Guaranty Trust Bank (GTBank) SWIFT Code: GTBINGLA

Guaranty Trust Bank SWIFT Code: GTBINGLA

The SWIFT/BIC code for Guaranty Trust Bank is GTBINGLA. GTBI identifies GTBank, NG stands for Nigeria, and LA is the Lagos location code. This code routes international wire transfers to GTBank accounts.

GTBank (now operating as Guaranty Trust Holding Company, or GTCO) was founded in 1990 and is one of Nigeria's most recognized banking brands. The bank is known for its strong digital presence and has subsidiaries in Ghana, Kenya, Uganda, Tanzania, Gambia, Sierra Leone, Côte d'Ivoire, and the UK.

NGN Diaspora Remittances

Nigeria receives approximately $20 billion in annual remittances, primarily from the UK, US, and Canada. GTBank's UK subsidiary (GT Bank UK) provides a direct corridor for GBP-NGN transfers without intermediary banks, reducing fees by roughly $10 to $15 per transfer.

Incoming wire transfers to GTBank settle in 2 to 3 business days for USD and GBP. The bank charges NGN 1,000 to NGN 3,500 for incoming wires. CBN regulations require domiciliary account holders to receive foreign currency directly, while naira accounts receive NGN converted at the official rate.

Digital-First Approach to Nigerian Banking

GTBank's digital platforms process a significant share of Nigeria's online banking transactions. The bank's HabariPay subsidiary operates Squad (a payment gateway) and serves the growing Nigerian e-commerce market. International wire transfers for tech startup funding and e-commerce settlements are a growing share of GTBINGLA traffic.

GTBank also runs the annual GTBank Fashion Weekend and Food & Drink Festival in Lagos, which generate international payment flows from sponsors, exhibitors, and vendors wiring funds to Nigeria.

How Slash fits in

Slash connects your GTBank accounts to your broader treasury view. Diaspora remittances, tech sector investment flows, and trade payments through GTBINGLA are tracked with NGN conversion data and categorization.