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Cash Swap Policy: Abuja POS Operators Increase Charges - Business - Nairaland

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POS Operators Increase Charges For Withdrawal, Deposit / CBN To Withdraw POS Operators License Over High Charges / Cash Swap: Nigerians React Over CBN Fresh Deadline (2) (3) (4)

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Cash Swap Policy: Abuja POS Operators Increase Charges by thequesttimes1(m): 3:13pm On Jan 30, 2023
Following the Central Bank of Nigeria (CBN)’s recent cash swap policy and withdrawal limit reductions, several point of sale (POS) operators in the Federal Capital Territory (FCT), Abuja, have changed their charges.

According to THE QUEST TIMES sources, most POS operators charge an additional N300 to N500 per transaction for every N10,000 that is withdrawn or transferred to another account.

“We charged N100 for every N10,000 transaction before, but it’s now N300 for every N10,000,” an agent told The Quest Times.

The agent, who only introduced herself as Joyce, stated that the fees were raised when banks imposed a 3% levy on withdrawals of more than N500,000.
https://www.thequesttimes.com/cash-swap-policy-abuja-pos-operators-increase-charges/

Re: Cash Swap Policy: Abuja POS Operators Increase Charges by Dikegodspower(m): 5:01pm On Jan 30, 2023
Here in owerri.
They charge 100 for every 1000
200 for every 2000
500 naira for every 5000 naira and still counting
Re: Cash Swap Policy: Abuja POS Operators Increase Charges by Wahala90: 7:00pm On Jan 30, 2023
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Re: Cash Swap Policy: Abuja POS Operators Increase Charges by okooloyun1(m): 1:48am On Jan 31, 2023
I was shocked yesterday when I went to a POS shop to withdraw and I was charge N400 to withdraw 5k. I just walked out of their shop.

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