First Bank customers using the Automated Teller Machines for cash withdrawals are to pay N100 monthly, with effect from this month, according to a notice released in Abuja on Monday. The notice for the new charge captioned 'Card Maintenance Fee' reads: "Dear valued customer, in order to serve you better, from March 2013, a monthly N100 card maintenance fee will be charged for all cash withdrawals within the month.’’

Some customers, however, condemned the introduction and called for sanctions from the regulatory body.

Mr Joshua Abraham, a trader, said it was unfortunate that First Bank should introduce such a charge.

``I did not even notice, but if that is the case, they want to discourage us.

Mrs Uju Nwanze, a legal practitioner, said the CBN should stop the charge.

`` This is another way to get back the N100 charges they just stopped recently on use of ATM cards. These banks are good at exploiting people, they did not even give prior notice like sending text messages.''

Also, Ejiro Fidel, a civil servant, said First Bank should not copy the new generation banks to rip off customers.

``They did not even care to inform their customers about this development, this is unlike them. Civil servants use First Bank a lot because we believe they are better than most of these new banks.

``What maintenance are they doing on the card, this is very wrong and I hope that those in charge would stop them from doing so.

``I think that they should focus on how to encourage customers to use the card than discouraging them. This new charge is really anti-customer friendly,’’ he said.

It would be recalled that the Bankers' Committee meeting of November 2012, scrapped the N100 interbank charge on use of ATM cards.

First Bank had on February 11, increased its charges on interbank money transfer, against moves by the Central Bank of Nigeria for a downward review of bank charges on customers.

NAN


http://businessdayonline.com/NG/index.php/banking-a-finance/52517-first-bank-introduces-n100-monthly-charge-on-atm-withdrawals

I thought the charging of 100 naira by banks was discontinued.

2ND TO COMMENT? MEANWHILE I GIVE TANKS TO TECNO INTERNATIONAL PHONE 4 SELLING A BROWSING PHONE 4 ME 4 JUST 4300 NAIRA THOUGH DIS GUY ABOVE CHANCE ME FROM BEING 1ST TO COMMENT, I ALSO WANT TO APPRECIATE MY PARENT 4 RASING A WHOLE RANSOM OF 100 NAIRA 4 ME TO BUY RECHARGE CARD TONIT, I WON'T ALSO WANT TO FORGET TO EXTEND MY GREETING TO MTN NIGERIA FOR GIVEN ME FREE 10MB AFTER RECHARGING TONIT THOUGH UR NETWORK IS BAD 4 LETTING D GUY ABOVE TO CHANCE ME. My APPRECIATIONS ALSO GOES TO D OWNER OF D INTERNET 4 LETTING ME ACESS D INTERNET TONIT THOUGH I DON'T KNW UR NAME BUT I KNW GOD DOES. ABOVE ALL I WILL LIKE TO APPRECIATIONS PHCN [NEPA] 4 TURNING ON D LIGHT TODAY DAT GIVE ME D CHANCE TO CHARGE MY BATTERY MAY ALL UR WORKERS BE GIVEN D ACESS TO RECIEVE 72 VIRGINS EACH IN HEAVEN IN MOHAMMED'S NAME (AMEN),

Bad

Afam4eva: I thougth this thing was banned?

ok

Useless bank, better bank with us in GTB

No wahala, shebi na if i use d atm card ba?



**carries kpangolo and mat to GTB**

I believe this calls for one of my famous ILLUMATI posts, but seeing as this is so absurd and ridiculously asinine, I don't think it's gonna be funny at all.

First Bank are THIEVES! Simple. GTB FTW!

Na all banks ooo.

You can confirm dis in your bank customer care.

Stewpid people

they think we pluck the money from trees

these banks are thieves

They can't just stop extorting their customers. Meanwhile, I don pack my money go GTB, so F*ck Last Bank.

First bank don too dey do shakàrà for customers..... Dem juju strong wella

I have resolved to be saving my money under my pillow with two hipper-cobra snakes manning my door and 5 bulldogs scientifically castrated as gate guardsm so don't even try to near my hut o

Corporate thieves. Bullsh*t

Johnnoah1st: my guy u are stupiid how can u overtake me 4rm being first to comment? U must be very silly sir.

dude of the 2 of yu i believe ur the "stupid one" and ur brains dance azonto wen yu sleep

now abt the subject...........1st bank: i ll call CBN for them

If true, I better withdraw all my money to Gtbank bit by bit. Besides, gtbank has better services. The only thing i am gaining is the money they keep for me and nothing MORE. With the huge customer GtB keep getting, I could feel them expanding. But if it is first bank, no way. Too slow @ taking decisions. At times, it's because of competition from new generation banks like GtB that they decide to change the outlook of their banks.

Wrong moves by 1st bank. I sugest bulk of customers shud move their account to other banks and i bet they wud call with a promise to be paying customers N100 every month on the use of an old bank.

N A I J A
It seems the private sector rules over FG.

If not stoppd,dis wi b copied by oda banks& d ripoff of customers wud continue.Wen CBN stupidly abolished d 100 for use of other banks ATM,I laffed.How are d banks to maintain& increase d deployment of ATM wen d incentive for doing so was abolished,alas now this!In case pple don't know,dis wud generate more money for d banks dan d abolished method.If for e.g 1st bank has 10m bank customers,all who wud invariably b charged dis fee,in a mth,d bank gets a guaranteed N1b,evn if their atm packs up d whole mth.CBN Policy makers starting frm d days of Soludo,wen d CBN was made to b an independent financial regulating body,exarcebated wt dis mallam's tenure,av always thought wt their as ses dan their brains!

OMG! †ђε same tin Ƌ̲̣̣̣̥α̇̇̇̊τ̲̣̣̥ made me dump ACESS bank to First bank but y?

Do people still put money in bank? Wey i get big compound, i don dig ground dey put my money,

No Atm charge, COT or any bank charges

I don tire to dey change bank o! Na wetin self ? all what these banks are after is to rip off customers. one begin to wonder how save is the bank itself.

'Kolo' safe on my mind.

Johnnoah1st: 2ND TO COMMENT? MEANWHILE I GIVE TANKS TO TECNO INTERNATIONAL PHONE 4 SELLING A BROWSING PHONE 4 ME 4 JUST 4300 NAIRA THOUGH DIS GUY ABOVE CHANCE ME FROM BEING 1ST TO COMMENT, I ALSO WANT TO APPRECIATE MY PARENT 4 RASING A WHOLE RANSOM OF 100 NAIRA 4 ME TO BUY RECHARGE CARD TONIT, I WON'T ALSO WANT TO FORGET TO EXTEND MY GREETING TO MTN NIGERIA FOR GIVEN ME FREE 10MB AFTER RECHARGING TONIT THOUGH UR NETWORK IS BAD 4 LETTING D GUY ABOVE TO CHANCE ME. My APPRECIATIONS ALSO GOES TO D OWNER OF D INTERNET 4 LETTING ME ACESS D INTERNET TONIT THOUGH I DON'T KNW UR NAME BUT I KNW GOD DOES. ABOVE ALL I WILL LIKE TO APPRECIATIONS PHCN [NEPA] 4 TURNING ON D LIGHT TODAY DAT GIVE ME D CHANCE TO CHARGE MY BATTERY MAY ALL UR WORKERS BE GIVEN D ACESS TO RECIEVE 72 VIRGINS EACH IN HEAVEN IN MOHAMMED'S NAME (AMEN),

Is this a thanksgiving session?... #smh for u.

Johnnoah1st: 2ND TO COMMENT? MEANWHILE I GIVE TANKS TO TECNO INTERNATIONAL PHONE 4 SELLING A BROWSING PHONE 4 ME 4 JUST 4300 NAIRA THOUGH DIS GUY ABOVE CHANCE ME FROM BEING 1ST TO COMMENT, I ALSO WANT TO APPRECIATE MY PARENT 4 RASING A WHOLE RANSOM OF 100 NAIRA 4 ME TO BUY RECHARGE CARD TONIT, I WON'T ALSO WANT TO FORGET TO EXTEND MY GREETING TO MTN NIGERIA FOR GIVEN ME FREE 10MB AFTER RECHARGING TONIT THOUGH UR NETWORK IS BAD 4 LETTING D GUY ABOVE TO CHANCE ME. My APPRECIATIONS ALSO GOES TO D OWNER OF D INTERNET 4 LETTING ME ACESS D INTERNET TONIT THOUGH I DON'T KNW UR NAME BUT I KNW GOD DOES. ABOVE ALL I WILL LIKE TO APPRECIATIONS PHCN [NEPA] 4 TURNING ON D LIGHT TODAY DAT GIVE ME D CHANCE TO CHARGE MY BATTERY MAY ALL UR WORKERS BE GIVEN D ACESS TO RECIEVE 72 VIRGINS EACH IN HEAVEN IN MOHAMMED'S NAME (AMEN),

hopeless!
Click like if you want Johnnoah1st to be relocated to Aro Psychiatric Hospital, Yaba Left or Bàbá Aláselà Native Doctor for proper healing. He's suffering from 1st degree madness (scientific name Crazytantis Mad-wèrè-oshi)... Others have been cured of their madness except him. Reports have it that he was attacked by his step-mother who was a witch under the banana tree. More to follow...

Even with the inefficiency of the ATM at times......na wa º°˚˚º°˚

GTB: God's trusted bank!!!!

I have said it every now and then that what most of our commercial banks are doing is not the real business of banking. Most of our banks are mere coupon house, and no body is really taking it up.
They can just decide to charge one meaningless five naira on all the accounts whenever they need money. now multiply the five naira by the number of customer of that bank. isn't that a huge summ? MEN! OUR BANKS ARE MERE THIEF'S, AND I CAN CONFRONT ANY BANKER ON THIS.

I am suprised that most of the people that commented here can't endure the 100naira charge. This is poverty at its peak, it goes a long way to show that Nigerians are poor people. na waoo

But wat is even wrong wit dis people self... I was even planning on opening an acct next week... B4 hear dis God 4saking news... But self... Na which kind wahala b dis one 4 dis life?...