₦airaland Forum

Chinjo2:
Why is it that it is every December that CBN always bring out policies like this?
You go to your bank and they tell you no cash, now they are telling us you can't withdraw more than 100k daily of your own money vio POS. If you decide to make transfer and they debit you without dispensing, your bank will ask you to wait for 14 working days before reversal.
Na wa for this country sha.

oluwaseyi0:
Do you read the article?

Jacobx007:
I don't see how they will enforce it, if I transfer N150K to pos agent and the person gave me Cash, how on earth will they know


And most of the pos people don't go to the bank to collect cash, they can collect N3m from filling station and do their business

Jacobx007:
I don't see how they will enforce it, if I transfer N150K to pos agent and the person gave me Cash, how on earth will they know


And most of the pos people don't go to the bank to collect cash, they can collect N3m from filling station and do their business

franugo:
How would this policy cause havoc to inflation??

Mineisgrace:
This is a very good move. Pos is not supposed to be able to transactt more than 60k on an at card at most.
Atleast there is ussd and also banking apps

This will help control criminals with access to people's banking cards

jmoore:
It can be bypassed.

temitope27:
learn how to do transfer, this is 2024

Proudlyngwa:
If u no get opay
I no go transact with u

Treasure17:
I didn't.

Myrepublic:
Sometimes we need the cash. No be every transaction requires transfer,and beside you know as Nigeria banks network dey. There is this transaction I did via uba since last month. The funds left my account, didn't get to destination. Till this minute,no reversal. They keep telling me their technical team is on it.. Going to a month now,and you are talking about transfer

vanbonattel:
You really failed economics in school. POS agents now stronger than banks, go back to school.

pingpong1:
Use Opay, Kuda, Palmpay Momo to transfer to Opay, Kuda, Palmpay, Momo. Una nor dey hear word. Forget those OLD Banks

ecomalchemistt:
This is stiffling, hmmm.

Still your plug for laptop 💻 powerbanks and high capacity powerbanks.

ecomalchemistt:
This is stiffling, hmmm.

Still your plug for laptop 💻 powerbanks and high capacity powerbanks.

Chinjo2:
Why is it that it is every December that CBN always bring out policies like this?
You go to your bank and they tell you no cash, now they are telling us you can't withdraw more than 100k daily of your own money vio POS. If you decide to make transfer and they debit you without dispensing, your bank will ask you to wait for 14 working days before reversal.
Na wa for this country sha.

ecomalchemistt:
This is stiffling, hmmm.

Still your plug for laptop 💻 powerbanks and high capacity powerbanks.

Mineisgrace:
This is a very good move. Pos is not supposed to be able to transactt more than 60k on an at card at most.
Atleast there is ussd and also banking apps

This will help control criminals with access to people's banking cards

richeeyo:
How much this biko

Oparasunny125:
Going for how much?
How does it work?
macsun125@gmail.com
Write to me

Basicend:
This ur power back dey vex o. How much is the last price and ur location?

ecomalchemistt:
This is stiffling, hmmm.

Still your plug for laptop 💻 powerbanks and high capacity powerbanks.

temitope27:
Why must we go around with too much cash, when opay transaction is so cheap

CrownedPhoenix:
Interesting times

How is this different from the 20,000 limit by Emefiele?

santaclaws:
No... I am saying even cash withdrawals shouldn't be limited cos the money's value isn't that much. There are vendors who want their cash, banks are frustrating people nowadays, you make payment in the morning, alert might not drop till the next day.