstanding debts.

In other to offset this, you will need to deposit in your account to clear the debt i.e. if for example your account is showing -2000 naira, then you will need to deposit 2000 naira to offset it.

What is Book balance?

Book balance is the total amount of money that is available on your bank account.

What is Available balance?

This is the amount of money in your bank account that you can access.

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.GTbank has an estimated customer base of over 25 million.

Conclusion

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