Wallet Account (MyFlexiWallet™)
Product Overview
The Wallet Account (MyFlexiWallet™) is the central transactional account within the GTMB ecosystem, functioning like a current account in a traditional commercial bank—but with enhanced benefits. It is the hub through which all customer transactions are routed: deposits, withdrawals, transfers, payments, loan disbursements, investment payouts, and mortgage collections. Unlike conventional current accounts that charge fees and pay no interest, the GTMB Wallet Account rewards customers with an 8% annual interest rate while offering free, unlimited access to funds at any time.
Key Features
Universal Transaction Hub: All inflows and outflows occur exclusively through the Wallet.
Instant Access: Deposit, transfer, or withdraw funds 24/7 with no restrictions.Free Transfers:
- Unlimited free intra-GTMB transfers and low-cost interbank (NIP/NIBSS) transactions.
- Interest Bearing: 8% per annum, calculated daily and credited monthly.
- Seamless Integration: Linked directly to savings, deposits, mortgages, and investments.
- Regulated & Insured: NDIC-insured deposits, fully compliant with CBN guidelines.
Target Market
- Every GTMB Customer: Mandatory universal account.
- Professionals & Entrepreneurs: Low-fee, interest-bearing everyday banking.
- Cooperatives & SMEs: Central transaction account.
- Diaspora Nigerians: Anchor for remittances, investments, and mortgage payments.
