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Nairaland Forum / Nairaland / General / Business / Does N150k Withdrawal Limit Affect Domiciliary Account Holders? (4402 Views)
CBN Says Account Holders Can Access Cash As BVN Deadline Ends Today / Cbn Limits Overseas Atm Cash Withdrawal Limit To Ngn60,000 / What Is A Domiciliary Account? (2) (3) (4)
Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by Bfine: 5:17am On Aug 25, 2011 |
Does any one know if DOM a/c holders will be affected by the CBN cashless policy. |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by Sagewood: 7:26am On Aug 25, 2011 |
Ill-timed plan. Make Nigeria fully automated or set-up cashless payment systems prior to engaging in a draconia rule. Good idea, but bad timing! |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by marcus1234: 8:19am On Aug 25, 2011 |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by babaowo: 8:27am On Aug 25, 2011 |
how many houses fashola build for poor masses |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by Nobody: 9:21am On Aug 25, 2011 |
I dont think so, and they should not think so too, cos if they do, i will cut my last tire with nigeria |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by Greenpro: 10:51am On Aug 25, 2011 |
it will be another rule for that type of acct. |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by deenee: 11:00am On Aug 25, 2011 |
My advice would that you contact the bank that you have a domiciliary account with and submit all your FAQs to them.They would be in the best position to provide the answers that you seek. This said, I can say that even before this policy , there has always been a 'limit' to the number of transactions you can consummate, periodically on on cash dom. account in terms of 'volume and value' for money laundering reasons |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by Desert01: 12:18pm On Aug 25, 2011 |
This guys amazes me !! The ATM machines in front of banks are not even safe from fraudsters yet , now they will want us to carry our cards to shops , What security measures have been put in place so I don't lose my money. All that is needed for a thief to rob you now is an internet connection "Logon and transfer your money or lose your life !!!" . Naija style of putting the cart before the horse . |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by executinal(m): 1:34pm On Aug 25, 2011 |
Same policy govern all transaction. |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by queenesthr(f): 1:40pm On Aug 25, 2011 |
Desert01: What is the security measure in place for the cash you are presently carrying to shops ? |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by oknee: 2:51pm On Aug 25, 2011 |
D policy said dt once u withdraw more dn 150k, u wil be charged cash handling charge. I don't think d policy can affect dom accts cos most banks charge u for any withdrawl in dom accts |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by denny4ril: 7:02pm On Aug 25, 2011 |
the policy did not state categorically about domiciliary account. |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by sirp2007: 7:10pm On Aug 25, 2011 |
oknee: I think u are spot on. |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by VUVUZELA10: 1:31am On Aug 26, 2011 |
Domiciliary accounts are in foreign currencies. The directive was very clear. It is the withdrawals above N150,000 that are affected. |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by tinytempa(m): 5:08am On Aug 26, 2011 |
my hard earn MONEY my money, |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by tefund(m): 5:39pm On Aug 26, 2011 |
I think by this policy sanusi is proving he is operating from different wave length with the reality of the NIGERIAN situation.Nigeria is just not ripe with this kind of a ting, even the most advanced economy in the world the usa has experienced an upsurge in card fraud inspite of her high technology |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by JayKid1(m): 11:01pm On Aug 26, 2011 |
This is really a bad timing to effect that policy. |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by walcolm(m): 6:54am On Oct 26, 2011 |
Bfine: based solely on the phrasing of the policy, its supposed to be an integrated thing. the sum of all your daily cash transaction (emphasis on CASH) in any single bank must not exceed 150k. so if you decide to collect FX from your dom account and also plan on withdrawing from your savings account,it will all count |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by walcolm(m): 6:57am On Oct 26, 2011 |
Sagewood: who is going to make nigeria fully automated? without this policy, what is the incentive for an average business to make POS terminal available for their customers to use? think about that |
Re: Does N150k Withdrawal Limit Affect Domiciliary Account Holders? by walcolm(m): 7:01am On Oct 26, 2011 |
Desert01: so you think carrying your cash in your pocket is much safer than using electronic banking? if a thief comes to your house and collects your cash, you think its easier to track him as opposed to tracking the movt of electronic money when he tells you to transfer your money online to an account that is named in a bank? |
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