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Nairaland Forum / Nairaland / General / Business / Banks Move To Limit Over-the-counter Withdrawals To N10,000 (32808 Views)
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Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Checked86: 9:07am On Jun 13, 2016 |
eleojo23:The proposed limited withdrawer is too small considering the inflation in the country. This plan can force most local businessmen to start keeping their money at home. 1 Like |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by tuniski: 9:25am On Jun 13, 2016 |
emperorchedda:Oil sold for 12$ even under OBJ 2000. Pls what is buhari reshuffling? He has failed already cos of incompetence! |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by emperorchedda(m): 9:44am On Jun 13, 2016 |
tuniski:Lie you said it's during Obj's tenure. But under GEJ we had oil at an all time yet no changes Buharu hasn't failed he just hit one year in office, only fooools judge a race when it's not even up to half way |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by RitzyPrince(m): 9:50am On Jun 13, 2016 |
Reduce number of customers in the banking hall which is simultaneously perpendicular to reducing the need for more bankers. Less customers less attendants. This is bad news for bankers…more sack looming if this coup is achieved. 1 Like |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by danxzy: 9:55am On Jun 13, 2016 |
so this is hw buhari want us to suffer, no more 2000 0r 5000 deposit? |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by tuniski: 9:59am On Jun 13, 2016 |
emperorchedda: It is better u go get informed than just screaming lie! By the way, in a cumulative assessment, a complete failure in year one is tantamount to general failure. Buhari is a failure. In just one year we move from bad to worse! Pls how many years did Abdulsalam ruled for? I assumed u know it is less than a year and carve his own niche. Again, buhari is a failure! |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Makamuanwuo(m): 9:59am On Jun 13, 2016 |
eleojo23: What of those that don't use ATM atal.... |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Inova(m): 10:01am On Jun 13, 2016 |
eleojo23:Why do you need that much cash from an atm? Cashless transfer would do now. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by tiwiex(m): 10:10am On Jun 13, 2016 |
blackberlin: Talk is sweet. Innovative innovative. How? You didn't provide any specific innovation. You mentioned them encouraging deposits rather than withdrawal. How? Limiting to 10k withdrawal is innovative na. That's a start. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by luciouscookie: 10:11am On Jun 13, 2016 |
Tozinetita:Can you please swerve |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by 989900: 10:29am On Jun 13, 2016 |
Too many ignorant comments. Why do people want to go into them banking halls anyway? |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by 989900: 10:34am On Jun 13, 2016 |
Checked86: Online transfer, no? |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by daveP(m): 10:37am On Jun 13, 2016 |
End time news update! |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Nobody: 10:44am On Jun 13, 2016 |
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Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Checked86: 10:50am On Jun 13, 2016 |
989900:I said local businessmen that do most of their daily business with cash. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by darqly(m): 11:00am On Jun 13, 2016 |
MRSALT: But you know what you assert above is a LIE right? Please provide evidence (even a link will do) of periods Nigeria had NO FOREIGN RESERVE, and crude sold for as low as $35. Everybody wants to claim finance expert online overnight If you do not understand, the banks are indirectly saying 'there is no money' because people are withdrawing cash from their accounts in order to buy dollars from the black markets . Now, banks have no dollars to sell and they have no cash to give you. Another BOGUS claim!! How much dollar have you personally gone to buy with Naira that you withdrew from your account?? You think every other person you meet on the ATM queue is withdrawing to buy dollar? To what effect and for what reason? My brother people are just trying to survive, not all of us engage in ROUNDTRIPPING . The article is self explanatory- It's more cost effective to have more bank customers use alternative channels rather than come into the banking hall physically, and it also means encouraging people to carry less cash. 1 Like |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by 989900: 11:03am On Jun 13, 2016 |
Checked86: I think the banks will have to increase withdrawal limits on ATMs then. And it is also a possibility to have simple rules to govern banking hall bulk-withdrawals . . . not having everyone that wants N50,000-N500,000 crowding the bank, if they can do that online, or via ATM. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by eleojo23: 11:05am On Jun 13, 2016 |
Makamuanwuo:Hmmm...OYO is their case! |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Sprintson(m): 11:08am On Jun 13, 2016 |
I have read this piece alright! My take is this; With all these negative news coming out of Nigeria in just a year I bet APC will soon start differing on issues and split soon.. Quote me any time, this is not what some progressives expected of the party so internal crises will spring up soon especially from those who want to aspire to higher positions because this is really denting their image. And they moved to the party to gain footing.... Wish Nig luck It is not yet UHURU or even close to !!! |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by jomoh: 11:13am On Jun 13, 2016 |
eph12: I actually did. remember where i talked about the "to-be-sacked" staffs. I said they can be the starters of businesses like the mobile money and other resultant initiatives that will assist their drive for reduction in cash transactions over the counter. i made another example of online payment settlement like paypal. Mobile money, Paypal, payoneer, are all forms of reducing customers at banks and such initiatives will require agents to start up. Upon all that, I also expressed my fears about our Nigerian attitude of not having such a succession plan in place cater for fall-out of such moves. Had it been we have a working and effective Labour laws in Nigeria, such things would not happen but since we do not, we can't help but experience such. You cant just sack your staffs because your policy is changing. You just have to find a way to retrain them and repost them to where they can fit in. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Codes151(m): 11:27am On Jun 13, 2016 |
Idiots! 10k in a country where it can do anything with 10k? Okay! U witdraw 10k, buy fuel how much? Go work no food? On coming back, you mistakenly fall oyami oranges nko or sth? What of pikin snack n food for school the next day? 10k abi? Thankyou! |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by femmy2010(m): 11:31am On Jun 13, 2016 |
eph12: NOTE - More people in the IT field are getting more jobs. Times change so we are better if we change with time. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Checked86: 11:31am On Jun 13, 2016 |
989900:good suggestions you made there. You know how we do things here, we normally stop one thing without strengthening the alternative. The plan is a good plan but it is a subset of some dysfunctional banking policies in Nigeria. 1 Like |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Pavarottii(m): 11:46am On Jun 13, 2016 |
mikolo80:Chei... people still not seeing d prob is from d head?
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Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Pavarottii(m): 11:48am On Jun 13, 2016 |
femmy2010:Which IT field is that and please list d companies. In short open a thread listing d companies and write they are currently employing to cushion the unemployment rate. Nigerians will be glad if u do so. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Nobody: 11:55am On Jun 13, 2016 |
tiwiex: Talk is also vital, if we don't talk we can't be heard. If you find urself in a position where u have to withdraw more than your Debit Card limit, then you'll understand my point. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Nobody: 12:02pm On Jun 13, 2016 |
matrix199: |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Nobody: 12:02pm On Jun 13, 2016 |
matrix199: No it's safer to make transfers. Petty cash can be gotten from the atm |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Ameboperoo(m): 12:22pm On Jun 13, 2016 |
emperorchedda:Commercial banks are limited liability companies too. They are set up to make profit. |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by walexy14(m): 12:28pm On Jun 13, 2016 |
Everyone is giving a bank a run |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by femmy2010(m): 12:35pm On Jun 13, 2016 |
Pavarottii: If bankers are loosing jobs cos of the advent of Online banking and ATMs then be sure personals would be needed to provide ATMS, maintain them and regularly protect online banking accounts. The reality is just the changing times |
Re: Banks Move To Limit Over-the-counter Withdrawals To N10,000 by Sleeky2020(m): 12:38pm On Jun 13, 2016 |
...and make more money via atm withdrwals and transfer. quote author=Flexherbal post=46523492]That is a way to technically reduce staff number.[/quote] |
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