CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below - Business (3)

CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below (13043 Views)

1 2 3 Reply (Go Down)

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by AdUlAM(m): 3:06pm On Apr 25

It's too late to apologize.. it's too late!!

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by Jack83: 3:15pm On Apr 25

Why are people celebrating this stupid retrogressive policy? Why charge for onsite ATM use and on transfer of 5000 and above?
Terrible government

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by Mountbatten: 3:17pm On Apr 25

In most countries around the world, you don't get charged these exorbitant fees. These fees are the only reason these banks declares profit because the economy is so bad they can't offer credit facilities to eligible customers for sustainable profit.

2 Likes

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by Mountbatten: 3:18pm On Apr 25

Jack83:
Why are people celebrating this stupid retrogressive policy? Why charge for onsite ATM use and on transfer of 5000 and above?
Terrible government

The average Nigerian lacks the level of intelligence required to comprehend most of these absurd policies. They fail to understand the long term implications on their financial wellbeing.

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by Mountbatten: 3:22pm On Apr 25

LibertyRep:
This is a good development.

Why are some people wired to negativity.

At least give credit where necessary and criticize when there's a need to

Give credit? I don't know how old you are but we never used to have these ridiculous charges. There's nothing to celebrate here.

1 Like

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by Inosky: 3:52pm On Apr 25

They will still charge you the same cost for SMS N12 per transaction, even if you like transfer below 5k.
ATM card now up to 1,500 from 1000.
ATM Withdrawal from other banks' ATM above 20,000 = N500,
POS will still charge you N200 for 5k withdrawal.
No charges but indirect increase in taxation if you can't see that.

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by saintbillion(m): 3:57pm On Apr 25

Gboss247:
Bank managers or the CBN reducing minimum taxable transfers from ₦10,000 to ₦5,000?

Both bro.

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by Flexyup: 3:59pm On Apr 25

I am impressed, nairalanders have applauded a good move without tribalising or personal the new development. Weldone! We condemn what's bad and commend what is good without sentiments.

Re: CBN Scraps Card Maintenance Fees, Waives Charges For Transfers Of N5,000, Below by kafeii123: 4:11pm On Apr 25

Thank God...Emefiele did everything possible to enrich his banker colleagues and friends. Hopefully his many anti citizen policies get reversed.

Only in nigeria are u charged account maintenance charge plus all the other senseless others