In Nigeria banking, GT Bank and Access Bank are two big names. They’ve been around for a while, helping lots of people with their money needs. GT Bank started back in 1988, and Access Bank came onto the scene the same year, growing fast by buying other banks and expanding.

Picking the right bank for your money is important. Whether you’re just looking to do your everyday banking or thinking about bigger money moves, like investing or starting a business, the bank you choose matters.

But with so many banks out there, it can take a lot of work to know which one is best for you. They all say they’re great, but how do you know for sure? We’re here to help you understand GT Bank and Access Bank better, so you can make smart choices with your money. We’ll break down what each bank is good at and is not so good at, making it easier for you to decide which one suits you best.

What You’ll Learn

In this guide, you’ll discover:

  • How GT Bank and Access Bank compare in different areas like services, branches, and digital banking.
  • Understanding what each bank is good at and where they might have some drawbacks.
  • Tips and advice to help you decide which bank is right for you based on what you need and what’s important to you.

Overview Of GT Bank And Access Bank

GT Bank, also called Guaranty Trust Bank, started in 1988 with the idea of focusing on what customers need. It’s become a popular choice for millions of people across Nigeria because of its friendly approach.

At the same time, Access Bank also began in 1988 with the goal to providing great financial services. Unlike GT Bank, Access Bank grew faster by joining with other banks. This made it big not just in Nigeria but also in other countries.

Both banks have lots of customers who trust them. GT Bank has branches all over Nigeria, making it easy for people to use their services. Access Bank did similar things, but they also expanded to other countries, making them even bigger.

The story of GT Bank and Access Bank shows how they care about their customers and try to make banking easier for everyone. Even though they grew differently, both banks are now big names in Nigeria, thanks to how they treat their customers.

Products And Services

When it comes to banking services, both GT Bank and Access Bank offer a wide range of options designed to meet the needs of individuals, businesses, and corporations. For individuals, both banks provide personal banking services that include savings and current accounts, loans, credit cards, and investment opportunities. These services are designed to help individuals manage their money efficiently and achieve their financial goals. If you’re saving for a rainy day or planning for the future, both GT Bank and Access Bank have products to suit your needs.

For businesses, both banks offer comprehensive business banking solutions such as business accounts, loans, trade finance, and advisory services. These services are aimed at helping businesses grow and thrive by providing them with the financial tools and support they need to succeed. As a startup or a large corporation, both GT Bank and Access Bank have products and services to help you achieve your business objectives.

For corporations, both banks provide corporate banking services that cater to the needs of large organizations. These services include tenured deposits, cheque writing, portfolio management, corporate advisory services, and project finance. With these services, corporations can effectively manage their finances and achieve their strategic objectives.

In addition to traditional banking services, both GT Bank and Access Bank also offer investment opportunities and digital banking solutions. These include fixed and tenured deposit accounts with competitive interest rates, as well as mobile and internet banking platforms that allow customers to access their accounts and conduct transactions conveniently from anywhere, at any time.

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 Strengths And Weaknesses

When comparing GT Bank and Access Bank, it’s crucial to consider their respective strengths and weaknesses to make an informed decision.

Starting with strengths, both banks have earned strong brand reputations in the Nigerian banking sector. GT Bank is known for its innovative digital banking solutions, which have set the benchmark for convenience and accessibility in the industry. Access Bank, on the other hand, has invested heavily in technology and digital banking infrastructure, positioning itself as a leader in this aspect.

However, despite their strengths, both banks also have areas where they may face challenges. One such area is service availability, particularly in rural areas. While GT Bank and Access Bank have extensive branch networks, there may still be gaps in service coverage, especially in remote regions. Additionally, customer support can sometimes be a weakness, with long wait times or difficulty reaching a representative for assistance.

Corporate Social Responsibility

Both GT Bank and Access Bank have demonstrated a commitment to corporate social responsibility (CSR) through various initiatives and community development projects.

GT Bank has been actively involved in CSR efforts, focusing on initiatives that promote education, health, and sustainability. The bank has implemented programs such as scholarship schemes, support for educational infrastructure development, and healthcare interventions in underserved communities. Additionally, GT Bank has championed sustainability initiatives, including the introduction of solar-powered ATMs to reduce its carbon footprint.

Similarly, Access Bank has made significant efforts in CSR, with a focus on initiatives that address social and environmental issues. The bank has been recognized for its efforts in education, healthcare, and environmental sustainability. Access Bank’s “Green Bond” program, for example, funds environmentally sustainable projects aimed at reducing carbon emissions and promoting renewable energy sources.

Global Presence And Merger Impact

In terms of international presence, Access Bank has taken a more aggressive approach to expansion, leveraging strategic mergers and acquisitions to establish a notable global footprint. Through initiatives such as the merger with Diamond Bank in 2019, Access Bank has expanded its reach beyond Nigeria’s borders, solidifying its position as a key player in the international banking arena. This global presence provides Access Bank with access to new markets and opportunities for growth, strengthening its competitive position in the industry.

On the other hand, GT Bank has primarily focused on the Nigerian market, although it has made moves to expand regionally. While GT Bank’s international presence may not be as extensive as Access Bank’s, it has maintained a strong foothold in Nigeria, leveraging its reputation for innovative banking solutions and customer-centric services to retain its position as a leading player in the Nigerian banking sector.

Frequently Asked Questions (FAQs)

Here are a few frequently asked questions about both banks and their answers: 

Which Bank Should I Choose Between GT Bank And Access Bank?

The choice between GT Bank and Access Bank depends on your specific needs and preferences. Consider factors such as branch accessibility, digital banking features, service offerings, and customer support to determine which bank aligns best with your requirements.

What Services Does GT Bank Offer Compared To Access Bank?

GT Bank and Access Bank offer similar services, including personal banking, business banking, corporate banking, investment opportunities, and digital banking solutions. However, it’s important to review each bank’s specific offerings to identify any differences that may influence your decision.

Is Digital Banking Convenient With Both GT Bank And Access Bank?

Both GT Bank and Access Bank offer digital banking platforms, including mobile banking apps and internet banking portals, for convenient access to banking services. These platforms typically allow customers to perform various transactions, such as fund transfers, bill payments, and account management, from the comfort of their devices.


Ultimately, the decision of which bank to choose should be based on careful consideration and informed insights. By weighing the key differences and similarities between GT Bank and Access Bank, you can make a decision that meets your financial needs and objectives.

GT Bank is known for its innovative digital banking solutions and customer-centric approach, making it a popular choice for many Nigerians. On the other hand, Access Bank has a more aggressive expansion strategy and a strong global presence, providing access to a wider range of markets and opportunities.