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Nairaland Forum / Nairaland / General / Business / CBN Drops ATM Withdrawal Limit To N20k/Day (80159 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 Mensonges: 4:42pm On Dec 06, 2022 |
RomanGreen: Be like say Bubu wan finish Bulaba completely. No wonder he kept on calling his name for that bulaba video. 2 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Nobody: 4:42pm On Dec 06, 2022 |
Mrfksb1: They may have to adapt. Mah elderly parents went from 'I will never have an ATM card' to 'online buying and selling xprts...' |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by obi58: 4:42pm On Dec 06, 2022 |
Akwamkpuruamu: POS guys will have to think out of the box.... For example if I want to withdraw 100k from POS instead of using ATM card I will transfer to the POS person who will include charge. However the challenge they will have is sourcing for cash with the new bank withdrawal charges I suspect POS charges per withdrawal will have to increase. The real difficulty lies in going to the market. If you want to pay a market woman who is not enlightened above 20k how you go fit do am? 20 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by VIPAFRICAN(m): 4:42pm On Dec 06, 2022 |
Akwamkpuruamu:How does this affect the POS guys if I may ask. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Segun91: 4:43pm On Dec 06, 2022 |
Will just go and open two more bank account. 6 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by PotatoSalad(m): 4:43pm On Dec 06, 2022 |
lrman:POS withdrawal. To read and understand dey hard una. I've been telling business people to adopt POS in their business, they'll say no. They want cash. This is good news from CBN 5 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by MrBONE2(m): 4:44pm On Dec 06, 2022 |
RomanGreen:Too Late Bwana, the news came at the right time when all BULLION VANS SYNDICATES including their Kings hayaaf already stocked their fleet of Bullion Vans with enough money 2 Likes
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Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Kayyus09(m): 4:44pm On Dec 06, 2022 |
Lobatan |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by simplesearch: 4:44pm On Dec 06, 2022 |
pocohantas: How? When over the counter withdrawal is same with ATM withdrawal. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by 007s(m): 4:44pm On Dec 06, 2022 |
Mrfksb1: Your Aged parent can withdraw 20k per day |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by PotatoSalad(m): 4:45pm On Dec 06, 2022 |
Af0nja:Which is a good thing |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by ghiloman28(m): 4:45pm On Dec 06, 2022 |
Good. Naira will not be roaming like mumu everywhere 2 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by cyndylove64(f): 4:45pm On Dec 06, 2022 |
And incase of emergency when transfer is not going but one needs to withdraw.... And the person needs more than 20k what is the person supposed to do? Seriously 20k per day 2 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Nobody: 4:46pm On Dec 06, 2022 |
Well We devise another means |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Kayyus09(m): 4:46pm On Dec 06, 2022 |
POS business will be more profitable 4 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by ojex004: 4:47pm On Dec 06, 2022 |
Na for banks to employed more workers be dat now. Make more cashier be on desk. 1 Like 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Karleb(m): 4:48pm On Dec 06, 2022 |
2 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by gracealonev: 4:48pm On Dec 06, 2022 |
Moh247: Forget about politicians. Those guys at CBN are crooks themselves. They know the ordinary people that these regulations would affect. Some rules were equally in effect before the drama of billion vans in 2019. And there were no consequences. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Biafraaa: 4:48pm On Dec 06, 2022 |
Seems like here is where Opay will come in. Or did they include Opay in this new madness policy? 1 Like 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by ednut1(m): 4:48pm On Dec 06, 2022 |
Akwamkpuruamu:where in the world is pos a business 4 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by lereinter(m): 4:49pm On Dec 06, 2022 |
Westchester: What of obithief 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by na2016: 4:49pm On Dec 06, 2022 |
iwaeda: Calm down. They are trying to force you to go cashless, village man. 4 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Expressking: 4:49pm On Dec 06, 2022 |
Sweetnesstwins:the new directive starts from January2023 bro....you no even read the piece finish you begin comment.[color=#000099][/color] 2 Likes 2 Shares |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Bigchristo: 4:50pm On Dec 06, 2022 |
nlfpmod:I am just laughing at those still trying to continue this kind of government soon they will roll out domestic card which only enables you spend money around Nigeria and frustrate your international spending, las las una eyes go clear 3 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by utenwuson: 4:51pm On Dec 06, 2022 |
lrman:read again..... Cashless, only transfer for money above the 20k Pos will still transfer for you, just can't withdraw for you above 20k 2 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by franchasng: 4:51pm On Dec 06, 2022 |
pocohantas: |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by adecz: 4:51pm On Dec 06, 2022 |
This is to further make life more difficult for the average citizens. As for Tinubu and others like him, na bank manager go dey use bullion van take go give them money for house.. Nonsense❗️❗️☹️☹️☹️ 5 Likes 2 Shares |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemmit90: 4:51pm On Dec 06, 2022 |
cyndylove64: People will simply keep alot of cash at home, and there would be too much money in circulation. The policy doesn't make any sense to be honest. 200 or less denominations is more than ok to discourage heavy withdrawal. If I want to withdraw anything above 10k, I rarely patronize #500 ATM, let alone 200 or less. 6 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by vee22: 4:52pm On Dec 06, 2022 |
Maybe to cub crime like kidnapping. 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Raregem248: 4:52pm On Dec 06, 2022 |
Na wah oh 1 Like 2 Shares |
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