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Nairaland Forum / Nairaland / General / Business / Banks Reduce Withdrawal Limits On Atms To N60,000/$300 Per Day (518 Views)
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Banks Reduce Withdrawal Limits On Atms To N60,000/$300 Per Day by gossippmecom(m): 8:11am On Aug 11, 2015 |
The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards). In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs to N60,000 per day while foreign currency is $300 per day. Hitherto, the domestic withdrawal limit was N150,000 per day. The new arrangement has separated traditional ATM from MasterCard credit card where the former has now been deactivated and can no longer be used for transactions abroad. Hitherto, a single ATM card serves for transactions for both domestic and abroad. Also, the restructured cards now have spending limits on POS/eCommerce (online shopping) pegged at $300 (about N60,000) per day. Before this, the limit was N2 million per day. In the new arrangement, a bank customer with multiple debit cards (ATM cards), only the one linked to the primary transactional account will be enabled for use abroad. Hitherto, such customers could transact with any of the cards that is funded. Complete Story here: http://www.gosippme.com/2015/08/banks-reduce-withdrawal-limits-on-atms.html
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Re: Banks Reduce Withdrawal Limits On Atms To N60,000/$300 Per Day by NeilOssai(m): 8:14am On Aug 11, 2015 |
This is SOOOO redundant!!!!!! Is this hw u intend to operate a CASHless Policy??.. ..60,000 WHAT |
Re: Banks Reduce Withdrawal Limits On Atms To N60,000/$300 Per Day by Nobody: 8:18am On Aug 11, 2015 |
Huh? Too bad |
Re: Banks Reduce Withdrawal Limits On Atms To N60,000/$300 Per Day by Feranchek(m): 8:19am On Aug 11, 2015 |
Ara na gba Han! |
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