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

9 months ago by: Adegbenga Ayinla
-- (m) at 20-09-2019 12:50PM (9 months ago)

(6677 | Gistmaniac)


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.



-- fineboy77 (m) at 20-09-2019 01:30PM
(10192 | Hero)

ok

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-- maxzy277 (m) at 20-09-2019 02:10PM
(3639 | Gistmaniac)

But it was implemented so soon, i think government should start preparing people’s mind at least a year before they kick start such
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-- Olandetujaa (m) at 20-09-2019 02:24PM
(415 | Upcoming)

No. Problem we will make sure we do 500k in multiples
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-- allenspike (m) at 20-09-2019 02:33PM
(4095 | Gistmaniac)

Ok i see
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-- Makodama (m) at 20-09-2019 04:13PM
(713 | Upcoming)

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?
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-- Haso112 (m) at 20-09-2019 04:31PM
(6557 | Gistmaniac)

Quote from: Makodama on 20-09-2019 04:13PM
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....
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-- kaposky (m) at 20-09-2019 04:54PM
(3785 | Gistmaniac)

USELESS GOVERNMENT WITH USELESS POLICY
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