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Nairaland Forum / Nairaland / General / Business / I Am Tired Of #50 Stamp Duty On Money Received (614 Views)
₦50 Stamp Duty On Bank Deposits & Transfers Are Illegal - FHC Asaba / Nigerians To Pay Stamp Duty On ATM Printouts, Some Whatsapp Messages - FIRS / 50 Naira Stamp Duty For Transactions Above 1000 Naira (2) (3) (4)
I Am Tired Of #50 Stamp Duty On Money Received by Ciroma2020: 9:21pm On Nov 30, 2020 |
All these deductions (stamp duty) on money received into one's account is becoming too unbearable. Alert bills is there too especially since CBN made it compulsory for all customer. I just heard about Kuda bank so I'd like to know if Kuda bank is a good alternative. If you have an account with them please share your experience. |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Bola146(f): 9:22pm On Nov 30, 2020 |
Same here 1 Like |
Re: I Am Tired Of #50 Stamp Duty On Money Received by emae009(m): 9:28pm On Nov 30, 2020 |
They still charge stamp duty for amount 10,000 and above but no other charges plus you get 24 free transfers per month. They use push notifications instead of SMS. Good experience. 1 Like |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Davy04(m): 9:32pm On Nov 30, 2020 |
That is part of the ways they make money from people #50×1000000people=#50000000 million |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Mihzwhitesutana(f): 9:33pm On Nov 30, 2020 |
Davy04:but it's pure extortion |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Ciroma2020: 9:36pm On Nov 30, 2020 |
The difference isnt much then. I was actually expecting it to be free of stamp duty regardless of the amount. emae009: |
Re: I Am Tired Of #50 Stamp Duty On Money Received by internationalman(m): 9:59pm On Nov 30, 2020 |
If you leave 1k in your Bank account in Nigeria, by the end of the year you would left with zero balance... Sometimes it's good to eat your money at home yourself than unsolicited electronic deduction that goes to the same government who doesn't give a damn about you or how you survived to make your money. |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Pofgrace(m): 10:08pm On Nov 30, 2020 |
Ciroma2020:can you show proof of stamp duty charges from Kuda because I've been using the bank and no stamp duty charges was removed from my money |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Ciroma2020: 10:14pm On Nov 30, 2020 |
I'm afraid there's been a misunderstanding as my reply was directed to the person em.ae009 who said that they charge stamp duty on transaction of 10000 and more. Pofgrace: |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Ciroma2020: 10:18pm On Nov 30, 2020 |
and is that possible? internationalman: 1 Like |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Pierocash(m): 10:22pm On Nov 30, 2020 |
I have been paying stamp duty on my current account for over 10 years now. It is not new |
Re: I Am Tired Of #50 Stamp Duty On Money Received by GOB25: 12:34am On Dec 01, 2020 |
kuda bank is the way, no charges Wat so ever, if u receive 500k, u get 500k in ur account. no charges at all, free 25 transfer 1 Like |
Re: I Am Tired Of #50 Stamp Duty On Money Received by Ciroma2020: 8:25am On Dec 01, 2020 |
Wow. That's great. Thank you for sharing. I think i will be opening an account with them GOB25: |
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