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Nairaland Forum / Nairaland / General / Business / Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month (18732 Views)
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Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by Benoxvals(m): 7:05am On Dec 02, 2016 |
True..got the message from UBA yesterday... Dear NONSO•••••• We wish to notify you of our revised spending and withdrawal limits on foreign currency cash deposits made into your domiciliary account. This change is effective December 5, 2016. Enjoy our new limits below on your transactions this festive period. § ATM Limit - $5,000/weekly § POS Limit - $5,000/weekly § Web Limit - $5,000/weekly § Wire Transfer -$10,000 / weekly * There is no spending limit if foreign currency deposit is not cash based and there is no limit for across the counter cash withdrawals. Thank you for banking with us. www.ubagroup.com Africa’s global bank Get Social 2 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by TroubleMaker47(m): 7:05am On Dec 02, 2016 |
Emefiele is just a punk! A REALLY DUMB PUNK! 3 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by Localamos(m): 7:06am On Dec 02, 2016 |
ogododo: Some people don't even know the difference between communism and regulation. America, UK and other developed economies are well regulated. Does that mean they are communist nations? |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by PaulIdu: 7:08am On Dec 02, 2016 |
This is criminal ... Buhari has finally started siezed and started spending the money in dorm accounts where his eyes have been all along .... Sarrki I need your take on this ASAP 3 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by hedonistic: 7:09am On Dec 02, 2016 |
And some misguided bastards are still blaming Jonathan and the PDP for the horrendous situation we find ourselves? These kinds of nonsensical policies are responsible for the recession we're in, NOT Jonathan. I don't know how Nigerians allowed themselves to be persuaded by this brain-dead cattle farmer from Daura. We've not seen anything yet. This is only the beginning. 12 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by demmahomidi: 7:10am On Dec 02, 2016 |
Another rogue policy designed to hike the exchange rate so that emefiele and partners who have access to back door dollars can keep smiling to the bank. 1 Like |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by PaulIdu: 7:12am On Dec 02, 2016 |
Localamos: If you can't see that theft and brazen robbery attempt here then I am sorry you are a demon from hell like our principal Buhari .. Since the day Buhari claimed that over 20 billion dollars is trapped in local dorm accounts like he kept it there I knew he would look for ways to start spending that money ..Take it from me the Federal Govt is already spending the saving of Nigerians "trapped in dorm accounts...Do you even know why alot of people save money in dorm accounts ? They do because of the unstable naira. 6 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by PaulIdu: 7:15am On Dec 02, 2016 |
frankmoney: What has this got to do with Emefiele? Can't you see the the body language of the demon Buhari written all over this? 3 Likes 1 Share |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by pointstores(m): 7:15am On Dec 02, 2016 |
serious |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by Kenmatt(m): 7:16am On Dec 02, 2016 |
I can't even understand how most of you think and even gush without a reason. In about a time ago, it use to be 10,000 dollars per week. Today, the benchmark is 10,000 dollars per month and you are all ranting. What was the value of 10,000 dollars in about two to three years ago? What is the value of the same amount now? 1 Like |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by SoNature(m): 7:18am On Dec 02, 2016 |
virginboy1: smh 1 Like |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by Nobody: 7:19am On Dec 02, 2016 |
zaimeg:Seriously when people like you talk about 2023 it annoys me to my soul, 2019 is still very far away and ur talking about 2023, bros see if na curse you wan curse Nigeria Abeg reverse am fast fast. 4 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by frankmoney(m): 7:22am On Dec 02, 2016 |
PaulIdu:are u OK ? They said CBN which is in charge of all monetary policies.... which means Godwin emefiele initiated the policy. .. 4 Likes 1 Share |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by AreaFada2: 7:23am On Dec 02, 2016 |
My pipu, how far na? Hope you guys, especially the international businessmen fans of Buhari, dey kampe. Hope you guys are thoroughly enjoying this change. Na me o, your humble 5 percenter & BOT member, Conferederation of Wailers International (CWI). 3 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by felixomor: 7:24am On Dec 02, 2016 |
Oh Lord, This is communism. Lift us out. 1 Like |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by PaulIdu: 7:26am On Dec 02, 2016 |
frankmoney: I see you intend to fool yourself and fool yourself deeply at that ..Good day 4 Likes 1 Share |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by MARKone(m): 7:26am On Dec 02, 2016 |
This will surely affect importers. |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by ELKHALIFAISIS(m): 7:30am On Dec 02, 2016 |
Miles300:uncle buhari is clueless and incompetent dullard... , very soon we will go the way of north Korea were the citizen is ban from watching foreign news or had to seek permission from the Tyrant President before one travel out of the country... buhari is a mad cow |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by lucidlex: 7:31am On Dec 02, 2016 |
virginboy1: Point of Order: d Minister of Petroleum is not a Lawyer. Only the 'Minister of State' for petroleum is. D Hon. Minister of Petroleum is yet to produce his SSCE certificate #lipssealed 5 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by cupidhero(m): 7:31am On Dec 02, 2016 |
This people are going mad. See nonsense. |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by moshino(m): 7:34am On Dec 02, 2016 |
NATIONALPASTOR: What they mean is: You cannot transfer more than $10k (per month) overseas from your dorm account funded by CASH $ deposits. 1 Like |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by Nobody: 7:40am On Dec 02, 2016 |
I think this administration is using this stringent foreclosure scheme to enrich some people, because I don't see any reason for putting so much limitations on the use of fore (at the moment they can't even use the "we want to encourage homemade manufacturers" as an excuse). There is a lot behind this limitations than meets the eye. |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by Nobody: 7:40am On Dec 02, 2016 |
I think this administration is using this stringent forex rules to enrich some people, because I don't see any reason for putting so much limitations on the use of forex (at the moment they can't even use the "we want to encourage homemade manufacturers" as an excuse). There is a lot behind this limitations than meets the eye. 1 Like |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by mlanreh: 7:44am On Dec 02, 2016 |
GossipHeart: If you into Import or Export then you will know this gov z killing the economy it's self 3 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by Kenmatt(m): 7:45am On Dec 02, 2016 |
virginboy1: |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by onatisi(m): 7:46am On Dec 02, 2016 |
ogododo:The same rule applies,what they are saying is you can put 100k$,in ur dorm account but the maximum you can withdraw and spend in a month is 10k 1 Like |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by drnoel: 7:50am On Dec 02, 2016 |
WILLYBABS: Hehehhe, next time Nigerians hear the word change. They will know it is one chance. 2 Likes 1 Share |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by bishopkay: 7:52am On Dec 02, 2016 |
Well this would only encourage people to store up their dollars either at home safes or convert them to "laudryable" units. Hehehehe (only coded men would understand what I said last) Stupid government! Run by the most clueless incompetent old fool in the world. On another note I'm yet to see any of them zombie hordes comment on this. They all just view and run away 2 Likes |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by mrkeys226: 7:52am On Dec 02, 2016 |
ogododo: just to clarify...this isnt a CBN regulation but a business decision by STANBIC... |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by mrkeys226: 7:54am On Dec 02, 2016 |
this caption is wrong...CBN has not given such a directive. however it is a business decision by the concerned bank. 1 Like 1 Share |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by onatisi(m): 7:55am On Dec 02, 2016 |
mrkeys226:I think access bank too has sent out a similar notice |
Re: Stannic IBTC Bank Limits Domiciliary Account Spending To $10000 Per Month by zaimeg: 7:56am On Dec 02, 2016 |
dumo1:Face reality. The government is just hoping that a miracle will increase oil price and stop bombing of oil infrastructure. They don't have any plans. By 2019,there will be little or no opposition due to divide and rule strategy going on now. Also, the average politician is there for his stomach first. Your protest vote won't count. 4 Likes |
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