₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,329,385 members, 8,440,351 topics. Date: Monday, 06 July 2026 at 08:20 PM

Toggle theme

Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal - Business (5) - Nairaland

Nairaland ForumNairaland GeneralBusinessBanks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal (31930 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 benzion72(m): 6:10am On Mar 02, 2025
Hope the charges will not apply to POS
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by aviara: 6:11am On Mar 02, 2025
This evil policy deserves our response through a strike action or possibly a protest. They can't continue taking us for a ride. This policy only favours the banks and govt, no one is talking about the impact on poor Nigerians.

APshit came to steal, kill and destroy.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Btruth: 6:18am On Mar 02, 2025
malali:
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.

.
lol.....thank you mate.

As in their on-site charges & off-site-charges nii jare.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by surgical: 6:37am On Mar 02, 2025
Orathird:
Banks will start loading the ATMs. It's time for them to start cashing out.

I cannot recall the last time I withdrew from the bank ATM
it is pay back time,they bankroll Tinubu during the elections, they are now reaping it
Elemelu of uba was the first person Tinubu personally visited after he won to say a big thank you
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by EDOSBROWN: 6:39am On Mar 02, 2025
Melagros:
COMRADES are speechless, I don't withdraw more than 10 thousand Naira cash from the ATM this days, these days I do most of my transaction via the app
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by lucianohase(m): 6:55am On Mar 02, 2025
Make all these things wey dem dey do make unexpected revolution start oh, because when it starts, it may be so bloody and uncontrolled. Images all these charges don make the minimum wage useless....
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by endisnear: 7:26am On Mar 02, 2025
This is very bad policy, everything changed data, calling, atm and food kilode
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by vikings1: 7:36am On Mar 02, 2025
When People are already abandoning withdrawing through ATM , you come still slap charge on top

The Gorvernment of this country need to sit down and think well for once !
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by CaptainJune: 8:08am On Mar 02, 2025
At this rate, it is safe to say Tinubu is Nigeria's economic Adolf Hitler, Benito Mussolini, and Joseph Stalin in one.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Finquas: 8:17am On Mar 02, 2025
MIKOLOWISKA:
why. Must he leave his money in the bank or vote for useless politicians?
What is dis one actually sayinghuh
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Love800(m): 8:19am On Mar 02, 2025
If your atm card expire, can you still do transfer? I thought you will need ur pin for the transfer?
TossTos:
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 Leviticuscreed: 8:23am On Mar 02, 2025
Sophisticated people with their sophisticated government. Lol

They thought it will only affect those in the southeast and south south.

To think that they Brought atm innovation to reduce queue in the banking hall and now they are going to reverse of those progress just because of the greed of a glutton in power and his agberos
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Love800(m): 8:25am On Mar 02, 2025
What do mean by email, in your write-up?
AnuOluwatomilol:
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 AkpaMgbor(m): 8:30am On Mar 02, 2025
Numerouno94:
It's been over 5 yrs I last withdrew using an atm machine. I either withdraw over the counter or via a pos agent depending on the amount.

The sad aspect to this is that it will greatly affect pos charges. We are going to witness a skyrocket in the price of pos charges.
I use pos for small cash in my pocket, I mostly use online transfer for my transactions. If you no go give me your account details then no business for me and you.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by YoungBlackRico(m): 8:34am On Mar 02, 2025
Obapluto:
Crypto don finish me
You put all your money?
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Teammc: 8:50am On Mar 02, 2025
Bro, you didn't read the last part which says "
CBN further clarified that Nigerians withdrawing less than N20,000 from another bank’s ATM will still be charged N100 per transaction."
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
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Teammc: 8:53am On Mar 02, 2025
Imagine being charged #500 per transaction for withdrawing #5,000 from an off site ATM.


Off-site ATMs, which are positioned outside bank premises in locations such as shopping malls, fuel stations, and other public spaces, will attract an additional surcharge of up to N500 per transaction.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MrJames007: 8:58am 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
Na why
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by MrJames007: 9:00am On Mar 02, 2025
AkpaMgbor:
I use pos for small cash in my pocket, I mostly use online transfer for my transactions. If you no go give me your account details then no business for me and you.
Exactly my style.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Sobalim: 9:22am On Mar 02, 2025
Magnumproperty:
N600 is much naaaa. Kilode.
Tinubu is a heartless man and this just the beginning.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Gandrova: 9:24am On Mar 02, 2025
I have never seen a wicked government like Tinubu's regime before undecided
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Walz001: 9:38am On Mar 02, 2025
a country that have no say will always welcome any law
This country is called Nigeria
If it's fight between two other countries you will see my people blabbing and shouting at each other ...


This is totally wrong and it's a bad policies
What brought about the charges
Why do we have to pay for 20,000 charges upward
What about the ATM charges already there
What is the money going to be use for

A country called Nigeria

Hmmmm I step aside for now
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by chatinent: 9:50am On Mar 02, 2025
Some people thought that since a thief was already wealthy, he wouldn't bother over taxpayer's money anymore. They forgot that the thief was preparing his life for the opportunity to steal to the last Kobo.
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by hatchy: 9:56am On Mar 02, 2025
Magnumproperty:
N600 is much naaaa. Kilode.
Kilo Gini....shebi una elect una tribal man, EscoBAT. He will do us well las las.
Everybody go collect.

Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by hartson: 10:07am On Mar 02, 2025
UDOKABESTLUV:
Source: https://tribuneonlineng.com/banks-begin-n100-on-site-atm-charges-n600-for-off-site-per-n20000-withdrawal/
Tinubu's mission from May 29 2023 was to kill and bury Nigeria kpatakpata
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by kafeii123: 10:09am On Mar 02, 2025
People should learn to use electronic transfers...that's all...indont know how much the tariff on that currently is..but I'm sure it will be way less
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Twemi(m): 10:09am On Mar 02, 2025
Nigerian government and extortion are 5&6
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Ishilove: 10:33am On Mar 02, 2025
BoldBrainz:
Even banks don dey collect POS charges😅. This country need Ijaw massage.
As in enh
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Ishilove: 10:35am On Mar 02, 2025
If these banks will load their machines then I will use ATMS instead of facing POS criminality
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Munzy14(m): 10:44am On Mar 02, 2025
This one na Federal Government POS na😂😂😂

Jagaban uwa

Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by ufotunang: 10:47am On Mar 02, 2025
[quote author= post=134356215]Many People Will Not Use ATM MACHINE ooo

To Avoid This 100naira And 600naira Charges.[/quote].. even if you go to POS center to withdraw 20,000 naira they will charge 700 naira
Re: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by Melodyinmyheart: 10:56am On Mar 02, 2025
Transfer method is the solution, via app or ussd code.
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

First Bank Rewards Top Performing Agents With Over 15 Million Naira (PHOTO)How To Stop Loan Sharks From Getting Your Phone ContactsASSBIFI Vow To Shut Down Operations Over Attacks On Bank Workers