TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

Sms fee for first one, then the second one is about using ussd code in buying data or airtime from your bank account. Hope you gerrit now?

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

Available bal: NGN958,007.56

True or True?

Y u come hide ur balance na we dunno u

Koleb:
stop using USSD. Get a mobile banking app

Is it #288 that ussd charges?

hmmm Nkanbe for Nigeria, central bank cancel card maintenance and they begin charge for USSD this Nigeria Na scam.

Olam09:


Sms fee

Wrong.

[quote author=TeamLeader post=110128049]Please I need some educa

Available bal: NGN958,007.56

True or True?

Available bal: NGN958,007.56

True or True?

stop covering your bank balance , u no get shishi

fotadmowmend:
Na your balance i wan see first

9 million or 9k

That KIND of Bank Charges

Revolution2022:
Is it #288 that ussd charges?

accumulated for the month of January

Na so these banks go dey comot your money small small without you knowing.

Smartgeek:
Wrong.

Very correct bro.. i mean debit/credit alert sms fee for the whole of January. Then the second one which is 23 or 25 naira is about the OP using ussd code to buy data/airtime from his bank account. Only person wey get 5,000 naira for account no fit understand this.

Acecube:
accumulated for the month of January

Ussd doesn't accumulate charges.Every transaction is deducted instantly.A message will be sent to the customer before he/she proceed.

There’s this notification you get each time you want to use the USSD code for any transaction asking you to press 1 if you agree to a #6+ (Six Naira Plus) charge. For each time you press yes, they deduct #6 I guess.

They even sent u a message. They don't send mine, I only see it in my mail.

Revolution2022:
Ussd doesn't accumulate charges.Every transaction is deducted instantly.A message will be sent to the customer before he/she proceed.

Olodo, at the end of the month banks do charge people who does transaction regularly with ussd code accumulated fees for credit/debit alert sms.

TeamLeader:
Please I need some education here. Dey con de charge me around 11pm. De tink say I go don sleep.

Abeg help me out

This charge is the USSD session charged borne by customers that use their bank's USSD service and to be Remitted to Telcos (MTN, AIRTEL GLO OR 9MOBILE) depending on what network the customer's line belongs to.

The USSD (Unstructured Supplementary Service Data) is a Global System for Mobile Communications (GSM) protocol that is used to send text messages. USSD is similar to Short Message Service (SMS). ... This means USSD enables two-way communication of information, as long as the communication line stays open.

An integration is done between banks and Telcos to host their banking services using the USSD platform hence, the need for telcos to charge N6.98 for each session (max 120 seconds) used by bank customers already enrolled on their ussd short code service to access financial services.

The cost was formerly borne by customers using their airtime to dial USSD codes and carry out banking functions, then later borne by banks, until last year when some Banks failed to remit session fees to Telcos leading to a rift between banks and MNOs.

It took the intervention of CBN and NCC for an agreement to be reached, giving birth to charging customers an agreed fee of N6.98 per session for onward remittance to the telcos.

Most banks have switched to the automated session fee service where customers are automatically debited N6.98 as soon as their bank's session code is dialed. Some banks debit the lump sum once a month while some allow the system debit instantaneously.

The USSD is popular with bank customers that use feature phones since they cannot use the bank apps. However, due to the convenience of the USSD service for banking activities, even people with smartphones have been endeared to using their banks' short strings.

For you to be charged this fee, you had already consented to being charged (see screenshot) for each session (120secs max) per time.


I hope this clarifies things.

EaglesT:
There’s this notification you get each time you want to use the USSD code for any transaction asking you to press 1 if you agree to a #6+ (Six Naira Plus) charge. For each time you press yes, they deduct #6 I guess.

You really pay attention to details, thumbs up.
Nigerians don't care about details. They just come online and start crying when in the real sense, ignorance is their problem.

Koleb:
stop using USSD. Get a mobile banking app

Mobile banking app ke? Leave GTB and their inappropriate charges.

Used mobile app yesterday for a transaction and got charged twice. First #50 and secondly #5, for same transaction o! Mind you, it's been like this for 2yr plus tbh

When we dey small dem dey tell us say if u put ur money in d bank en go dey increase every month...but now reverse is d case.

Olam09:


Very correct bro.. i mean debit/credit alert sms fee for the whole of January. Then the second one which is 23 or 25 naira is about the OP using ussd code to buy data/airtime from his bank account. Only person wey get 5,000 naira for account no fit understand this.

Read my comprehensive write up dropped some minutes ago.

Very soon I would switch to kuda bank permanently.
Fidelity bank worse pass this one

When we dey small dem dey tell us say if u put ur money in d bank en go dey increase...but now reverse is d case.

Olam09:


Olodo, at the end of the month banks do charge people who does transaction regularly with ussd code accumulated fees for credit/debit alert sms.

Na lie.

wynerbabe:
Bought #400 MTN recharge through ussd from my UBA account and I have been debited since yesterday but MTN refused to send me the units till now.May be ussd is beginning to be an issue because this is the first time I am having this issue with ussd.

You better burst into that yahoo yahoo bank called uba . Fraudulent and obsolete banking systems .. I can bet u the issue is from that useless una .

very any how country. customers dont get any protection from business owners.

Revolution2022:
Money plenty for your aza.
Our money is not safe from hackers and bank management.Just leave #200 for your account for a month you won't find it there.You will be asking yourself
"What does this bank charge me for because I didn't carryout any transaction for a month?

GTBank debit me to the point that I started owning them.

Odidigboigbo:
GTBank debit me to the point that I started owning them.

The bank does it to me as well.

Onyeziokwu:


Mobile banking app ke? Leave GTB and their inappropriate charges.

Used mobile app yesterday for a transaction and got charged twice. First #50 and secondly #5, for same transaction o! Mind you, it's been like this for 2yr plus tbh

CBN has told banks to stop unnecessary debit from customers account.Why are the banks not heeding to CBN's directive?

Smartgeek:
This charge is the USSD session charged borne by customers that use their bank's USSD service and to be Remitted to Telcos (MTN, AIRTEL GLO OR 9MOBILE) depending on what network the customer's line belongs to.

The USSD (Unstructured Supplementary Service Data) is a Global System for Mobile Communications (GSM) protocol that is used to send text messages. USSD is similar to Short Message Service (SMS). ... This means USSD enables two-way communication of information, as long as the communication line stays open.

An integration is done between banks and Telcos to host their banking services using the USSD platform hence, the need for telcos to charge N6.98 for each session (max 120 seconds) used by bank customers already enrolled on their ussd short code service to access financial services.

The cost was formerly borne by customers using their airtime to dial USSD codes and carry out banking functions, then later borne by banks, until last year when some Banks failed to remit session fees to Telcos leading to a rift between banks and MNOs.

It took the intervention of CBN and NCC for an agreement to be reached, giving birth to charging customers an agreed fee of N6.98 per session for onward remittance to the telcos.

Most banks have switched to the automated session fee service where customers are automatically debited N6.98 as soon as their bank's session code is dialed. Some banks debit the lump sum once a month while some allow the system debit instantaneously.

The USSD is popular with bank customers that use feature phones since they cannot use the bank apps. However, due to the convenience of the USSD service for banking activities, even people with smartphones have been endeared to using their banks' short strings.

For you to be charged this fee, you had already consented to being charged (see screenshot) for each session (120secs max) per time.


I hope this clarifies things.

Does that mean customers would still be charged even when the transaction didn't go through?