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

Published 3 weeks ago by: Adegbenga Ayinla
at 12:50 PM, 20/09/2019 (3 weeks ago)

(2058 | Gistmaniac) (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.


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fineboy77 at 01:30 PM, 20/09/2019 (3 weeks ago)
(9854 | Hero) (m)

ok

Reply
maxzy277 at 02:10 PM, 20/09/2019 (3 weeks ago)
(3252 | Gistmaniac) Online (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
Reply
Olandetujaa at 02:24 PM, 20/09/2019 (3 weeks ago)
(299 | Upcoming) (m)

No. Problem we will make sure we do 500k in multiples
Reply
allenspike at 02:33 PM, 20/09/2019 (3 weeks ago)
(3925 | Gistmaniac) (m)

Ok i see
Reply
Makodama at 04:13 PM, 20/09/2019 (3 weeks ago)
(610 | Upcoming) (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?
Reply
Haso112 at 04:31 PM, 20/09/2019 (3 weeks ago)
(6324 | Gistmaniac) Online (m)

Quote from: Makodama on 04:13 PM, 20/09/2019
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....
Reply
kaposky at 04:54 PM, 20/09/2019 (3 weeks ago)
(3362 | Gistmaniac) Online (m)

USELESS GOVERNMENT WITH USELESS POLICY
Reply

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