AntiWailer:


They will need to modify their configuration calm down

Sure. I'm calm.

AntiWailer:


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

I pray so

alexvic12:


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

Takes effect January 1

When will this take effect

alexvic12:


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

it's effective come Jan. 1 2020

Pearlqueen:
Takes effect January 1

Yeah thanks. I heard so.

GamalNasser:
You notice how they carefully avoided talking about that hideous 50 naira POS charge

CBN had previously said the POS will be applicable to transactions N10,000 and above from January 01, 2020 as against the current threshold of N2,000

Xano:
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.

No...it's zero naira for the first three in a month, then 35 naira from the fourth....
This applies to when you use your atm card on another banks machine.

SadiqBabaSani:
Banks will fight tooth and nail to reverse this Review

Nothing to fight. It's documented in the guide to bank charges.

Ibegtodiffer:
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.

yes they call it hate because people like you. Do your findings, study very well before commenting. Card maintenance free is not illegal and is even cheaper in Nigeria compare to other countries e.g SA. It is not done annually.

Ibegtodiffer:
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.

your life and negativity are like 5&6

Xano:
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.

Where did u get this from??

Ibegtodiffer:
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.

Seconded. To know a corrupt and confused government, they will be avocating a cashless economy yet multi tax the same means. All this useless adjust will be celebrated by the ignorant ones as a welcome development when it was stealing in the first place. None has also talk about POS charge and the motive behind it.

How come CBN did not reduce
1, POS changes
2, stamp duties (My back charge me 50 on every amount that entered my current account).

Sannisege:
poverty has battered my entire generation

Fixed

Nice

This is a good news. CBN thanks

The POS and VAT ish are still hanging on our necks. A case of deliberately starving the chicken and feeding it crumbs when it's weak

alexvic12:


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

I think it takes effect from January 1st

Ravon:

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

I was always charge#200-250 every month for SMS notification charge, but it's #185 this month.. I don't know how they do their calculation to just arrive at that figure they do charge me

aguiyi2:
I am afraid.We might be in for a rude shock January 2020.These banks (CBN etc) don't give nothing free. Greek Gift.

I tell you, I don't trust any kind gesture or favour from these people.

GamalNasser:
You notice how they carefully avoided talking about that hideous 50 naira POS charge

People that want cashless economy are now charging for using POS.

I think they are confused.

What is the catch biko??

Nice one.

Sannisege:
your life and negativity are like 5&6

What actually is negativity in what he has said?

This will finally lay the coffin of Opay to the grave, while others like PalmPay will reap more customers. Good development

I couldn't bear it with GTBank anymore, so I deactivated the SMS alert in 2016 and I have peace since then. Imagine paying 1600 plus in a month.

CrownWale93:
I was always charge#200-250 every month for SMS notification charge, but it's #185 this month.. I don't know how they do their calculation to just arrive at that figure they do charge me

zaFuhrer:
What is the catch biko??

CBN Gov playing the devil advocate.......
Tryin to please the Nigerian people and FG at the same time......
Chased us away from Treasury Bills investments & OMO Bills as if we are lepers ....
Tryin to woo the rich and foreign investors with juicy rate of 13% in OMO Bills....
And yet pacifying us with reduction in charges.....
To be in the good books of ordinary Nigerians.....

Any day am ready, I will still sue them.

The banks will still introduce another charges apart from the one on ground

Ibegtodiffer:
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.

Children of hate said card maintenance fee used to be annually. I was expecting him to say it was 1naira when Jonathan was there but as usually, he only came to attack APC and nothing more.