Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st - Business (2) - Nairaland
Nairaland Forum › Nairaland General › Business › Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st (16727 Views)
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Inspirer1: 10:43am On Dec 31, 2025 |
Aggressive collection of money from the downtrodden |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by MaziObinnaokija: 10:43am On Dec 31, 2025 |
Their headache.What about all them dey charges b4? ATM maintenance,card,sms.etc .GTB dey debit me 1786 apart from alert charge oo |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by AfahaAbia(m): 10:43am On Dec 31, 2025 |
Oya calculate N50 stamp duty to thousands of transfers that happen every hour in naira😂 |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Enddy50ty(m): 10:44am On Dec 31, 2025 |
I have been paying that for some months now |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by omoredia: 10:44am On Dec 31, 2025 |
I trust a white man over our own black leaders anytime and any day. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by ogashman(m): 10:45am On Dec 31, 2025 |
Richtaiwo:Lol..... remember you must not complain. Stop remarketing Nigeria |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by CaptainFM1: 10:45am On Dec 31, 2025 |
Na to dey do #9999 na! That way both the transfer and the receiver will not be charged. Why pouring more water into the ocean for corrupt polithiefians to steal more? |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by SonofElElyonRet: 10:46am On Dec 31, 2025 |
gloryman91:But you never die before nawu.. dead men don't comment ![]() |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by omojeesu(m): 10:47am On Dec 31, 2025 |
Neo-colonialism and Internal colonialism in sync: Deceive, Enslave & Exploit! |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by intruder15(m): 10:48am On Dec 31, 2025 |
BlackViper:It's better this way. Let the sender bear the cost of the EMT levy. Person go say I have sent you 20k. Whereas you go receive 19,950 because of EMT Levy. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Jayce242: 10:48am On Dec 31, 2025 |
mascot87:They were only charging for receiver before now, now it is both sender & receiver. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by molas02: 10:50am On Dec 31, 2025 |
How is this a news. Abi no be the 50 they have been deducted for the past month? |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Jayce242: 10:50am On Dec 31, 2025 |
jmoore:No, now both sender & receiver will be charged. Making a total of 100 naira stamp duty. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by anonimi: 10:51am On Dec 31, 2025 |
Kingsland24:We must all contribute tipatipa by force to Tinubu's plan to succeed where Obasanjo failed with his Ghana must go bags of bribes to NASS members in 2007. Cameroon's Biya has a great student in Tinubu, with the help of France. https://www.youtube.com/watch?v=vPytmuhYDAU |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Jayce242: 10:52am On Dec 31, 2025 |
Lanretoye:Now both the sender & receiver will be charged. Adding additional 50 naira. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by obonujoker(m): 10:54am On Dec 31, 2025 |
Criminal government. Always collecting from citizens but never giving anything back in return |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by anonimi: 10:54am On Dec 31, 2025 |
Inspirer1:If it worked in Lagos for Agbero Poverty Congress, APC then it must work for the entire country as Almajiri Poverty Congress. Same winning strategy over 200 million mumus that has worked for 26 years in Lagos for 20 million mums. https://www.youtube.com/watch?v=dMWUS1W_ITc |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Jayce242: 10:54am On Dec 31, 2025 |
molas02:It is news because they were only deducting for receiver. But from tomorrow, they will start deducting another 50 naira for sender, making a total of 100 naira stamp duty. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Brendaniel: 10:56am On Dec 31, 2025 |
Richtaiwo:No o, you don't need to be confused, the 53 naira you pay then was just your bank charge for transfer, had nothing to do with VAT, already there was 50 naira VAT for every 10,000 you receive, now there will be another 50 naira for every 10,000 you send also, so let's sum up all the charges for every 10,000 naira and above you send. 1. Your bank transfer charge - 53 naira 2. Tinubu's VAT for sender - 50 naira 3. Tinubu's VAT for receiver - 50 naira Total - 153 naira for every 10,000 for you, hope you understand now, so you can keep supporting Tinubu so he can keep adding more charges for you... |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by correctyourself(m): 10:56am On Dec 31, 2025 |
They're done looting the money that was returned to Nigeria from Abacha account. This is another office, una well done oooo |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by oluwasegxzy(m): 10:56am On Dec 31, 2025 |
GTBank has been charging more than that per transaction |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Brendaniel: 10:57am On Dec 31, 2025 |
mascot87:You don't need to be confused, there is 53 naira you pay when your bank charge for transfer, had nothing to do with VAT, already there was 50 naira VAT for every 10,000 you receive, now there will be another 50 naira for every 10,000 you send also, so let's sum up all the charges for every 10,000 naira and above you send. 1. Your bank transfer charge - 53 naira 2. Tinubu's VAT for sender - 50 naira 3. Tinubu's VAT for receiver - 50 naira Total - 153 naira for every 10,000 for you, hope you understand now, so you can keep supporting Tinubu so he can keep adding more charges for you... |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Ibehchizzy: 10:58am On Dec 31, 2025 |
Richtaiwo:the 50 naira really touch you brokie |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by seunmsg(m): 10:58am On Dec 31, 2025 |
They’ve been charging this already. Maybe some of you have not been paying attention to your bank statements. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by oyeb15: 10:58am On Dec 31, 2025 |
After stamp duty, the bank itself will still deduct addition #40 |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by anonimi: 10:59am On Dec 31, 2025 |
Richtaiwo:How can you be confused about how Tinubu has been hitting his higher revenue target in August so he does NOT have to borrow money anymore ![]() https://www.youtube.com/watch?v=E1p2_kaKV6g |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Saladdin: 11:00am On Dec 31, 2025 |
iwaeda: ![]() |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by uzhiyeka(m): 11:00am On Dec 31, 2025 |
Me na 9999 be my code of transfer now. |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by MaziObinnaokija: 11:02am On Dec 31, 2025 |
dem still charge 107 or if u use other bank ATM |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by anonimi: 11:04am On Dec 31, 2025 |
Ibehchizzy:Is that not surprising for someone who has been getting free daily palliative bread to sing Tinubu's - On Your Manhood We Stand Glimpsetv: |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by snowball11(m): 11:05am On Dec 31, 2025 |
A very CORNfused government with parochial supporters! ![]() |
| Re: Banks To Start Charging ₦50 Stamp Duty On Transfers Above ₦10k From January 1st by Tayorshd87(m): 11:08am On Dec 31, 2025 |
They have been doing that before sir so it's not new |
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Their headache.What about all them dey charges b4? ATM maintenance,card,sms.etc .GTB dey debit me 1786 apart from alert charge oo

dem still charge 107 or if u use other bank ATM