Good morning Nairalanders. Please I am confused o. If I want to pay through POS, am I still limited to the 20k individual daily limit?
please I want to confirm this before going there with my card. Because going to the bank to withdraw 60k plus OTC is not a wise thing to do at the moment
PS: This will be absolutely cashless transaction (from my bank account to theirs). Thanks
nlfpmod, mynd44 please help me. I'm confused.

Olaolex:
Good morning Nairalanders. Please I am confused o. If I want to pay through POS, am I still limited to the 20k individual daily limit?
please I want to confirm this before going there with my card. Because going to the bank to withdraw 60k plus OTC is not a wise thing to do at the moment
PS: This will be absolutely cashless transaction (from my bank account to theirs). Thanks

the limit only applies to withdrawal and not transfer

Olaolex:
Good morning Nairalanders. Please I am confused o. If I want to pay through POS, am I still limited to the 20k individual daily limit?
please I want to confirm this before going there with my card. Because going to the bank to withdraw 60k plus OTC is not a wise thing to do at the moment
PS: This will be absolutely cashless transaction (from my bank account to theirs). Thanks

It's only applicable to counter and atm machines...other than they you can use pos or better still transfer to the pos person account...then he give you the amount you transfer...that's how people bypass the so called limit.

Janesouthall:


It's only applicable to counter and atm machines...other than they you can use pos or better still transfer to the pos person account...then he give you the amount you transfer...that's how people bypass the so called limit.

I'm baffled with the way banks network is misbehaving. It is very had to tranfer this days. My android is faulty and bank code don't usually work during the day.

Pierocash:
the limit only applies to withdrawal and not transfer

I don't want to do transfer. What is disturbing is banks network. Their network is not reliable this days. What I meant is that can I bypass by paying with my card through company pos sir?

Please miss annahh, a brother needs your help ma'am. Thanks in advanced ma'am.

Olaolex:
Please miss annahh, a brother needs your help ma'am. Thanks in advanced ma'am.

The 20k limit is for withdrawal, you can do transfers without the limit.

Olaolex:
I don't want to do transfer. What is disturbing is banks network. Their network is not reliable this days. What I meant is that can I bypass by paying with my card through company pos sir?

Yes you can.

Annahh:
The 20k limit is for withdrawal, you can do transfers without the limit.

Acknoledged ma. Thanks you very much ma.

Annahh:
Yes you can.

I'm grateful. God bless you ma'am