The new charges were contained in the Guide to Charges by Banks and other Financial Institutions by CBN on Sunday.
Electronic transfers below N5000 will attract a fee of N10, and N25 between N5000 to N50,000. The only time a N50 fee will be charged is when the electronic transfer exceeds N50, 000.
The N65 charge for cash withdrawals via other banks ATM after the third withdrawal within the same month has been slashed to N35 and the card maintenance fee on all cards linked to current accounts has been reduced to a maximum of N1 per mille on customer induced debit transactions to third parties and transfers or lodgements to customers' account in other banks on current accounts only.
From Daily Post.
Still rubbish. Why not scrap it off totally?
ReplyDeleteThey're running like headless chickens now because apps like opay are giving them a run for their money. Don't reduce it. Wait for me to pay N52 for a simple transfer. Useless hegoats making life difficult in this country!
DeleteThank God!!I hope its true
ReplyDeleteGood News. But they forgot to also reduce the fee for lodgements into the account.All the same, I'm excited. I will stop waking up to unnecessary
ReplyDeletedebit alerts. A***** Bank, your own has finished! Always debiting customers for everything .Now, if you don't work hard, you can't declare all those mind blowing profits.
Umu Chineke,praise the Lord
ReplyDeleteHallelujah Hallelujah Hallelujah Hallelujah Hallelujah Hallelujah
DeleteScam! Reduce wetin? Dem go collect am back oh... So, they are prepping us towards the 7.5% vat in 2020...
Deletegreat news
ReplyDeleteThank God,I just pray it works
ReplyDeleteMobile transfer nko?
ReplyDeleteNo reduction?
I'm not impressed.😥😥
Is mobile transfer not electric transfer?
DeleteNonsense just take off the whole shit! U pay to withdraw ur money 😡
ReplyDeleteThe part of using other bank ATM's is not true Stella. Now, if you use it just once, 65 don commot your account.
ReplyDeleteStella is correct. .its after 3 withdrawals
DeleteGood news💃🏼💃🏼💃🏼💃🏼 we are heading there soon no more bank charges😂😂😂😂😂😂😂
ReplyDeletebanks may set their ATMs to be paying only 5k at once so that people will be doing multiple withdrawal .
ReplyDeleteThat is a smart idea, I am thinking towards that direction. Cunny man die........
DeleteI still believe we are operating a military regime...Someone will just wake up and change certain things without doing a proper orientation to the people and the citizens be informed way before hand..When is this so called policy taking effect?? Info and communication is totally poor in this country...
ReplyDelete1st Jan 2020. Read slowly
DeleteI think the only thing you want to do is complain. Everything is boldly written up there but you choose to rant.
DeleteWhat's the correlation here with military regime?
Una get problem.
The bank that charges 50 naira or thereabout as card maintaince fee every month, side eyes to you.
ReplyDeleteDon't mind them.
DeleteI pay to collect the card. It's in my hand o, and they still charge me for maintenance. Who is the "maintainer" now? 🤷
I don't understand the part that deals with card maintainace fee
ReplyDeleteOk Niceeee.....
ReplyDeleteThank God. The hidden charges on my mom account is outrageous.
ReplyDeleteAna patchi oneliki.. Total rubbish! They will device another means to collect even more.. Ndị asai..
ReplyDeleteNoted good news
ReplyDeleteAt last....... Good, but they can do more.
ReplyDeleteWhat of the 50 naira charge on POS? Started in abuja since October/November. Some restaurants, filling stations and supermarkets. How do we achieve a cashless society when you charge people to use the POS. Sanusi had the right idea by making all ATMs free but because of free money that banks and CBN wants to embezzle, they started the charges again.
ReplyDeleteTotal rubbish, imagine to withdraw your money or make a transfer from your bank.....
ReplyDeleteIs it Messages, they charge you too.....
chim-oma aka Miss Kapusu