CBN Has Approved a Charge of N65 for any ATM Withdrawal

Date: 14-08-2014 11:42 am (9 years ago) | Author: Bayo Nelson
[1] 2
- at 14-08-2014 11:42 AM (9 years ago)
(m)

From the 1st of September 2014, bank customers will pay a token for cash withdrawals made on other banks’ Automated Teller Machines (ATM). The Central Bank of Nigeria announced this on Wednesday.
If you recall, customers used to pay N100 if they used other banks’ ATM, but it was cancelled by the CBN and Deposit Money Banks in December 2012.
Now the current fee is N65, that is N35 less than the former fee.
The Central Bank agreed to re-introduce the charges because the cost of transaction was becoming too burdensome for the banks to continue to bear.
Director of Banking and Payment Systems Department of CBN Dipo Fatokun said the first three withdrawals on other banks’ ATM will be free but it would become effective on the fourth withdrawal in a month.

Posted: at 14-08-2014 11:42 AM (9 years ago) | Addicted Hero
- chicco77 at 14-08-2014 12:01 PM (9 years ago)
(f)
ok
Posted: at 14-08-2014 12:01 PM (9 years ago) | Addicted Hero
Reply
- kelvos007 at 14-08-2014 12:13 PM (9 years ago)
(m)
Robbing us blind #Ripoff
Posted: at 14-08-2014 12:13 PM (9 years ago) | Upcoming
Reply
- beejaybabs at 14-08-2014 12:57 PM (9 years ago)
(m)
Naija! Na wa o. This aint funny at all
Posted: at 14-08-2014 12:57 PM (9 years ago) | Gistmaniac
Reply
- Kennycynth at 14-08-2014 01:15 PM (9 years ago)
(f)
better still
Posted: at 14-08-2014 01:15 PM (9 years ago) | Gistmaniac
Reply
- xjiggy at 14-08-2014 02:14 PM (9 years ago)
(m)
this cbn governor don come with negative banking policies again. people say sanusi no do well, atleast im im remove all these extra charges wey dey burden customer. which kain yao yao policy be this one
Posted: at 14-08-2014 02:14 PM (9 years ago) | Upcoming
Reply
- bulky15 at 14-08-2014 02:23 PM (9 years ago)
(f)
After making noise on cutting down bank charges dis is what they came up with. Trust our banking system whether first or third withdrawal they ll debit u. Naija will survive.
Posted: at 14-08-2014 02:23 PM (9 years ago) | Newbie
Reply
- DrSoba at 14-08-2014 02:58 PM (9 years ago)
(m)
9ja  who can we trust. Sanusi is gone this one is here doing his own.
Posted: at 14-08-2014 02:58 PM (9 years ago) | Gistmaniac
Reply
- beneno at 14-08-2014 03:02 PM (9 years ago)
(m)
Normal  Roll Eyes  Roll Eyes  Roll Eyes  Roll Eyes
Posted: at 14-08-2014 03:02 PM (9 years ago) | Addicted Hero
Reply
- seveneleven at 14-08-2014 03:36 PM (9 years ago)
(m)
end of the world
Posted: at 14-08-2014 03:36 PM (9 years ago) | Upcoming
Reply
- bankadetoun at 14-08-2014 03:48 PM (9 years ago)
(f)
hmmmmmm, there they go again
Posted: at 14-08-2014 03:48 PM (9 years ago) | Gistmaniac
Reply
- dareper at 14-08-2014 04:27 PM (9 years ago)
(m)
Rubbish!
Posted: at 14-08-2014 04:27 PM (9 years ago) | Hero
Reply
- daxydee at 14-08-2014 05:01 PM (9 years ago)
(m)
Na wa for all this ppl sef........N65 TOKEN AGAIN???
Posted: at 14-08-2014 05:01 PM (9 years ago) | Newbie
Reply
- osamabinladin at 14-08-2014 05:19 PM (9 years ago)
(m)
 Roll Eyes
Posted: at 14-08-2014 05:19 PM (9 years ago) | Hero
Reply
- christianida at 14-08-2014 05:53 PM (9 years ago)
(m)
wetin concern mefor inside wetin no concern me.
Posted: at 14-08-2014 05:53 PM (9 years ago) | Upcoming
Reply
- yeksal at 14-08-2014 06:27 PM (9 years ago)
(m)
kudos to u Mr.Sanusi.....now ppl wl knw u are a great man,helper and man of d ppl indeed.God bless u on throne.
help me tel d present yeye..idiot man say God dey.anybody wey dey suffer Nigerian God dey...
Posted: at 14-08-2014 06:27 PM (9 years ago) | Upcoming
Reply
- SOGaiya at 14-08-2014 06:42 PM (9 years ago)
(m)
cashless economy in bankin system anoda trial vasion
Posted: at 14-08-2014 06:42 PM (9 years ago) | Gistmaniac
Reply
- cocoeni at 14-08-2014 07:34 PM (9 years ago)
(f)
 Roll Eyes Roll Eyes
Posted: at 14-08-2014 07:34 PM (9 years ago) | Hero
Reply
- winace at 14-08-2014 07:53 PM (9 years ago)
(f)
We are still paying anyway.
Posted: at 14-08-2014 07:53 PM (9 years ago) | Addicted Hero
Reply
- u10bs1093 at 14-08-2014 08:25 PM (9 years ago)
(m)
THERE IS GOD OOOOOOOOOOOOOOO
Posted: at 14-08-2014 08:25 PM (9 years ago) | Newbie
Reply
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