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Nairaland Forum / Nairaland / General / Business / CBN Drops ATM Withdrawal Limit To N20k/Day (81660 Views)
CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly / CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 / CBN Drops Interest Rates By 50bps To 13.50% (2) (3) (4)
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Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Lekan239(m): 9:18am On Dec 07, 2022 |
Now I can be withdrawing my 5k in peace from the ATM without queuing for 3hrs because of the Pos guys |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Texie(m): 9:22am On Dec 07, 2022 |
Kayyus09: How?? |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by entrep88: 9:40am On Dec 07, 2022 |
Another smart move in ensuring those with bulk cash think twice before taking it to the bank, to collect am back go hard. CBN knows what is doing to an extent, many will be forced to spend the bulk of old cash with them before it becomes a waste. This move may affect us but on the long run currency hoarders are on big trouble except the inject it back to circulation by forceful spending before the elapse |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by ileriashe29(m): 10:22am On Dec 07, 2022 |
What about transfer pls I need enlighten |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Tohmey(m): 10:42am On Dec 07, 2022 |
Lol. . .
Time to adopt cryptocurrency
USDT all the way |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Seun(m): 10:46am On Dec 07, 2022 |
MrBroke:They could use BVN linkage to restrict you if they see people using that loophole. The person wey dey no fit frustrate hasn't been born. 6 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by GloriousGbola: 11:06am On Dec 07, 2022 |
Seun: When you see Seun osewa using pidgin to describe a situation, you know shit done just got real. 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Showpatos: 11:38am On Dec 07, 2022 |
Anonymoususher:true talk |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by lereinter(m): 11:40am On Dec 07, 2022 |
Westchester: Search Google you will see allegations of stealing against obi. Just as you call others thief and obi clean that's how some to call obithief and others clean |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Rilwayne001: 12:45pm On Dec 07, 2022 |
Evidenx: Only if this account isn't linked to your BVN |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by tonardo(m): 12:47pm On Dec 07, 2022 |
The rich get richer ...the poor poorer... If you are into pOs ..open multiple cooperation accounts.. And withdraw 2million a month to remain in business... This when pos business gets competitive and interesting.. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by U1(m): 1:01pm On Dec 07, 2022 |
CalabarPikin: Oh, yeah. If wishes were horses... Nothing would be done. That's how Wema Alat deducted SMS charges from my balance in advance (through 25 December) barely days after deducting same amount for November. Na account closure go end that matter. This country is just messed up. Big time! |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by MITCHELL96: 1:06pm On Dec 07, 2022 |
emmydee: This guy sef You go withdraw 2k enter market to buy bag of rice abi? The 20k is ok, but 50k would have been the best. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by YoungBlackRico(m): 1:38pm On Dec 07, 2022 |
God bless them for this one. Been meaning to talk about it a long time...you'll see people go to atm to withdraw large Sum of money...for what? There are many ways to transact without cash for Christ sake. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by YoungBlackRico(m): 1:49pm On Dec 07, 2022 |
yemmit90:Only a fool will keep a huge sum at home knowing it could be lost withing seconds. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by MrBroke(m): 1:52pm On Dec 07, 2022 |
Seun: Might be though but I think it's tied to an account not BVN |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by somehow: 2:02pm On Dec 07, 2022 |
Mrfksb1: How much in total does old people withdraw in LA you live in? Cashless policy is in full force in the US. People will surely adjust. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by somehow: 2:05pm On Dec 07, 2022 |
Akwamkpuruamu: This was never supposed to be a form of business in a working society in the first place. So it's like saying how will Okada rider survive when they were not built for commercial transportation in the first place. Abnormality has taken over alot of things in Nigeria. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by JoshuaSG: 2:37pm On Dec 07, 2022 |
This is serious! |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by webizone(m): 2:49pm On Dec 07, 2022 |
Ok. Let me spell it out clearly for those who don't understand. Nigeria is broke. Looted beyond safe levels as Nigeria has to pay their debts. Those who looted Nigeria can't be forced to release the money they are withholding so it has to fall on the masses to keep their money in the system, where arbitrary taxes can be imposed at will to pay off those debts. Very reminiscent of MMM before the collapse. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by webizone(m): 2:51pm On Dec 07, 2022 |
MissLAP:I haven't, actually |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by CalabarPikin: 2:53pm On Dec 07, 2022 |
U1: The whole shit is just so annoying |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by webizone(m): 2:53pm On Dec 07, 2022 |
Papertrail11: Please explain further. I would like to know. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Westchester(m): 2:54pm On Dec 07, 2022 |
lereinter: All those accusations has no backed up evidence but we all know th1efnubu and Atiku are confirmed criminals |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by webizone(m): 3:05pm On Dec 07, 2022 |
Moh247: Nigerian leaders don't need the Constitution to do whatever they want. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by webizone(m): 3:07pm On Dec 07, 2022 |
sonature1: Ah, you are only putting the cart before the horse (in a yoruba elder's voice) |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by AkProsper(m): 3:32pm On Dec 07, 2022 |
odinga1of:L8ke I said, they'll have account with multiple banks to get their ATM. Also, as a POS agent, you can reach out to businesses that receives cash. Convin6them to give you cash instead of them taking it to Bank them transfer to them. 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by webizone(m): 3:55pm On Dec 07, 2022 |
rezy15:Oga Oga cash and cashless is an individual choice. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by webizone(m): 3:59pm On Dec 07, 2022 |
Onebigman:That's the essence of going cashless. They can wake up tomorrow and declare that you now own only 50% of money in your account. If you doubt it can happen, go and ask Cyprus. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by LienwaltAbel(m): 4:22pm On Dec 07, 2022 |
pocohantas:Yeah right. When a good amount of Nigerian traders are illiterates that keep their money in wooden safes buried in small holes. Let's not go there. Nigeria is still a backwater 5th world country that has more illiterates than literates, all these nonsense high up stuff that y'all keep pushing for can never work here. It's like using gum to attach peacock feathers to a common fowl. It's still not a fowl and would be subjected to strong ridicule for trying to be one. 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by LienwaltAbel(m): 4:27pm On Dec 07, 2022 |
Welcome to the future, you shall own nothing and be happy. Of course, we know why this is happening, expect more crazier deductions in the future. Honestly, the days of material possessions was just so much better, nowadays everything's fcking going digital. Can you imagine that Most AAA games have gone digital, you don't even own the game and the stupid company who made it can retract it if they want. Abeg, make Dem just hit reset button. Humanity has failed again |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by rezy15(m): 4:48pm On Dec 07, 2022 |
webizone:Well manage the 20k cash withdrawal limit |
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