Nice gesture,welcome development

Wel! Cbn is working. All we need is quality service

A full bag of rice don cost 4market oh

Yet First Bank debited me this afternoon for thesame fee without my prior consent.

CBN give me a phone number to forward the SMS alert to.

we don hear o,i go wait nd see because many bank a stuburn

a welcome development

Good for me!

Good thing the lawmakers raised this issue in the house cos as it was rightly said, without caution other banks will 'Ctrl+C' First Bank.

I don't even bother about SMS - opted out of the service. Sending to my mailbox is cost effective

okpara ugo: Yet First Bank debited me this afternoon for thesame fee without my prior consent.

CBN give me a phone number to forward the SMS alert to.

okpara ugo: Yet First Bank debited me this afternoon for thesame fee without my prior consent.

CBN give me a phone number to forward the SMS alert to.

okpara ugo: Yet First Bank debited me this afternoon for thesame fee without my prior consent.

CBN give me a phone number to forward the SMS alert to.

effective from april 1

pekelepekele: Well that is just too bad of CBN . I don't own a bank or either a bank staff but one thing I have noticed is that since they canceled the N100 charge on different bank cards on a particular ATM machine the banks are no longer loading all their ATMS and ATM machines are becoming much more non reliable . They should just reduce the price to N50 because the banks won't carry out their proper duties in any area they are not earning from.

some how you are right

Richfella:

I don catch you today. So you have two accounts abi?

The other account na for thrift collection

And d amount on sms too
GTB charged me N700 jan, N600 feb
E dey pain me o

First bank debited my account last night

Note that this directive will take effect from APRIL 1st, 2013. So if you have been debited before 1st April, 2013 the bank is still in order.

Kudos to Sanusi Lamido Sanusi.

First Bank charged me N100 for Atm maintainance last nite and N70 for text msg. Oya, make dem return my money back, I want use am do something.

good idea! why must we pay for using ATM service, since they have their monthy charges they duduct every months

N240 for international withdrawal wow !!! No need to open a foreign account.

blessed4ril: me2,plus additional 90 naira they deducted jus now which they called alert fee! This ppl r nt smilin!

Same here.

Esobank abi na Etobank b ur name. So u knw say dm go anounce am 2day, u go thief my #100 last 9t. I cnt wait till tuesdayyyy......i wan fyt dat manger. E don b 4 am

I was charged yesterday N100. Good move Sanusi not bad annually.
@gentle same tin too but frm firstbank....sanusi's root

day means more heads go roll..more pipul/poor bankers for labour market.

Sicozone: Ope oooo....at least dat #100 go recharge my fone every month....#dancing galala

Guy wake upppp... Imagn u trek waka go round ur city 2 witdraw 4m ATM n all d ATM brk down cos of no money 2 maintain dm. Na ur bank manager go dy dance galala 4 u

And so what? What of alart charges?

Jerry-jat:
The Central Bank of Nigeria on Thursday announced the cancellation of the N100 monthly Automatic Teller Machine card maintenance fee introduced by some banks recently and which generated public condemnation.

The CBN in a circular titled, ‘Revised guide to bank charges,’ posted on its website, however, pegged the maintenance fee at N100 annually.

Also affected is the mandatory cost of Short Message Service alert which has been pegged at N4 subject to the Nigerian Communication Commission’s directives.

The circular, which takes effect from April 1, read, “In order to reflect current developments in the market and provide clarity on banking terms, the CBN recently conducted a review of the guide in consultation with all the banks and discount houses, Bankers’ Committee, financial experts and also considered inputs received from other stakeholders to produce the revised guide to bank charges.”

On electronic transfer, the bank said N70 would be charged on transactions below N500,000 while N100 should be charged on transactions between N500,000 and N1m. Transactions above N1m will attract a charge of N500.

It said issuing fee of a debit card should exceed N1,000, while international withdrawals per transaction on debit cards should be charged at N240 rather than N1,000 being currently charged by almost all the banks.

The CBN pegged the interest on savings deposit accounts at a minimum of 30 per cent of the Monetary Policy Rate per annum.

It would be recalled that following the Bankers’ Committee meeting in November 2012 which scrapped the N100 interbank charge on the use of ATM cards, some banks went ahead to introduce the N100 monthly maintenance fee on ATM cards...

http://www.informationng.com/2013/03/cbn-bows-to-public-outcry-cancels-n100-monthly-atm-maintenance-fee.html

Good.

I need further clarification on that e-transfer part, is it going to replace the usual COT that banks charge? GTB debited me over 4000 last months for e-transfers. Please anyone with more infor should help.

Good move by cbn. Imagine how much First bank will make from 1 million users. I need a refund!

thanks to the cbn if its true. And first bank debited me with N30 last night.

mactoni91: ECOBANK debited me 200naira lastweek...
They say for POS...
GOD knws i neva used their POS

thought i was just the one charged for this POS sh.it....wat d fvck is it by d way??

good development!

I was surprised when GTB debited me almost 5000 naira for using online transfer on my current account, and after calling them i was told every 1000 naira debit attract 5 naira and I have vowed not to use their current account again. The charges would be understand on cheque but never on online transfer.