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Summary Of CBN Revised Bank Charges - Business - Nairaland

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Summary Of CBN Revised Bank Charges by Ravon: 10:33pm On Dec 22, 2019
A. Electronic transfers:

1. N10 for interbank trans less than N5000
2. N25 for interbank trans between N5,001 - 50,000
3. N50 for interbank trans above N50,000

B. ATM Withdrawal

N35 (previously 65) after 3rd withdrawal in a month, on another bank's ATM.

C. Card Maintenance Charge

1. N50 every 3 months for Savings ( Now quarterly as against the current monthly charge)
2. Zero for Current

D. Account Maintenance Charge

1. Zero for Current
2. Applicable to current accounts only on customer induced transactions
SOURCE: https://brandspurng.com/2019/12/22/cbn-slashes-banks-atm-withdrawal-fee-from-n65-to-n35/

46 Likes 7 Shares

Re: Summary Of CBN Revised Bank Charges by sw: 10:42pm On Dec 22, 2019
Ok
Re: Summary Of CBN Revised Bank Charges by SadiqBabaSani: 11:16pm On Dec 22, 2019
Banks will fight tooth and nail to reverse this Review

48 Likes 3 Shares

Re: Summary Of CBN Revised Bank Charges by Brandstudio01: 11:19pm On Dec 22, 2019
It's well
Re: Summary Of CBN Revised Bank Charges by helinues: 11:54pm On Dec 22, 2019
Good news to end the year

13 Likes 1 Share

Re: Summary Of CBN Revised Bank Charges by GamalNasser: 12:07am On Dec 23, 2019
You notice how they carefully avoided talking about that hideous 50 naira POS charge

82 Likes 4 Shares

Re: Summary Of CBN Revised Bank Charges by Azejellek(m): 12:09am On Dec 23, 2019
Good

1 Like 1 Share

Re: Summary Of CBN Revised Bank Charges by BuhariAdvocate: 12:41am On Dec 23, 2019
Buhari best Nigeria president. And the most respected president in the world.

25 Likes 7 Shares

Re: Summary Of CBN Revised Bank Charges by speaktome(m): 1:42am On Dec 23, 2019
I don't think our fraudulent banks will take heed to this...







#MySignature
#MyBusiness

3 Likes

Re: Summary Of CBN Revised Bank Charges by Ibegtodiffer: 3:37am On Dec 23, 2019
Here comes another deceptive moves to milk Nigerians. Last time I checked, Card Maintenance fee was termed illegal, and even when it wasn't, it was done annually (mostly intermittently).
There is nothing more Criminal than charging a customer for Maintenance of card that is absolutely under the care of the same customer. I pay to maintain the card, pay to use ATM, charged to withdraw certain amount of my money, yet, if you talk, they call it hate... forgetting that in a short while, they will leave power or power will leave them.

135 Likes 13 Shares

Re: Summary Of CBN Revised Bank Charges by Lush100(m): 3:39am On Dec 23, 2019
..
Ravon:
A. Electronic transfers:

1. N10 for interbank trans less than N5000
2. N25 for interbank trans between N5,001 - 50,000
3. N50 for interbank trans above N50,000

B. ATM Withdrawal

N35 (previously 65) after 3rd withdrawal in a month, on another bank's ATM.

C. Card Maintenance Charge

1. N50 every 3 months for Savings ( Now quarterly as against the current monthly charge)
2. Zero for Current

D. Account Maintenance Charge

1. Zero for Current
2. Applicable to current accounts only on customer induced transactions

SOURCE: https://brandspurng.com/2019/12/22/cbn-slashes-banks-atm-withdrawal-fee-from-n65-to-n35/
Re: Summary Of CBN Revised Bank Charges by lawalosky(m): 4:29am On Dec 23, 2019
Not really bad, but there might be a bitter truth behind this adjustment.
.
.
.
Friends and pals is another year full of grace,, happy birthday in advance to my self...
.
.

15 Likes

Re: Summary Of CBN Revised Bank Charges by odave: 5:35am On Dec 23, 2019
We be mumu for this country I swear! Now, the small change wey you keep for bank they must still chop out of it. Now if someone should stand up to say no to these illegal deductions, we the youth wont even look his side.

15 Likes 1 Share

Re: Summary Of CBN Revised Bank Charges by pejuakinab: 5:36am On Dec 23, 2019
I dey wait their other bad plans elsewhere.
Govt no mumu reach that level...all na game of chess.
"Like" if u agree
Share if u disagree

14 Likes 1 Share

Re: Summary Of CBN Revised Bank Charges by Stanweezy(m): 5:38am On Dec 23, 2019
Good move, I remember when bankers beg ppl to open account with them, now they do atakata.

Imagine deducting money from customers account and they tagged it card maintenance, withdrawal charge with ATM card of a bank to another is understandable but those useless card maintenance is what I don't understand.

Install solar to enjoy uninterrupted power supply at work, school or home.

Contact me let's do the magic for you.

1 Like

Re: Summary Of CBN Revised Bank Charges by xreal: 5:39am On Dec 23, 2019
and the POS charges?

1 Like

Re: Summary Of CBN Revised Bank Charges by Acecube(m): 5:42am On Dec 23, 2019
lawalosky:
Not really bad, but there might be a bitter truth behind this adjustment.
.
.
.
Friends and pals is another year full of grace,, happy birthday in advance to my self...
.
.
Happy birthday boss... Why advance again ? Abi you get multiple birthdays again
Re: Summary Of CBN Revised Bank Charges by alexvic12: 5:42am On Dec 23, 2019
speaktome:
I don't think our fraudulent banks will take heed to this...

I made a transfer this morning. Still normal N52 charges.

5 Likes

Re: Summary Of CBN Revised Bank Charges by AntiWailer: 5:43am On Dec 23, 2019
SadiqBabaSani:
Banks will fight tooth and nail to reverse this Review

No need to
Re: Summary Of CBN Revised Bank Charges by AntiWailer: 5:43am On Dec 23, 2019
alexvic12:


I made a transfer this morning. Still normal N52 charges.

They will need to modify their configuration calm down

4 Likes 2 Shares

Re: Summary Of CBN Revised Bank Charges by aguiyi2: 5:44am On Dec 23, 2019
I am afraid.We might be in for a rude shock January 2020.These banks (CBN etc) don't give nothing free. Greek Gift.

6 Likes 1 Share

Re: Summary Of CBN Revised Bank Charges by Kirinwa: 5:44am On Dec 23, 2019
Ravon:

SOURCE: https://brandspurng.com/2019/12/22/cbn-slashes-banks-atm-withdrawal-fee-from-n65-to-n35/

This is the best news of my life.

FirstBank how market? This bank in question sabi task eh, if first bank na human being, e go be Agbero.

The era of #100 charge on a meagre #1000 is over.
Banks should work for their money not tasking people unnecessarily to pay workers.

I hope it's with IMMEDIATE EFFECT!!!

2 Likes

Re: Summary Of CBN Revised Bank Charges by AntiWailer: 5:44am On Dec 23, 2019
speaktome:
I don't think our fraudulent banks will take heed to this...







#MySignature
#MyBusiness

No bank will risk CBN's sanction they will definitely comply.

4 Likes 1 Share

Re: Summary Of CBN Revised Bank Charges by Xano(m): 5:44am On Dec 23, 2019
Interesting
As regards ATM Withdrawal, it's 65 naira for the first three in a month, then 35 naira from the fourth withdrawal.
It makes no sense.

1 Like

Re: Summary Of CBN Revised Bank Charges by Kirinwa: 5:47am On Dec 23, 2019
GamalNasser:
You notice how they carefully avoided talking about that hideous 50 naira POS charge

Abi #100?
Re: Summary Of CBN Revised Bank Charges by iHart(m): 5:48am On Dec 23, 2019
People will return to mainstream and fintechs are going to suffer...

3 Likes 1 Share

Re: Summary Of CBN Revised Bank Charges by lawalosky(m): 5:48am On Dec 23, 2019
Acecube:
Happy birthday boss... Why advance again ? Abi you get multiple birthdays again
Not at all.
Thanks

1 Like

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