Stella Dimoko Korkus.com: CBN Reduces Charges On All Bank Transactions

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Monday, December 23, 2019

CBN Reduces Charges On All Bank Transactions

The Central Bank Of Nigeria (CBN) has announced a reduction in bank charges on ATM withdrawals, electronic transfers, card maintenance fees, which will take effect from the 1st of January 2020.







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.

31 comments:

  1. Still rubbish. Why not scrap it off totally?

    ReplyDelete
    Replies
    1. They'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!

      Delete
  2. Good 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
    debit 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.

    ReplyDelete
  3. Replies
    1. Hallelujah Hallelujah Hallelujah Hallelujah Hallelujah Hallelujah

      Delete
    2. Scam! Reduce wetin? Dem go collect am back oh... So, they are prepping us towards the 7.5% vat in 2020...

      Delete
  4. Mobile transfer nko?
    No reduction?
    I'm not impressed.πŸ˜₯πŸ˜₯

    ReplyDelete
    Replies
    1. Is mobile transfer not electric transfer?

      Delete
  5. Nonsense just take off the whole shit! U pay to withdraw ur money 😑

    ReplyDelete
  6. The part of using other bank ATM's is not true Stella. Now, if you use it just once, 65 don commot your account.

    ReplyDelete
  7. Good newsπŸ’ƒπŸΌπŸ’ƒπŸΌπŸ’ƒπŸΌπŸ’ƒπŸΌ we are heading there soon no more bank chargesπŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

    ReplyDelete
  8. banks may set their ATMs to be paying only 5k at once so that people will be doing multiple withdrawal .

    ReplyDelete
    Replies
    1. That is a smart idea, I am thinking towards that direction. Cunny man die........

      Delete
  9. I 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...

    ReplyDelete
    Replies
    1. 1st Jan 2020. Read slowly

      Delete
    2. I think the only thing you want to do is complain. Everything is boldly written up there but you choose to rant.
      What's the correlation here with military regime?
      Una get problem.

      Delete
  10. The bank that charges 50 naira or thereabout as card maintaince fee every month, side eyes to you.

    ReplyDelete
    Replies
    1. Don't mind them.
      I pay to collect the card. It's in my hand o, and they still charge me for maintenance. Who is the "maintainer" now? 🀷

      Delete
  11. I don't understand the part that deals with card maintainace fee

    ReplyDelete
  12. Thank God. The hidden charges on my mom account is outrageous.

    ReplyDelete
  13. Ana patchi oneliki.. Total rubbish! They will device another means to collect even more.. Ndα»‹ asai..

    ReplyDelete
  14. At last....... Good, but they can do more.

    ReplyDelete
  15. What 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.

    ReplyDelete
  16. Total rubbish, imagine to withdraw your money or make a transfer from your bank.....
    Is it Messages, they charge you too.....



    chim-oma aka Miss Kapusu

    ReplyDelete

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