The formation of Stanbic IBTC Bank was a result of a merger between Stanbic Bank of Nigeria Ltd and IBTC Chartered Bank Plc. This bank has acquired a holding company structure (Stanbic IBTC Holdings) having about N2.5 trillion in total assets and over N230bn in revenue as of December 2020.
Brief background of the bank
The history of the Stanbic Bank of Nigeria Ltd and the IBTC Chartered Bank Plc dates back to 1989 to 1991. Essentially, this bank has been in operation for over 30 years.
The stock of the bank is listed on the Nigerian Stock Exchange (NSE) and had over 4000 employees as of December 2020.
The bank offers a range of services to the public including maintaining your accounts, accessing online loans, and diaspora banking (allowing Nigerians living and working outside the country to perform transactions on their domestic accounts).
As the years go by, the bank has secured loyalty from its customers arising from its prompt delivery of information and other related services. One service it renders is the delivery of debit alert messages to their customers’ phone lines whenever they make a withdrawal or payment is on their bank account.
Why should I know Stanbic IBTC Bank’s Debit Alert Format?
A debit alert format is the arrangement of the debit alert message, showing how the transaction details and description, as well as the leftover balances on the account after the debit, are arranged.
If you are a business owner or account holder in the bank, you must be conversant with the format in which the bank sends you a debit alert message as this could save you from falling into the hands of fraud in the long run.
Knowing this information could save you from playing into the trap of scammers or from being involved in any ongoing fraudulent activity that may be perpetrated using your bank account.
How can I spot a Fake Stanbic IBTC Bank Debit Alert?
A real Stanbic IBTC Bank Debit alert would typically contain:
- Time the transaction occurred, including the second.
- The transaction details and description, are accurately and correctly spelt.
- ‘Debit’ is written as the first line of the alert message.
- Available Balance and Total Balances.
- The transaction’s reference number.
- A hidden portion of the customer’s account number.
Where you receive any Stanbic IBTC Bank Debit alert with major deviations from the features outlined above, you probably have just received a fake Stanbic IBTC Bank debit alert.
It is also important to know that fake debit alerts do not reflect your true bank account balance.
Here is an example of what a real Stanbic IBTC Bank Debit alert would look like:
STANBIC IBTC BANK
DEBIT
Amt: NGN 19,500.00
Acct: 356****768
Desc: Bundle Purchase/USSD//09188375672//227**955/8978452661
Time: 18/02/2022 6:57:19 AM
Avail Bal: 12,095.23
Total Bal: 31,595.23
You are always advised to check your Mobile Bank App to confirm the authenticity of the alert you have just received when you receive any fake debit alert.
If you are still having trouble identifying a fake Stanbic IBTC Bank Debit Alerts, do leave a comment with us at