zubinike:

its 7500 for 500k oga.......1.5% is not 150k

MrPresident1:
Satanic agenda.
God pass all of una

SillyeRabbit:
Are they saying if I want to deposit 5Million naira into my bank account, the bank will deduct 150,000 naira? For What?

willian10:
I'm not understanding, I know it's GTbank that'll first bring it up, those people charged me N500+ for SMS last month on top say most of the alert na after 2 hours after the transaction

Anyway na still May/August, Dem fit don comot the person that came up with this rubbish implementation, shaybee dem people wey dey get $$$ for wardrobe/septic tank. This kain policy no fit affect them, they're encouraging more of that


I'm still buying iTunes giftcard sha, I won't collect any percentage and it's cashless , so bring ham now

Mr2kay2:
Thank God lagos is not among

SillyeRabbit:
Are they saying if I want to deposit 5Million naira into my bank account, the bank will deduct 150,000 naira? For What?

kechywillz:

Because it's obtainable in other countries,it's should be implemented here,why can't Nigerian enact their own monetary policy then copying other countries which are more advanced than it is

ThinkSmarter:
its a, way of generating revenue from the high income earners inform of taxation.
There is nothing evil about it.
The money realised will in turn be remitted into the federal treasury.
It's a good policy if I may say.

rusher14:
So if I receive 1 million Naira, the banks that weren't involved in my hustle would take 20K as eye wey see?

kechywillz:
So if I save much money in my bank account, programming to use it for a project,when it matures n I want to withdraw my hard earned money,bank will deduct charges for no just reason. Na God go punish una

masonkz:


Do you actually know what this policy is about?

Youngzedd:
Why should you carry such huge cash in the first place

The only reason they don't want to embrace Internet banking, mobile banking is from been tracked when they want to launder money.

Embrace cashless policy for the safety of your life and others.


If you're dealings are pure, you shouldn't worry about this policy.


The funnies part is that even those who do not have 1/9 of the said sum are the ones making a lot of noise, I wonder if they didn't read where cash deposit and withdrawal was mentioned.


Abucha m here.

Youngzedd:


This policy is only for CASH WITHDRAWAL AND DEPOSIT.

It doesn't affect e-banking.

rusher14:


No I don't you can actually see the question mark at the end of my statement.

texazzpete:


I cannot think of any scenario where someone will need to carry and deposit 5 million naira in cash for an individual account.

chiedu7:
Na this one dem go quick remember south East.

Notice only Kano for North.

The rest na southern states.

hush15:


Stop commenting ignorantly, these bank rape the masses knowing they don't have the capacity to fight back. Goin by your thought, they should have just reserved their charges for the rich which the ones who have 50m and above. How much is 5mil for an individual. Even promos and rewarding events don't even mention 5m as prize money anymore because they know it's not valuable in recent times. So why not start from 25mil for individuals and 50mil for corporate entities.

Banks just raping Nigerians of their hard earn money of which the same banks uses our hard earn to trade without tangible interest on our monies for such use.

So shush and think before you talk

agabusta:


They are saying, from where you got the 5m, simply tell the person to transfer to your account. Instead of receiving cash.

Mathemagician1:
This is a very shallow policy. What if you own a business that deals in cash - say a petrol station. You mean I'll remit my entire sales for the day and 7% will be deducted from it everyday. Do they even know what that will do to the business margin by the end of the month?

Those people running government are intellectually lazy and grossly incompetent.

masonkz:


There's a reason it's called CASHLESS, meaning it only applies if you're withdrawing that one million naira of yours IN CASH from the bank.

I want to believe many of your transactions that involve cash of that amount would be done via mobile transfers, internet banking, etc. No?

sledge001:

Shallow mind. My dear Country Nigeria is not useless. This is the practice worldwide. If you're not a criminal, you have nothing to fear.

Wiseoldman:
This is what is obtainable in most countries we want to travel to in Europe and the America...It's a welcome development.

SillyeRabbit:
Are they saying if I want to deposit 5Million naira into my bank account, the bank will deduct 150,000 naira? For What?