CBN Corrects Nigerians Mindset On Cash-less Policy Deposit/Withdrawal Charge

Date: 20-09-2019 12:50 pm (4 years ago) | Author: Adegbenga Ayinla
- at 20-09-2019 12:50 PM (4 years ago)
(m)

A lot of people think the charges will be on the entire money deposited/withdrew. Now CBN in a tweet has made the explanation clear.
Quote
''The Cash-less Policy deposit/withdrawal charge is only on the amount in excess of the limit. For instance, if you deposit a cash of N501,000.00. N1,000.00 is in excess of the limit. The bank will charge you 2% of N1,000.00 which is N20.00''
a message from its twitter handle read.

Posted: at 20-09-2019 12:50 PM (4 years ago) | Gistmaniac
- fineboy77 at 20-09-2019 01:30 PM (4 years ago)
(m)
ok
Posted: at 20-09-2019 01:30 PM (4 years ago) | Addicted Hero
Reply
- maxzy277 at 20-09-2019 02:10 PM (4 years ago)
(m)
But it was implemented so soon, i think government should start preparing people’s mind at least a year before they kick start such
Posted: at 20-09-2019 02:10 PM (4 years ago) | Gistmaniac
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- Olandetujaa at 20-09-2019 02:24 PM (4 years ago)
(m)
No. Problem we will make sure we do 500k in multiples
Posted: at 20-09-2019 02:24 PM (4 years ago) | Gistmaniac
Reply
- allenspike at 20-09-2019 02:33 PM (4 years ago)
(m)
Ok i see
Posted: at 20-09-2019 02:33 PM (4 years ago) | Gistmaniac
Reply
- Makodama at 20-09-2019 04:13 PM (4 years ago)
(m)
What if I deposit 598k?N1960 naira would be deducted as 2% excess of 500k.Do you know how many bottles of beer I'd lose from that?
Posted: at 20-09-2019 04:13 PM (4 years ago) | Gistmaniac
Reply
- Haso112 at 20-09-2019 04:31 PM (4 years ago)
(m)
Quote from: Makodama on 20-09-2019 04:13 PM
What if I deposit 598k?N1960 naira would be deducted as 2% excess of 500k.Do you know how many bottles of beer I'd lose from that?

 Grin Grin Grin Grin Grin Grin

I FEEL YA PAIN MY MEN....
Posted: at 20-09-2019 04:31 PM (4 years ago) | Gistmaniac
Reply
- kaposky at 20-09-2019 04:54 PM (4 years ago)
(m)
USELESS GOVERNMENT WITH USELESS POLICY
Posted: at 20-09-2019 04:54 PM (4 years ago) | Gistmaniac
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