Guaranty Trust Bank introduces Fingerprint Cash Withdrawal - aksu360

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Guaranty Trust Bank introduces Fingerprint Cash Withdrawal

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One of Nigeria's top banking giant, Guaranty Trust Bank (GTB), has launched a new ATM cash withdrawal option known as Fingerprint Withdrawal. Using this facility, customers can now withdraw money from GTB ATMs without using ATM card or some 12 digit withdrawal reference number.

To Withdraw Cash with FingerPrint via the GTBank ATMs:

  • Locate any GTBank ATM nearest to you with ThumbPrint attached Hardware
  • Press the “Enter” button on the ATM
  • Select the “FingerPrint Withdrawal” option
  • Enter the registered phone number at the prompt and press proceed for the application to get the BVN associated with the number entered

  • Place your right thumb on the hardware thumbprint for 5 to 10 seconds. The algorithm compares it with the print on record, after which it either accepts or declines.
  • Remove your hand and click on “Proceed”.
  • If there is a fingerprint match, you can proceed with your transaction by entering the amount to be withdrawn.
  • Cash is dispensed and the transaction is completed.



In 2013, the National Identity Management Commission (NIMC) brought Nigeria on board the number of countries that adopt biometrics for national Identity card registration. In the same year, this technology was utilised by the Independent National Electoral Commission (INEC) for voter registration. Subsequently, it was taken up in international passport registration and also in the banking industry, in 2014.


Currently, the only form of biometrics used is fingerprint. That implies that asides a request for phone number (which is necessary to retrieve the BVN), all that is needed is your thumb or index finger. 

The Edge that Fingerprint Withdrawal brings to the table:

(1) It favours the banked and attracts the unbanked

Forgetting passwords, having trouble logging in, missing debit cards, and having problems receiving one-time passwords (OTPs) have all been issues that sometimes discourage doing card transactions, as well as some cardless transactions.


This, coupled with the fact that passwords are under constant threat from hackers, according to the 2019 Verizon Data Breach Investigations Report, places card transactions on a lower pedestal than biometric transactions.


(2) Fingerprints may eventually displace cards, but…

Given the worries expressed by users about the safety of Nigerians and increasing cases of extortion, it is likely to take a while before Nigerians trust the technology enough to use it. To them, there may be cases where a criminal can resort to maiming or kidnapping the account owner to get illegal access to their money.


But for the most part, using biometrics safeguard access to account and restricts any transaction to the individual’s presence.

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