Despite the removal of interbank charges on ATM, some banks are still deducting these charges from customer. Hope the regulatory bodies read this report in one of the national dailies today .

Many of the Deposit Money Banks are still removing Automated Teller Machines, ATMs, charges on interbank transactions. The Bankers’ Committee had on Tuesday removed the charges on interbank trasactions to minimise the financial burden of bank customers and also make services friendly.

Speaking to National Mirror yesterday, a bank customer, Mr. Seyi Adeola said Guaranty Trust Bank Plc deducted N100.00 ATM card transaction charge for using the First Bank’s ATM to withdraw. He said, “Could you imagine that GTB charged N100.00 for using the First Bank ATM card to withdraw.

It’s like the banks don’t want to comply with the directive.” Another customer, Mr. Abdul Yusuf, said he used the GTB credit card to withdraw money at United Bank for Africa Plc and the N100.00 interbank transaction charge was removed.

When contacted, the Head, Corporate Communication of Union Bank Plc, Mr. Francis Barde said the Bankers Committee made the pronouncement for the removal and it was not authomatic.

He explained that there should be a timeline because the ATMs service providers have to reconfigure the machines to suit the present challenge. The spokesman of Ecobank Plc, Mr. Austin Asokpor, said that the bankers’ committee pronouncement is yet to be effected and as soon as they work out the modalities, the bank will comply.
http://nationalmirroronline.net/new/bank-still-charge-on-inter-bank-atm-transactions-customers/

Was any deadline given? If not then let's have a little patience cos they'll need to reconfigure the software on the ATMs.

Dem be ole
Indi owo bankers

I wil comment later am at d swearing in of Hon. Patrick Obahiagbon as d chief of staff to Oshiomhole. My BB dictionary is at work right now but can't find most of his grammer herein

Implementation of policies take time in Naija.So,give it time

Exercise some patience bro. They are agreed and a date still needs to be set. Moreover, the atms needs to be reconfigured. Cheers

afam4eva: Was any deadline given? If not then let's have a little patience cos they'll need to reconfigure the software on the ATMs.

yes! they are still charging on interbank transactions on ATMs because, the system has been implemented & officially announced. it was an agreement & decision reached by committee of bankers, during the last Banker's forum held. so pls, dont escalate what is nothing to become 'BOKO HARAMs' Den. @ op, check previous article on this info. thank you

Even Diamond Bank with their countless sms/emails on removal of the interbank ATM charges still debits my account for same..

qplus: I wil comment later am at d swearing in of Hon. Patrick Obahiagbon as d chief of staff to Oshiomhole. My BB dictionary is at work right now but can't find most of his grammer herein

eyaaaah! Who d swear 4 patrick obahiagbon? Wetin him do?

Hope they will nt come out wit sumtin worster dan dat?

It will take time for them to adapt, but if it deduction they will quickly change it.

I am of the opinion that this new policy will actually reduce the efficiency of the ATMs if there was any in the first place.
I know of a bank in Ibadan who for many years had a range of atm cards without a single atm machine, the said bank can only boast of a single atm dispensing machine in the whole of Oyo state.
Other banks will spend their money to replenish their atm machines while customers from the bank I sited collect.
If the modalities for this policy is not carefully worked out, we will soon have banks on the same platform of visa or mastercard rejecting other banks card. I am sure some of us can still easily remember that during the early days of GSM, MTN refused to have GLO's call terminate on their network because of some fees that were supposed to be paid to each other.

let them hurry up na,N100 is something

it will be hard for this to stop.

I tire 4 dem oo... I used my GTb atm card on a Zenith atm machine,n yet N100 waz deducted... Maybe dey've nt passed d bill... Letz wait n Ơ̴̴͡.̮Ơ̴̴͡ Wat happens next..

Cos naija matter n talks are alwayz procastination.

binger: Implementation of policies take time in Naija.So,give it time

But the implementation will be automatic had this been an upward review of the interbank charges

dont think they were given deadline so let exercise a little patient.

Once the pronouncement was made by CBN, I expected Banks to comply. Do they need to write to the National Assembly for approval before they configure their ATM software. I bet if it was to increase the transaction (withdrawal) charge, the software would have been configured even before CBN made the pronouncement public. If this pronouncement see the light of the day, Nigerians are hereby encouraged to check their account balance timely because banks will step up their games in hidden charges on customers' accounts.

Guchis: Even Diamond Bank with their countless sms/emails on removal of the interbank ATM charges still debits my account for same..

this one na lie Diamond bank have stop to remove the interbank ATM charge maybe they are charging you for sms/email

bodejohn: I am of the opinion that this new policy will actually reduce the efficiency of the ATMs if there was any in the first place.
I know of a bank in Ibadan who for many years had a range of atm cards without a single atm machine, the said bank can only boast of a single atm dispensing machine in the whole of Oyo state.
Other banks will spend their money to replenish their atm machines while customers from the bank I sited collect.
If the modalities for this policy is not carefully worked out, we will soon have banks on the same platform of visa or mastercard rejecting other banks card. I am sure some of us can still easily remember that during the early days of GSM, MTN refused to have GLO's call terminate on their network because of some fees that were supposed to be paid to each other.

on point

Series22: eyaaaah! Who d swear 4 patrick obahiagbon? Wetin him do?

you get sense so?

Nigeria attimes amuse me,the configuration ought to have been done,before announcing the withdrawal of the access fee. This is a clear difference btw a developed country,and under developed ones.

Even though, this is a welcome idea, yet, I smell S.L.S is gradually driving-in his interest free banking policy mindset into the entire nigerian banking sector gradually.

They should allow individuals to own ATM and make their money from the fees they charge. This is to ensure efficiency in ATM service

they still charged me at GTB ATM at Ajose Adeogun in V.I 2hours ago

Please uba bank collects 150 for atm withdrawals now that 100 has been removed I guess they will be charging 50naira

Maybe the ATM machine no wan stop. The machine too dey show sharpness as nothing wey come 9ja without being corrupt

[size=15pt]the worst is when you want to be given Master in G.T.B they collect close to 1000 naira its very annoying.....
they should please be serious with this ending of ATM charges.. [/size]

Nonsense, They charged me yesterday and today again

Nonsense! Am sure if they had increase the money from 100naira to 200naira.. We woulda seing the effect with immidiate alacrity.. Naija! naija!! naija!!!, we hail thee

gulfer: But the implementation will be automatic had this been an upward review of the interbank charges

It's true

afam4eva: Was any deadline given? If not then let's have a little patience cos they'll need to reconfigure the software on the ATMs.

Buhahahahah....How long does it take to reconfigure software?? Just to edit a line that probably looks like: >> Current Balance = Previous Balance-(amount withdrawn + 100)??.
If it were to "reconfigure" the atm to >>> >> Current Balance = Previous Balance-(amount withdrawn + 1000), it would have been done even before the announcement was made!!!
It's just plain greed.