₦airaland Forum

TheWolfen:
Gtbank is doing daylight robbery.
Hopefully I will close my account with them soon

that bank is gradually going down

I blame T-Pain 😞💔💔💔

OneCandleAway:
They prefer to sell the money to pos agents than load it in atm machine. That's why you'll see a banks atm not dispensing cash but there's a pos agents right in from of the bank with enough cash for 100 people.

When last did you see people depositing in the bank?

Esthered:
When last did you see people depositing in the bank?

Hmm, my dear Esthered. So, does that mean POS agents don't get their cash from banks anymore?

Regulations there is dead.They are just doing anyhow now.

Acidosis:
Hmm, my dear Esthered. So, does that mean POS agents don't get their cash from banks anymore?

POS agents get cash from business owners at a cost. The business owner will rather sell the cash to them than deposit in a bank that wouldn't pay interest based on the transaction dynamics on the account.
The risk of loss of funds is eliminated as there's no cash-in-transit to the bank that may get lost or stolen on the way to the bank among others.

Remember that Fintechs don't give their agents cash. The agents also visit ATMs of traditional banks and empty them with multiple cards.

Banks try to make provisions for their agents but it's not enough to run their business.

Let's be honest with ourselves, when last did we do a cash deposit in our accounts through traditional banks?

It's easy to blame banks and not see the role we play in cash circulation.

Esthered:
POS agents get cash from business owners at a cost. The business owner will rather sell the cash to them than deposit in a bank that wouldn't pay interest based on the transaction dynamics on the account.
The risk of loss of funds is eliminated as there's no cash-in-transit to the bank that may get lost or stolen on the way to the bank among others.

Remember that Fintechs don't give their agents cash. The agents also visit ATMs of traditional banks and empty them with multiple cards.

Banks try to make provisions for their agents but it's not enough to run their business.

Let's be honest with ourselves, when last did we do a cash deposit in our accounts through traditional banks?

It's easy to blame banks and not see the role we play in cash circulation.

I never thought of it that way. You’ve made some really good points.

Acidosis:
I never thought of it that way. You’ve made some really good points.

Thanks sir.
How are you and the babies doing sir?

Esthered:
Thanks sir.
How are you and the babies doing sir?

🙏
The babies and I are doing great, dear

Tallesty1:
This is not completely true

He just nailed it. If you are POS agent let us know

Tallesty1:
POS operators source for funds from filling stations, factories, shops etc.

I am not saying that there is no truth in what you said but majority of them get funds from businesses.

So u are encouraging the selling of naira notes by these business outfits to POS operators instead of taking the money to the bank?

Emmanuel900:
No Nigeria Bank is reliable, the most annoying thing is cash scarcity at the ATMs. These Banks barely load cash in ATMs, Nigeria Banking sector seem like there's no regulation at all, the Bank just act and do as they wishes with no one to fight for the right of customers.

You will pay through your nose to access the money you keep in the bank.

Banks and their staff are neck deep in the business of POS. So don’t expect any cash at any ATM soon

Orinechi:
So u are encouraging the selling of naira notes by these business outfits to POS operators instead of taking the money to the bank?

I resemble minister of finance?

Orinechi:
So u are encouraging the selling of naira notes by these business outfits to POS operators instead of taking the money to the bank?

It's easy and convenient for the business owner than going to the bank.
It's sometimes cheaper as you'll incur transportation expenses whereas the agent comes to mop up your cash without you leaving the business.

the money someone transferred to my GTbank for 3 days have been hanging on the air by witchcraft. the senders bank have confirmed that transaction was successful at their end and GTbank have also confirmed that the money is on the air hanging on their server but have not reflected in my acct yet.

i thought it was only me o, until i asked other customers and was shocked that some of them have been waiting for their money to drop since 3 months now. omo i got chills

na ebola ahmed Tinubu wey don off grid light

helinues:
Transactions have not been going since yesterday night, Zenith precisely, a friend also complained of same thing with different bank

Are their servers down at the same time?

i have come for you, I read your mouth is bad, i go to clear u from batist v1rus.

helinues:
Transactions have not been going since yesterday night, Zenith precisely, a friend also complained of same thing with different bank

Are their servers down at the same time?