BREAKING: CBN Drops ATM Withdrawal Fee To N35, Reviews Bank Charges

Date: 22-12-2019 6:50 pm (4 years ago) | Author: Mister Jay Wonder
- at 22-12-2019 06:50 PM (4 years ago)
(m)

The Central Bank of Nigeria on Sunday reduced the withdrawal fee charged for the use of other banks’ Automated Teller Machines from N65 to N35.

The N35 ATM fee according to the CBN should be imposed on customers after 3rd withdrawal within one month.

Bank customers will henceforth pay N10 for each electronic transfer below N5,000, and N25 for electronic transfer between N5,000 and N50,000.

Meanwhile, the CBN stated that any Financial Institution that breaches any of the provisions as contained in the new Guide carries a penalty of N2 million per infraction or as may be determined by the CBN from time to time.

The new directive is set to take effect on January 1, 2020

Posted: at 22-12-2019 06:50 PM (4 years ago) | Addicted Hero
- jahlovesme at 23-12-2019 10:36 AM (4 years ago)
(m)
u suppose not drop am...bunch of idiots
Posted: at 23-12-2019 10:36 AM (4 years ago) | Gistmaniac
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- module at 23-12-2019 02:13 PM (4 years ago)
(m)
Is d #35 not 2 much. What are u ppl maintaining
Posted: at 23-12-2019 02:13 PM (4 years ago) | Upcoming
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