Access Bank on Sunday said it will refund its stamp duty deductions made from the account of its customers after a social media outcry on Saturday.

Stamp duty deductions apply to all credit received into current and savings accounts in respect to electronic transfer and teller deposits of N10, 000 and above. The money is remitted to the Central Bank of Nigeria.

The collection of the fee took effect in February but the bank delayed inadvertently its implementation until this week. Access Bank said in an email it sent to customers on June 23 that it “will be required to process the accumulated charges” incurred between February 1, 2020 and April 30, 2020.

But many customers said they did not see the bank’s message and huge social media backlash ensued when Access Bank began making the deductions incurred since February.

Some customers said the deductions, even if legal, were outrageous and beyond what was necessary, with #AccessBankScam trending at number one spot in Nigeria as at the time of writing this report.

“We have have heard our customers’ feedback that this charge is unwelcome, especially at this time against a challenging economic drop,” the bank said in a statement.

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Good One

Modified;

zoeA:
That was fast!

Same way the son of man will order his angel to blow the trumpet and the dead in Christ will rise first and then shall we the new creatures be caught up with the Lord in cloud 1thesolonian4v16

Get prepared cos He comes again

That was fast!

Imagine that they actually sent me an email to fund my account so they can post debit it for stamp duty for the past months despite not using the account for long... Ole! They should refund with interest sef.

Newcreature2020:
Good One

Modified;


Same way the son of man will order his angel to blow the trumpet and the dead in Christ will rise first and then shall we the new creatures be caught up with the Lord in cloud 1thesolonian4v16

Get prepared cos He comes again

If he comes like a thief... You go fit catch am?