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Saturday, April 29, 2017

REVISED GUIDE TO BANK CHARGES

I got this in my email.....

Please be informed that the Central Bank of Nigeria (CBN) has released a new guide to Bank charges effective May 1, 2017. (See copy of the CBN circular attached).

Notable amongst the list is the Charge on Returned Cheque due to insufficient funds which has been reviewed upwards. N5,000.00 flat would be charged for cheques N500,000.00 and below, while a 1% charge applied on cheque value for amounts above N500,000.00.


Do ensure that you fund your account(s) on time to enable us honor your instruments whenever presented as severe sanctions await customers with returned cheques (irrespective of frequency) due to insufficient funds.



Sequel to the CBN circular on issuance of DUD cheques dated June 28, 2016, a monthly report of customers who issue any cheque against an unfunded account (irrespective of frequency) is forwarded to Central Bank of Nigeria (CBN) and erring customers would be barred from using Clearing system and accessing credit facilities for a period of five (5) years and shall also have their cheque books cancelled/recalled.






The defaulters shall in addition have their account details forwarded to the Economic and Financial Crimes Commission (EFCC) for further investigation and prosecution.
By -

9 comments:

  1. Anonymous29 April 2017 at 10:05

    GTB collects 250naira montly, kilode

    ReplyDelete
    Replies
    1. Tessbaby29 April 2017 at 11:13

      For?

      Delete
    2. Teddy29 April 2017 at 17:49

      Mine was #325 for sms.. the thing tire me

      Delete
    3. Tessbaby29 April 2017 at 18:31

      Pls port to mails only. Cnt remember d last time I recieved sms alert. I asked cos i dont get such debit monthly from them.


      U can imagine how much they charge 4 only one transaction. Alert 4 login, transfer alert, 100naira debit alert seperately, vat alert 5naira seperately b4 d main amount u transferred. Too much 4 sms na.

      Delete
  2. SWAG LAFRESH 29 April 2017 at 10:13

    I wish I can keep my money at home.

    They must find a way to get something from us. Hope they will put to better use the charges when they get it?

    ReplyDelete
  3. Stella Melody29 April 2017 at 10:16

    That is serious sanction. So those in the habit of issuing DUD cheque be warned. CBN is not smiling at all

    ReplyDelete
  4. sholetoga29 April 2017 at 12:12

    Upon all the money this government claim to have recovered, they still want to collect from the citizens.....oga gan ni.....

    ReplyDelete
  5. Anonymous29 April 2017 at 12:50

    It is alright.

    ReplyDelete

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