₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,329,363 members, 8,440,250 topics. Date: Monday, 06 July 2026 at 04:39 PM

Toggle theme

Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessBanks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal (31924 Views)

1 2 3 4 5 6 7 Reply (Go Down)

Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by TossTos(m): 1:00am On Mar 02, 2025
That is to say , ATM usage will drop massively... This people are just giving away their customers to Opay and Palmpay with this levies.. when have I used my 4 ATMs last . I used one once last year and that was my Access Bank card .

As soon as expired , bye bye to ATM cards
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by DeOTR: 1:07am On Mar 02, 2025
Uche559:
Transportation cost to ur bank nko? Except if ur bank is close. From my house to my bank ATM is 600 naira keke. So to withdraw 20k, I will spend 700naira, how is it cheaper for me in particular?. N these banks still deduct numerous charges already ooo.
And imagine after entering keke to the Bank, ATM no come get cash?
The only time I use the ATM is when I just renew my card and test if it's working or not. Next time will be after 3 years.
I'll never make the mistake of depending on Nigerian bank's ATM card or app for any transactions.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MIKOLOWISKA: 1:14am On Mar 02, 2025
Finquas:
Hey god.. I pity the poor man grin
why. Must he leave his money in the bank or vote for useless politicians?
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MIKOLOWISKA: 1:15am On Mar 02, 2025
chidiokay:
Every avenue to extort and exploit Nigerians without cost reflective service

All the charges they've introduced, stamp duty, VAT, card maintainance, sms charge e.t.c ... network stil dey hang, machines are old model

whatever are we gaining overall undecided
what you voted for
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MIKOLOWISKA: 1:17am On Mar 02, 2025
Jokerman:
Why is Tinubu government tat just taking taking and taking from citizens, and giving nothing back??


Cos citizens are sheep and must be eaten by wolves

God forbid this kind of man in 2027.

No be same citizens that will vote for 1000 naira bribe?


What a wicked Rehoboam government
that majority voted for
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by tonididdy(m): 1:18am On Mar 02, 2025
Still beats pos small
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MIKOLOWISKA: 1:18am On Mar 02, 2025
Lamasta:
Tinubu just came to punish Nigerians
As they should be
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Goodman111: 1:34am On Mar 02, 2025
T-pain
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by sparko1(m): 1:39am On Mar 02, 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
Actually, it's now against regulation, ATM must dispense at least 20k.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Zico5(m): 1:55am On Mar 02, 2025
We are not yet ready. Let's continue to look on
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by cmikel: 2:09am On Mar 02, 2025
stano2:
What a country
While somewhile some counties are making money from other countries and sources your is busy milking it citizens to run it's gov
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by mukthar2000(m): 2:16am On Mar 02, 2025
withdrawals from a customer’s own bank ATMs remain free.



Na to Dey look for were by own customer BANK ATM b4 enter any shoprigh.

Who no get scence for this Niger na him do himself.

Any change in any Nigerian policy their is alway a readymade adjustment to tackle the policy.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Nyne: 2:44am On Mar 02, 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
If it’s possible to call together every serious person in Nigeria to protest. The theme would be : No going back, no matter what. The serious ones should fight for the unserious ones and everyone in general. Out of 200M Nigerians, We should see how many people would actually join. The thyme would strongly be : no going back no matter what.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by bentenny(m): 2:54am On Mar 02, 2025
Anyone expecting affordability under this administration is living in a fool's paradise!

Just like the last administration led by the incompetent and ineptitude Buhari,after increasing minimum wage,he will still collect the little increment through increased taxes!

Shege banza and the administration nah 5 and 6
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by yomifola(m): 2:55am On Mar 02, 2025
We are not easy in this country.. if we are, we will all go back in putting our money inside kolo 😂.. and we go dey do trade by batter with our money without bank involvement. If Dem see say we say no send their papa.. Dem go sit tight and adjust their useless rules and regulations.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by back2sender: 4:43am On Mar 02, 2025
May God save us from baba blue economics
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by galadima77(m): 4:52am On Mar 02, 2025
Jokerman:
Why is Tinubu government tat just taking taking and taking from citizens, and giving nothing back??

God forbid this kind of man in 2027.

What a wicked Rehoboam government
Amen ooo
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Cti28(m): 4:58am On Mar 02, 2025
Tinibu is heartless sha
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Amudeneogu: 5:01am On Mar 02, 2025
Nawa oo, this country self
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by jojothaiv(m): 5:06am On Mar 02, 2025
Nigeria is impossible.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by yusluvad(m): 5:09am On Mar 02, 2025
Worst administration ever in the history of Nigeria 🤣🤣
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by hkidola00(m): 5:19am On Mar 02, 2025
you want make stereoman sing again
BoldBrainz:
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 Malcolm21: 5:28am On Mar 02, 2025
I think it's time for Nigerians to hit the street in protest. Because this is gonna affect everything that uses pos be it filling station, supermarket, small shops with POS and everything
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by hkidola00(m): 5:29am On Mar 02, 2025
oil sales is for their pocket alone.. your tax is use to run the govt
Emco1:
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 hkidola00(m): 5:32am On Mar 02, 2025
gist me pal.. im interested in the story...is it euthereum or solana
Obapluto:
Crypto don finish me
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MrHighSea: 5:35am On Mar 02, 2025
Banks are competing with POS.

I rather patronize POS
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Chibuezem(m): 5:41am On Mar 02, 2025
UDOKABESTLUV:
Source: https://tribuneonlineng.com/banks-begin-n100-on-site-atm-charges-n600-for-off-site-per-n20000-withdrawal/
In a normal democratic country people will react and refuse with protests but here Nigerians will complain initially and then adapt with life moving on.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by AnuOluwatomilol: 5:53am On Mar 02, 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
You can be smart by having an account with a bank that has branches almost everywhere, like GTBank. I’ve changed my location four times, and I still have a GTBank branch close to me. I don’t even use POS. I withdraw 20k from my bank for things that don’t accept transfers. No alert charges because I selected email only, and no ATM maintenance charges. You can’t just open an account with any bank.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Dumte(m): 6:00am On Mar 02, 2025
Why is Peter Obi doing this to us? He is the one making life hard for Nigerians 😂😂
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by TheNature: 6:02am On Mar 02, 2025
Emilokan economic reform.
Lol
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by NwokoloOwa: 6:06am On Mar 02, 2025
Very useless policy that lacks any critical or innovative thinking
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by DeeScan: 6:07am On Mar 02, 2025
shogotermies:
The truth is a lot of these things were caused by POS operators.

You need to withdraw your 5k, meanwhile they are on the queue with 5 atm cards to withdraw as much as they can.

Some banks sells cash directly to them, and I can’t even remember the last time I used an atm machine.
Banks are not even ready to put money in the machines.

I guess the Govt was like, if you can pay 100 for your cash then you should be paying it directly to us.

But before we blame the CBN making these laws, let’s point fingers to ourselves.
The bankers selling the cash, the pos operator doing everything to get money off one’s hand,
Pos operators suppose dey nter bank collect their money nw ...


Which kind mugu be all those ones
1 2 3 4 5 6 7 Reply

It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦‎500, ₦‎1000Banks Begin Collection Of Old Naira Notes Despite CBN’s Denial Of DirectiveLagos Not For Me: Osun Man Laments As He Pays 600 For Printing A 3-Page Document234

In Dramatic Reversal , Naira Falls To N235/$1 AgainSale Of Polaris Bank: CBN Sets Record StraightFirst Bank Rewards Top Performing Agents With Over 15 Million Naira (PHOTO)