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Nairaland Forum / Nairaland / General / Business / Banks Still Charge On Interbank ATM Transactions (6454 Views)
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Banks Still Charge On Interbank ATM Transactions by lekanolas: 2:58pm On Nov 15, 2012 |
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/ |
Re: Banks Still Charge On Interbank ATM Transactions by Afam4eva(m): 3:16pm On Nov 15, 2012 |
Was any deadline given? If not then let's have a little patience cos they'll need to reconfigure the software on the ATMs. 4 Likes |
Re: Banks Still Charge On Interbank ATM Transactions by sexybash(f): 3:17pm On Nov 15, 2012 |
Dem be ole Indi owo bankers |
Re: Banks Still Charge On Interbank ATM Transactions by qplus(m): 3:19pm On Nov 15, 2012 |
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 1 Like |
Re: Banks Still Charge On Interbank ATM Transactions by Nobody: 3:20pm On Nov 15, 2012 |
Implementation of policies take time in Naija.So,give it time |
Re: Banks Still Charge On Interbank ATM Transactions by elothaddi(m): 3:20pm On Nov 15, 2012 |
Exercise some patience bro. They are agreed and a date still needs to be set. Moreover, the atms needs to be reconfigured. Cheers |
Re: Banks Still Charge On Interbank ATM Transactions by k00lxpert(m): 3:23pm On Nov 15, 2012 |
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 |
Re: Banks Still Charge On Interbank ATM Transactions by Guchis(f): 3:23pm On Nov 15, 2012 |
Even Diamond Bank with their countless sms/emails on removal of the interbank ATM charges still debits my account for same.. |
Re: Banks Still Charge On Interbank ATM Transactions by Series22(m): 3:25pm On Nov 15, 2012 |
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 hereineyaaaah! Who d swear 4 patrick obahiagbon? Wetin him do? 3 Likes |
Re: Banks Still Charge On Interbank ATM Transactions by Bidexnoni: 3:29pm On Nov 15, 2012 |
Hope they will nt come out wit sumtin worster dan dat? |
Re: Banks Still Charge On Interbank ATM Transactions by slimming: 3:32pm On Nov 15, 2012 |
It will take time for them to adapt, but if it deduction they will quickly change it. 2 Likes |
Re: Banks Still Charge On Interbank ATM Transactions by bodejohn(m): 3:33pm On Nov 15, 2012 |
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. 4 Likes |
Re: Banks Still Charge On Interbank ATM Transactions by Detonatorrex(m): 3:35pm On Nov 15, 2012 |
let them hurry up na,N100 is something |
Re: Banks Still Charge On Interbank ATM Transactions by OkwaIfugo(m): 3:38pm On Nov 15, 2012 |
it will be hard for this to stop. |
Re: Banks Still Charge On Interbank ATM Transactions by Teejayphillip(m): 3:40pm On Nov 15, 2012 |
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. 1 Like |
Re: Banks Still Charge On Interbank ATM Transactions by gulfer: 3:44pm On Nov 15, 2012 |
binger: Implementation of policies take time in Naija.So,give it timeBut the implementation will be automatic had this been an upward review of the interbank charges |
Re: Banks Still Charge On Interbank ATM Transactions by lekzy007(m): 3:50pm On Nov 15, 2012 |
dont think they were given deadline so let exercise a little patient. |
Re: Banks Still Charge On Interbank ATM Transactions by Koolking(m): 3:54pm On Nov 15, 2012 |
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. 1 Like |
Re: Banks Still Charge On Interbank ATM Transactions by harlos: 3:58pm On Nov 15, 2012 |
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 1 Like |
Re: Banks Still Charge On Interbank ATM Transactions by otokx(m): 3:59pm On Nov 15, 2012 |
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. on point 1 Like |
Re: Banks Still Charge On Interbank ATM Transactions by crackhouse(m): 4:04pm On Nov 15, 2012 |
Series22: eyaaaah! Who d swear 4 patrick obahiagbon? Wetin him do?you get sense so? |
Re: Banks Still Charge On Interbank ATM Transactions by Nobody: 4:05pm On Nov 15, 2012 |
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. |
Re: Banks Still Charge On Interbank ATM Transactions by Chuksgeo: 4:08pm On Nov 15, 2012 |
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. |
Re: Banks Still Charge On Interbank ATM Transactions by a1solution: 4:11pm On Nov 15, 2012 |
They should allow individuals to own ATM and make their money from the fees they charge. This is to ensure efficiency in ATM service |
Re: Banks Still Charge On Interbank ATM Transactions by isleman(m): 4:14pm On Nov 15, 2012 |
they still charged me at GTB ATM at Ajose Adeogun in V.I 2hours ago |
Re: Banks Still Charge On Interbank ATM Transactions by obinnaharrison: 4:16pm On Nov 15, 2012 |
Please uba bank collects 150 for atm withdrawals now that 100 has been removed I guess they will be charging 50naira |
Re: Banks Still Charge On Interbank ATM Transactions by bory09(m): 4:22pm On Nov 15, 2012 |
Maybe the ATM machine no wan stop. The machine too dey show sharpness as nothing wey come 9ja without being corrupt |
Re: Banks Still Charge On Interbank ATM Transactions by packman: 4:37pm On Nov 15, 2012 |
[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] |
Re: Banks Still Charge On Interbank ATM Transactions by Nobody: 4:39pm On Nov 15, 2012 |
Nonsense, They charged me yesterday and today again |
Re: Banks Still Charge On Interbank ATM Transactions by RedLight1: 4:46pm On Nov 15, 2012 |
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 |
Re: Banks Still Charge On Interbank ATM Transactions by touchmehard: 5:06pm On Nov 15, 2012 |
gulfer: But the implementation will be automatic had this been an upward review of the interbank chargesIt's true |
Re: Banks Still Charge On Interbank ATM Transactions by Nobody: 5:35pm On Nov 15, 2012 |
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. 3 Likes |
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