G-Money has been a ground-breaking initiative from GCB bank because of some distinct financial provisions aligned with it. In today’s guide, we shall find some distinct packages and answer the question, what is a G-Money wallet?
Money will always be part of our day-to-day activities, but the increasing demand for it sometimes becomes a problem on how to regulate it.
This is why the Ghana Commercial Bank has introduced the G-Money wallet to help with regulatory money usage in Ghana.
Now let, go on to what is a GCB Mobile Money wallet.
Table of Contents
What Is G-Money Wallet
G-Money wallet is an electronic space accessible on your mobile phone after one has registered for the GCB G-Money services. This platform governs the inter and eternal transfer of money from your mobile device.
What Services Are On G-Money Wallet
The services provided from the GCB G-Money account are money. These include:
1. Bank services (sending and withdrawing from the bank)
2. Making a withdrawal at agents outlets
3. Purchasing airtime
4. Sending and receiving money
5. Group services (allows 3-200 users on one account)
6. Payment of bills
7. Standing orders
8. Pay merchants
9. Generate vouchers
Is There An Interest Earn On Money Kept On G-Money Wallet
Yes, G-Money allows interest on the amount kept on the GCB Mobile Money account. This interest paid may differ from money stored on the account.
There is no fixed rate for an amount
This interest rate is paid to the GCB Mobile Money account holder every quarter
Is There a Minimum Amount To Be Kept On My G-Money Wallet
No, there is no minimum amount to be kept on your GCB Mobile Money wallet. You can have no amount in it and still can be operational.
However, there are specific limits on the transactions that you can use your GCB Mobile Money wallet.
Can I Use My G-Money Account Outside Ghana
Yes, the GCB G-Money wallet can be used outside Ghana if roaming services are activated on your mobile phone. With these roaming services activated, you will pay international roaming rates when you use them outside Ghana.
Is There an Overdraft Facility on GCB Mobile Money Wallet
No, there is no overdraft facility available for G-Money users. This means you cannot transfer money to exceed what you are having on your G-Money wallets.