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CBN Reintroduces Charges on Cash Deposits, Withdrawals - Business - Nairaland

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CBN Reintroduces Charges on Cash Deposits, Withdrawals by Adesiji77: 9:08pm On Feb 23, 2017
The Bankers' Committee at its 439th meeting held on 8th February 2017 reviewed the cash-less policy charges on withdrawal and deposit and decided that the policy be extended to the 30 remaining states of the Federation.

Highlights
-Charges on deposits were reintroduced.

-Charges on deposits and withdrawals were reviewed.

The new charges are to take effect in the existing cash-less states from 1st April 2017 while nationwide implementation of the policy commences from 1st May, 2017 though in phases across the states.

See details below in the attached CBN circular.

Source: CBN Circular dated 21st February, 2017

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Re: CBN Reintroduces Charges on Cash Deposits, Withdrawals by eezeribe(m): 9:16pm On Feb 23, 2017
OK
Re: CBN Reintroduces Charges on Cash Deposits, Withdrawals by Adesiji77: 9:32pm On Feb 23, 2017
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Re: CBN Reintroduces Charges on Cash Deposits, Withdrawals by FirstTImeUser: 10:12pm On Feb 23, 2017
Ok
Re: CBN Reintroduces Charges on Cash Deposits, Withdrawals by ihedioramma: 10:00pm On Feb 24, 2017
WHY now?

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