Nigeria, April 30 -- Guaranty Trust Bank will from 1 May begin charging N6 for each SMS transaction alert, up from the current N4, marking a 50 per cent increase in the fee.

In a Wednesday notice to customers, the bank said the adjustment was "due to a recent increase in telecom rates as communicated by the telecommunication service providers."

GTBank added that customers who prefer not to receive SMS alerts can opt out via its online banking platform, though it encouraged continued use of the service to monitor account activity.

"If you prefer not to receive transaction alerts via SMS, you can update your preferences by completing the transaction alert form on our website and sending it to [email protected] ," GTB said.

The revised c...