The "Out-of-Pattern Transaction" in GTBank refers to a security feature used within the bank's system to identify and flag transactions that deviate from a customer's usual spending or transaction behavior. In other words, it is a financial transaction that doesn't match a customer's typical activity or a business's expected pattern.
When “out of pattern transaction” limit is placed on your GTBank account, you will not be able to perform any transactions on the bank account until the issue is resolved. This security feature is part of the bank's efforts to prevent, stop and fight unauthorized access, fraud, and financial losses on customers' accounts.
Meaning of Out Of Pattern Transaction on GTBank and How it Works
The out of pattern transaction is a security feature that is being used to monitor unusual account activities in Guaranty Trust Bank (GTB). However, your account cannot be placed on a out-of-pattern transaction limit without genius reasons. So, it's important to know that GTBank uses a variety of criteria to determine whether a transaction is "out of pattern." Some factors include transaction amount, transaction frequency, geographic location, and transaction type.
That is to say, GTBank might flagged your transaction as "out-of-pattern" if it's involved in an unusual large amount transfer, a sudden increase in transaction frequency, activity from a different location than usual, or transaction types that are rare on your account, such as international transfers or large withdrawals.
Furthermore, when an out-of-pattern transaction is placed on your account, GTBank will temporarily pause all transactions including the caused one, giving the bank enough time to verify the transaction legitimacy. When the transaction is placed on hold, you will be sent a notification via SMS or E-mail. Lastly, the bank may request verification and authentication to verify that the transaction is authorized and remove the out-of-pattern transaction limit from your account.
Conclusion
If you receive an alert for an out-of-pattern transaction on your GTbank Account, you should review the transaction details carefully. If the transaction was authorized, you may need to confirm it with the bank, usually through a code sent to your phone or by calling GTBank's customer service. If you didn’t initiate the transaction, it's essential to notify the bank immediately to prevent unauthorized withdrawals or fraud.
