CBN issues new guidelines, slashes banks' ATM withdrawal fees from N65 to N35

The Central Bank of Nigeria (CBN) has reduced charges applicable on electronic bank transactions for account holders across the country.

Details of the new charges are contained in the latest Guide to Charges by Banks and Other Financial Institutions released by the CBN on Sunday.

According to the CBN, the withdrawal fee charged for the use of other banks’ Automated Teller Machines has been slashed to N35 from N65. The new N35 ATM fee is to be imposed on customers after the third withdrawal within one month, the new guide said.

The CBN revealed further that bank customers will now pay N10 for electronic transfers below N5,000, and N25 for electronic transfer between N5,000 and N50,000. Only electronic transfer above N50,000 will attract N50 charge, it added.

source https://www.ladunliadinews.com/2019/12/cbn-issues-new-guidelines-slashes-banks.html

Share On:

Facebook Twitter WhatsApp Google+ Pinterest

Copy the link below and Share with your Friends:

Download Our Official Android App on Google Playstore HERE
OR
Download from another source HERE

Subscribe to our posts and be the first to receive email updates.

About Blogindoor
Blogindoor.com Is A Top Tech Blog That Provides Free And Cheap Browsing Cheats On Mtn, Etisalat, 9mobile, Glo And Airtel, Latest Phone And PC Updates, Tweaking Guides And Tech News.