MUST READ: Why You Should Not Use GTBank 737 Phone Banking

It's another new week and work has already started but have you ever thought about your bank account security? Have you ever followed some measures to secure your ATM cards and bank details from men of the underworld? 
Recently GTBank introduced what seemed to be a very easy banking method for her customers where someone is able to recharge his phone, pay bills, transfer funds from one account to the other and lots more right from their mobile phones without having to connect to the Internet. 

I believe GTBank did that to make banking easier to her customers but they left or may i say forgot the big security hole this method can cause. I was just thinking about it few hours ago and i decided to share it here with you so that you don't make the silly mistake.

HOW GTBANK 737 CODE WORKS
Assuming you want to transfer money from one bank account to the other without Internet or going to the bank hall, all you need to do is to dial *737# from the number you used while creating GTBank account. When this code is dialed, options will come up for you to choose transaction method and the only security method provided by GTBank is to enter the last 4 digits numbers on your ATM card as PIN/password as seen in the screenshot below. 

NOW SEE THE SECURITY HOLE
Assuming you got robbed by robbers and your phone or wallet (ATM card inside) were also taking from you, do you know that this robbers can empty all the money in your bank account by just dialing the *737# and using the last 4 digits on your ATM card as PIN. Apart from robbers, even your close friends or roommate in school with bad intention could steal your ATM information and harm you with it. Imagine the big hole! 

HOW DO I PROTECT MYSELF? 
Assuming you have been using this or someone close to you using it, the best measures you should take to protect your phone is by using an app lock to lock your SMS and some sensitive applications on your phone.You should also provide a lock for your SIM card so that even if someone take it away from your device and insert it in another phone, it will require password to lock. 
I prefer you use strong password to lock your device instead of pattern lock as pattern is easily coded.


WHAT GTBANK MUST DO NOW
I can't still believe it that a big bank as GTB will implement this type of transactions with strong 💪 security measures. I suggest the should abort the use of last 4 digits on ATM cards and implement the use of personal password as authentication method before each transaction can go through. At least it would be too hard for anyone to manipulate or guess your personal password.