Step By Step Guide on GTBank Automated Payment System (GAPS)/GAPS-Lite

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Guaranty Trust Bank has launched its Corporate Internet Banking service, which provides safe access to corporate customers’ transactions and accounts 24 hours a day, seven days a week. Guaranty Trust Bank Automated Payment Systems has established a Nigerian domiciliary account. In this post, we will take you through the Step By Step Guide on GTBank Automated Payment System (GAPS)/GAPS-Lite.

Because the GAPS is a web-based programme, all that is required to utilise the GTBank GAPS Portal is internet access, the user’s log-in credentials, and a security token.

GAPS-Lite is a simplified form of GAPS designed for sole proprietorships. Gapslite Mobile is a business-oriented online banking application that can be downloaded on Android and iOS cellphones.

Customers can attach documents to each transaction in GAPS. Beneficiaries are not currently receiving these materials by email.

What are the GTBank Automated Payment System (GAPS)/GAPS-Lite Financial Functions?

  1. Payments Made Locally

  2. NIBSS Instant Payment & NEFT single and batch payments to any GTBank account as well as other banks

  3. Salary and bonus payments on the payroll

  4. Taxes and customs duties

  5. International Payments – FX transfers to any account (local and offshore, $, £, €, Rand) in single or batch mode.

  6. Corporate Airtime Top-up — Purchase airtime for a single or more devices for business use.

2. Financial Statements

  1. Transfers from one’s own account

  2. Confirmation of individual and bulk cheques

  3. Account Statements are generated in step three.

  4. Account monitoring in real time via the internet

How can I sign up for the GTBank GAPS Portal?

To register, follow any of the steps below:

GAPS
GAPS-Lite
User Guide
GAPS-Lite Mobile

How can I  sign up for GAPS?

To sign up for GAPS, go to the website’s Online Banking for Business widget and click the register button.

How can I sign up a new customer for GAPS-Lite?

To sign up for GAPS-Lite, go to the website’s Online Banking for Business widget and click the register button.

Gapslite Mobile is a business-oriented online banking application that can be downloaded on Android and iOS cellphones.

Features

  1. You can track all of your transactions in real time.

  2. Transfers to GTBank and other financial institutions

  3. Purchase of airtime

  4. Maintaining a healthy lifestyle

Please follow the procedures below to download the GAPS-Lite App from the GTWorld Mobile App: For Android users, go to the Google Play Store, and for iPhone users, go to the Apple App Store.

You can use the GTWorld Mobile App to switch to GAPS-Lite once you’ve downloaded it.

How to Begin a GTB FX Transfer on the GAPS Portal of GTBank

To get started, go to the gtbank gaps portal and log in. After you’ve successfully signed in, proceed through the instructions below.

  1. Select “single transactions” from the drop-down menu.

  2. Select “start fx payments” on the menu.

  3. Select “FX transfer GT to GT” or “FX transfer to other banks” from the drop-down menu.

  4. From the “account to debit” pull down, choose your gtbank dollar account.

  5. Choose the account numbering method (nuban or regular), and a field for entering the account number will appear.

  6. Select the beneficiary bank and enter the account number.

  7. A space will appear where you may input the amount you want to transfer.

  8. Fill in the amount.

  9. Select “add to batch” from the drop-down menu.

How to Approve a Foreign Exchange Transfer in GTB GAPS

  1. As seen in the figure above, go to “Approvals.”

  2. From the drop-down option, choose “Approve transaction” rather than “Approve fxtransfer.”

  3. Choose the transfer and you’ll be taken to a new page.

  4. As seen in the screenshot below, select the “auth” box.

  5. Select “Submit” from the drop-down menu.

Wait for your gtbank domiciliary account to approve and send you a debit alert.

How long does it take for monies to arrive in the account of the beneficiary?

Inter-bank transactions made using the NIBSS Instant Payment (NIP) system are also available in real time online. If initiated before 12 p.m., inter-bank transactions via NEFT will be received by the beneficiary the same day. If not, it will be delivered the next business day.

Are the GAPs subject to any transfer restrictions, Foreign or domestic?

Per transaction, the local transfer limit is N250MM. The daily foreign transfer limit (for cash deposits) is $10,000 per day and $50,000 per week, or its equivalent in other currencies. When monies are transferred via SWIFT, there are no restrictions on FX transfers.

Source: Nyscinfo

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