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Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessBanks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal (31838 Views)

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Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Btruth: 10:00pm On Mar 01, 2025
I don't get 🤷..... Which one is onside & offside again? 🤔
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by ennon92(m): 10:00pm On Mar 01, 2025
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Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by KIDfurniture(m): 10:01pm On Mar 01, 2025
Tilubu will touch everybody before he dies
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Ontarioo: 10:02pm On Mar 01, 2025
Now you can see ATM working 24/7.
This is going to fuel bank robbery. Especially in the west.
POS people will start advertising job opportunities on LinkedIn now. cool
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Artscollection: 10:02pm On Mar 01, 2025
essentialone:
This is extreme wickedness. But I love it. The announcement was made long ago. No protests. No complaints. We all relaxed. That shows we are ok with it. So no need to complain now.
Exactly my thoughts, those politicians are enjoying the show
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by ennon92(m): 10:02pm On Mar 01, 2025
Yekini Amoda Ogunlere why u wan choke us...Olorun ma fi ara ni e ATI awon ebi e
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by abibun: 10:03pm On Mar 01, 2025
Better to withdrawal from POS
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by merits(m): 10:03pm On Mar 01, 2025
It is high time to embrace cashless transformation.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by BoldBrainz(m): 10:03pm On Mar 01, 2025
Even banks don dey collect POS charges😅. This country need Ijaw massage.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by malali: 10:05pm On Mar 01, 2025
Btruth:
I don't get 🤷..... Which one is onside & offside again? 🤔
A player is offside if they are ahead of the second-last defender when the ball is played to them and they interfere with play. No offside for goal kicks, throw-ins, or corner kicks. VAR checks tight calls using semi-automated technology.

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Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by malali: 10:05pm On Mar 01, 2025
The government is trying to reduce cash spending, they want to force the economy to using cards payment.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by francisbarrack(m): 10:05pm On Mar 01, 2025
History will neva forget Tinubu... aka. T pain.
He will still implement more hardship for Nigerian. He is implementing more hardship for d masses. May God intervene.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by snowball11(m): 10:10pm On Mar 01, 2025
A country ruled by idiots! grin
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Enemyofpeace: 10:12pm On Mar 01, 2025
Very good. All of una go suffer
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by okeke6969: 10:16pm On Mar 01, 2025
Your voice cannot be heard through Nairaland. It is an effort in futility.
When Nigerians are ready, they will know what to do.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by JagaLove: 10:19pm On Mar 01, 2025
Nigerians wiil moan in private and keep quiet as usual
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Moveittothem: 10:19pm On Mar 01, 2025
Teammc:
Time for banks to cashout. Some no go allow you collect pass 5k at once, so if I'm withdrawing 20,000 with ATM machine that only dispense 5k, I will be paying 400# charges. Na wa oo, make una kuku kill us na. See as these people dey unveil shege banza one after the other and no one is talking about it. No action, whatever they throw at us, we accept. It is well sha
They made sure Nigerians are divided along ethnic lines by useful educated illiterates.

We can't stand against it with one voice.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Alliswell248: 10:20pm On Mar 01, 2025
Teammc:
Time for banks to cashout. Some no go allow you collect pass 5k at once, so if I'm withdrawing 20,000 with ATM machine that only dispense 5k, I will be paying 400# charges. Na wa oo, make una kuku kill us na. See as these people dey unveil shege banza one after the other and no one is talking about it. No action, whatever they throw at us, we accept. It is well sha
Threaten to report them to the CBN...
They would load the ATM with cash
It's 100 for 20k or less.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by 2RightHands1Coc(m): 10:26pm On Mar 01, 2025
We are now buying naira

Naija dey rotten before our korokoro eyes
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by nurez305(m): 10:29pm On Mar 01, 2025
Teammc:
Time for banks to cashout. Some no go allow you collect pass 5k at once, so if I'm withdrawing 20,000 with ATM machine that only dispense 5k, I will be paying 400# charges. Na wa oo, make una kuku kill us na. See as these people dey unveil shege banza one after the other and no one is talking about it. No action, whatever they throw at us, we accept. It is well sha
it was stated that 100 naira for every 20k withdrawal and 100 naira on any amount after the 20k withdrawal. I guess you won't be charged for 5k until your withdrawal enter 20k
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by symbianDON(m): 10:37pm On Mar 01, 2025
This government is a government of wickedness. Pure and simple.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by JuanDeDios: 10:38pm On Mar 01, 2025
post=134356215:
Many People Will Not Use ATM MACHINE ooo

To Avoid This 100naira And 600naira Charges.
N100 for 20k is still far cheaper than POS naa.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Emco1: 10:40pm On Mar 01, 2025
Tinubu is really squeezing Nigerians. Landlord is dealing with the citizens, Government is doing theirs. What is the use of money they are making on the sale of oil and gas? What of the billions they are making from ports on the importers? What are they use for?
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by JuanDeDios: 10:40pm On Mar 01, 2025
nurez305:
it was stated that 100 naira for every 20k withdrawal and 100 naira on any amount after the 20k withdrawal. I guess you won't be charged for 5k until your withdrawal enter 20k
"CBN further clarified that Nigerians withdrawing less than N20,000 from another bank’s ATM will still be charged N100 per transaction."

So, unless you're a Ghanaian, you will pay that N100 for 5k. Or 1k.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Uche559(m): 10:42pm On Mar 01, 2025
Just when u r celebrating reduction in food price, they hit u with another one again n d cycle continues. But they say things r getting better. They will give u with right hand n still collect with left hand again.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by nurez305(m): 10:43pm On Mar 01, 2025
JuanDeDios:
"CBN further clarified that Nigerians withdrawing less than N20,000 from another bank’s ATM will still be charged N100 per transaction."

So, unless you're a Ghanaian, you will pay that N100 for 5k. Or 1k.
ok, best thing now is to locate your bank and withdraw
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Autobiography: 10:44pm On Mar 01, 2025
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MartinsD12(m): 10:45pm On Mar 01, 2025
UDOKABESTLUV:
Source: https://tribuneonlineng.com/banks-begin-n100-on-site-atm-charges-n600-for-off-site-per-n20000-withdrawal/
The 100 naira ATM charge for 20k is not really the problem here the problem is will banks ATM have cash available at all time , pos business came as a result of banks failure to have cash available in their various ATM, now if bank doesn't dispense cash 20k no nonsense CBN should charge any body 100 naira , this will make POS charge to increase now but if banks can make cash available in ATM and increase that withdrawal limit to 100k a day , 20k is small .
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Obapluto: 10:46pm On Mar 01, 2025
Crypto don finish me
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by tnerro1(m): 10:48pm On Mar 01, 2025
All APC government know how to do is to collect, nothing has been given to the masses since this administration came into office
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Konjiboii: 10:48pm On Mar 01, 2025
Don’t cry for me Argentina
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by JuanDeDios: 10:48pm On Mar 01, 2025
Uche559:
Just when u r celebrating reduction in food price, they hit u with another one again n d cycle continues. But they say things r getting better. They will give u with right hand n still collect with left hand again.
N100 for 20k is far cheaper than POS withdrawal naa. If they start making cash available at the ATMs, which I believe is the objective, this works better for the public.
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