I have a savings account with First bank and just recently, i got charged an account maintenance fee, which I know is only applicable to current accounts.

I got in contact with them and was told that the fee is charged on savings accounts that record a high volume of transactions monthly.

I am aware that the common thing obtainable with savings accounts in banks is that if you withdraw more than a certain number of times in a month, the interest will not be paid on the account for that month.

So it's not just enough that the interest on the account is not paid anymore, I am now being charged even further?

Can anyone confirm if the same is applicable with savings accounts at other banks or is First bank trying to play a fast one on me?

They did that to me too. We are at their mercy. CBN is part of the scam.

Nigeria banking system is poor

They did that to me, I complained to their complaint team and wrote to consumers protection council. They reversed the charge after a week. I was ready to hire a lawyer. I was ready to give them a bad image.

This is totally unethical and something should be done about it.

ice234:
They did that to me, I complained to their complaint team and wrote to consumers protection council. They reversed the charge after a week. I was ready to hire a lawyer. I was ready to give them a bad image.

I will do the same and question why a savings account would be treated as a current account only when it is in the interest of the bank and not of the customer.
We cannot keep quiet on issues like this unless it will continue.

ice234:
They did that to me, I complained to their complaint team and wrote to consumers protection council. They reversed the charge after a week. I was ready to hire a lawyer. I was ready to give them a bad image.

I have just towed the same line with you. Waiting for the response from their complaints team before the next step. Nansense!!!

Were you successful?

zuzuonyi:

I have just towed the same line with you. Waiting for the response from their complaints team before the next step. Nansense!!!