Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,691,928 members, 6,343,069 topics. Date: Thursday, 17 June 2021 at 08:35 AM

Nigerian Banks And Its Systematic Extortion (share Your Experience) - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Nigerian Banks And Its Systematic Extortion (share Your Experience) (14167 Views)

Easter Messages By Banks And Organizations / How Banks And Bankers Are Getting Richer Through Foolish Dead Husbands / Nigerian Banks And Security Control; My Zenith Experience — Kweku Nkrumah (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by ZarahBuhari: 12:46pm On Sep 03, 2018
shedy03:

UBA charge N50 for transfer to other banks. i wonder if your UBA is different.
It's N11 UBA charges me for transfer Chief
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by chigo4u: 12:46pm On Sep 03, 2018
olujastro:
They say who no go no go know.
Banking in several African countries is far better than many developed countries. Especially mobile banking
I prefer Nigerian banking style by far. Charge me just N52 and do my transfer instantly.
In Norway for example, interbank transfers take 24hrs. SMS is equivalent to N170.
Does ATM withrawal aslo take 24 hours and Norway and are there charges for using ATM there or card maintenance fee? Sanusi removed the N65 ATM charges, this new cbn governor came and reintroduced it to please his banking people. rubbish

7 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by CheapDataGuy: 12:47pm On Sep 03, 2018
grin
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by eagleeye2: 12:47pm On Sep 03, 2018
Nigeria don tire many pep.

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by ultron12345: 12:48pm On Sep 03, 2018
Look at all of them are talking, bcoz d charges aren't entering their pocket. If the bank was for you or your father, una go complain? Mtcheeeeeeeew. Many of those complaining will do worse if given d chance.

2 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by saintjimos(m): 12:49pm On Sep 03, 2018
THANK GOD VOICES ARE OUT


WE WILL DEFINITELY GET THERE


NIGERIA IS A SCAM AT PRESENT

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by desmondude(m): 12:49pm On Sep 03, 2018
Nigeria banks are big fruad ecobank deducted 1050 from my account saying its a card replacement fee I didn't apply for

2 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Cocolatti(m): 12:49pm On Sep 03, 2018
Nigerian banks are electronic fraudsters.the huge profits they make yearly is not from the core banking business but from pilfering money from their customers account.

8 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Jflex07(m): 12:49pm On Sep 03, 2018
Gtb charges me 10 Naira just to check my balance on small phone.. SMH for this extortion.

5 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by loyedammy: 12:49pm On Sep 03, 2018
olujastro:
They say who no go no go know.
Banking in several African countries is far better than many developed countries. Especially mobile banking

In Norway for example, interbank transfers take 24hrs. SMS notification is equivalent to N170.
I prefer Nigerian banking style by far especially when buying bitcoins. Charge me just N52 and do my transfer instantly.

we said KEEP OFF!!!
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by mamatayour(f): 12:49pm On Sep 03, 2018
Access bank is first on the list for irrelevant charges undecided

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by bimgo: 12:50pm On Sep 03, 2018
me too no understand ooo, i'm tired for this country.
wellmax:
So many things we take as normal in Nigeria are actually wrong/

Why charge me for card maintenence
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Dogalmighty17: 12:50pm On Sep 03, 2018
He is right. UBA has been charging me a monthly card maintenance fee of 100 naira for the past two years. My card expired 2 years ago. I have no atm associated with that account and yet I'm being charged a monthly card maintenance fee.

Nigerian banks are criminal organizations. Our banks were consistently declaring billions in profits even when the Nigerian economy was in recession. They are parasites.

7 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by shedy03(m): 12:51pm On Sep 03, 2018
ZarahBuhari:

It's N11 UBA charges me for transfer Chief
good for you
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Cocolatti(m): 12:52pm On Sep 03, 2018
ultron12345:
Look at all of them are talking, bcoz d charges aren't entering their pocket. If the bank was for you or your father, una go complain? Mtcheeeeeeeew. Many of those complaining will do worse if given d chance.
Nigeria is where it is today because of this your kind of mentality.

10 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by ajebuter(f): 12:52pm On Sep 03, 2018
UBA mobile App..

52 naira deducted on every transaction..

Monthly deduction: SMS, email, card maintainance..

Same with Zenith Bank..

First Bank: That bank doesn't give interest but they can deduct for an entire continent..

Dem go vex me so tay l go carry my money go bury for backyard in my Epe hometown

Ole pipu

6 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by JBL316: 12:53pm On Sep 03, 2018
The Nigerian Bank are at the apex of under-developing Nigeria and ensuring Nigerians are perpetually underdeveloped.
Besides these fraudulent sundry charges aforementioned, have u ever attempted obtaining a loan from them?...
....double digit interest rates
...spurious management fees
...administrative fees
....quarterly fees
...that is after u have given them the birth certificate of your ancestors.

What about the banks approaching elected politicians with loan facilities the politicians would be unable to repay even if they are to remain elected forever with their earnings except they embezzle money, there by tacitly encouraging the politicians to loot. The bank give them unsolicited credit card running into thousand of dollars....forget Nigerian Bank o...they are a thieving bunch!

8 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by JacksonOyibo: 12:53pm On Sep 03, 2018
smiley
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by haryorbarmie83(m): 12:53pm On Sep 03, 2018
There's no way one can be rich in Nigeria without fraud. That how they extort us to enrich their pocket. Same goes to the politicians.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by oshe11: 12:54pm On Sep 03, 2018
wellmax:
Interest on savings account N120
Charges for the month N280.50
What are we saving?
Your own good

They stopped my savings for months now.... Thinking of porting though Cos my savings was sufficient for my monthly(2weeks) sub Access Bank
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Austema(m): 12:56pm On Sep 03, 2018
eleojo23:
That is how Firstbank will be charging my inactive account for one thing or the other until the balance enters minus And even with the minus, they will still be minusing without mercy sad
omayemi Eleojo, abu-we le kpai oroka?
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by olujastro: 1:00pm On Sep 03, 2018
chigo4u:

Does ATM withrawal aslo take 24 hours and Norway and are there charges for using ATM there or card maintenance fee? Sanusi removed the N65 ATM charges, this new cbn governor came and reintroduced it to please his banking people. rubbish
So N65 is why you are ranting online? I do more than 20 interbank transfers with my naira account daily and the charges exceed 1k.
Go and hustle and stop worrying about common N50 bank charge.

To your question, using another bank's ATM isn't free especially after 4pm.
Also, they remove some money (over 5k naira) from my account at the end of the year for some account maintenance purposes I guess.
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Nobody: 1:00pm On Sep 03, 2018
whats this OP saying, you dont want to pay any charge at all in banks? you are rendered a service and you dont want to pay, but u ll gladly pay at a game centre, or an eatry or to buy gas. Oga swerve jare

2 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by kennypoju04: 1:01pm On Sep 03, 2018
Stealing through deduction

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by SilentVboy: 1:02pm On Sep 03, 2018
Dogalmighty17:
He is right. UBA has been charging me a monthly card maintenance fee of 100 naira for the past two years. My card expired 2 years ago. I have no atm associated with that account and yet I'm being charged a monthly card maintenance fee.

Nigerian banks are criminal organizations. Our banks were consistently declaring billions in profits even when the Nigerian economy was in recession. They are parasites.
I really hate UBA. I stopped using them for long and even dashed them the 1k left in d account.....

While FIDELITY is a very big of fan card maintenance fee. When my verve card expired , I did not go for renewal for 4months. But when I went for a new card, I was issued a visa this time around and lo and behold, I just sat down and watched 4 sms entered my phone. I THOUGHT SOMEONE SENT ME MONEY. But stupid fidelity still deducted maintenance fee for those 4months I had no card on me....

Even though some complain about GTB, I still prefer GTB because of their flexibility and they do not charge me for any monthly card maintenance.

3 Likes

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by sandraade(f): 1:03pm On Sep 03, 2018
Because UK Banks doesnt charge you per transaction does not mean Nigeria banks shouldnt. US banks do charge per transation
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by aceTS: 1:05pm On Sep 03, 2018
majekdom2:
If you want to remove it or block them, they remove you. We saw this play out with Sanusi. Emefiele got back there and put back the charge. Upon all the left how many billionaires in dollars do we have?

" Emefiele got back there and put back the charge"



Word!
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Charleslewizy(m): 1:06pm On Sep 03, 2018
This is Nigeria.....everybody be criminal grin
Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by calddon(m): 1:07pm On Sep 03, 2018
GTBANK IS THE WORST OF ALL.

1 Like

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by chigo4u: 1:07pm On Sep 03, 2018
olujastro:

So N65 is why you are ranting online? I do more than 20 interbank transfers with my naira account daily and the charges exceed 1k.
Go and hustle and stop worrying about common N50 bank charge.

To your question, using another bank's ATM isn't free especially after 4pm.
Also, they remove some money (over 5k naira) from my account at the end of the year for some account maintenance purposes I guess.
You are sounding like a lunatic. So because you can afford it, everyone should make money like you, in a country where over 80 milion people live on less than 1 dollar/day? Even if it's N1, it's enough to rant about, these banks should look for ways to make money from the various investment opportunities like their colleagues elsewhere with the monies in their possession and not stealing from customers.

8 Likes 1 Share

Re: Nigerian Banks And Its Systematic Extortion (share Your Experience) by Hanji(m): 1:13pm On Sep 03, 2018
ZarahBuhari:
UBA charges N11 for transfers to other banks

But the idea of transfer fees charges by our banks is fraudulent
which of the uba?

(1) (2) (3) (4) (5) (Reply)

110m Nigerians Have No Business Being Poor, Says NEITI Boss / Boeing Gives $100m To Help 737 Max Crash Families / Cyber Cafe Set Up Tips

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 101
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.