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.
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Posted: at 14-08-2014 11:42 AM (9 years ago) | Addicted Hero
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
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
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