Maintaining a G-Money wallet: Charges, limits, and minimum balance

So you heard about the G-Money wallet — GCB Bank’s mobile money service, and you want to sign up. However, you’re worried about hidden charges and the cost of maintaining a G-Money wallet.

As with many other such services, maintenance charges are attached to customer accounts. Thankfully, that is not the case with G-Money.

Are there any charges for maintaining a G-Money wallet?

No. Account holders pay no maintenance charges on their wallets. Neither are you obligated to maintain a minimum balance. However, transaction charges, tariffs, and limits on transaction amounts are listed below.

Daily transaction tariffs

• Any amount GHS100 and below attracts no charges.
• Transactions worth GHS100.01 to GHS999.99 attract GHS0.50 on-network (P2P) and 1% tariff for mobile money interoperability transactions.
• For amounts GHS1000 and above, you pay GHS1 on-network and GHS10 for mobile money interoperability transactions.

To learn more about the transaction limits, click here.

What is the G-Money wallet?

It is a digital payment (mobile money) platform for facilitating funds transfer from one account (bank or mobile wallet) to another. Your G-Money account also offers you convenience as it can be used to purchase and make payments for other services such as utility bills, airtime, and even tuition fees.