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Foreign Currency Cash Deposits - Technology Market - Nairaland

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Foreign Currency Cash Deposits by naijatisumi: 10:47am On Dec 09, 2015
Got below information from a staff of ACCESS BANK and I believe its worth sharing

Please be informed that effective today the 8th of November 2015, our customers can now make foreign currency cash deposits subject to a maximum of $10,000 per month into their accounts and also transfer same offshore.

This implies that the allowable limit of $10,000 is accumulated for a calendar month.

Any transfer that will lead to an excess over the set limit would be declined.

The above restrictions apply to cash deposit transactions only.

Foreign currency inflows (i.e. inward transfers) and fx cheque deposits are not affected by the above restriction.

We thank you for your continued patronage and will keep you informed as new updates unfold.

Regards,
Re: Foreign Currency Cash Deposits by bigtt76(f): 12:36pm On Dec 09, 2015
Crazy CBN angry changing policies daily. So the banks have now exhausted their stored supply for forex abi or was that not the reason they gave for not allowing deposits? #Mtscheeeeeeeeeew can't wait to see that CBN governor sacked!
Re: Foreign Currency Cash Deposits by naijatisumi: 6:21am On Dec 10, 2015
Its so funny though. However is a welcome development.

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