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CBN Introduces New Charges On ATM Cards, Cheques - Business (8) - Nairaland

Nairaland ForumNairaland GeneralBusinessCBN Introduces New Charges On ATM Cards, Cheques (63931 Views)

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Re: CBN Introduces New Charges On ATM Cards, Cheques by possibilita(m): 7:38am On Mar 16, 2016
We will pay every Nigerian youth and Unemployed Graduate 5k every month-APC during campaign.
But the truth is,they would be taking that 5k from all Nigerians every month.
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nobody: 7:41am On Mar 16, 2016
kennyman2000:
I see people bypassing bank transactions with all these charges. Some banks will surely lose customers as people with 2 or 3 bank Atms will have to stick to one bank.

Whatever Buhari chop from us. Its well. 2019, make him just pack him load.
u re right...I will withdraw all my cash and stick to diamond bank....chai...this fees too much abeg shocked
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nickymezor(f): 7:44am On Mar 16, 2016
Hmmm, Buhari has really failed us oo... One chance Change it is... SMH.
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nobody: 7:45am On Mar 16, 2016
Adeniyimi:
May God help us oooo. So some people still complain about #100 per month charges....
Are you ok? The multiple charges from these operators are not enough for them?
Re: CBN Introduces New Charges On ATM Cards, Cheques by Fadekebisola(f): 7:48am On Mar 16, 2016
Martins301:
Godwin Emiefele is a thief. You said my mind 100%. The worst part is he is an Igbo man. Very greedy and selfish people. Sanusi didn't do this rubbish and he wasn't Igbo.
i dont think he is igbo....he is a niger deltan
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nobody: 7:50am On Mar 16, 2016
davidphilip:
I know most people don't pay tax and dey know dem selves here so it a way of milking it out of deir acct, but still let hope on the money being used properly to benefit everyone
It wouldn't my brother. The system is still corrupt
Re: CBN Introduces New Charges On ATM Cards, Cheques by esaias1(m): 7:50am On Mar 16, 2016
this is corruption cry
Re: CBN Introduces New Charges On ATM Cards, Cheques by realjennyTuz: 7:52am On Mar 16, 2016
seunmsg:
What will Buhari benefit from ATM card charges?

Is the charges going into the coffers of government or the banks?

Just like I said on a thread earlier today, we apportion blames based on sentiments and emotions instead of common sense and pragmatism. Instead of calling out the greedy banks and their CBN collaborators, most of you are shouting Buhari. What has Buhari got to do with this?
I won't call u a fool here to avoid beign barned.. But I actually knw ur typ..na ur typ go blame oga Jona for trailer wey fall for road..nw wey buhari don dy. F.up u go stil blame jona...buhari is d president and if things r getting dis hard for d people he is representing who is supposed to intervern? My late father abi? Shift abeg
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nobody: 7:55am On Mar 16, 2016
The question is can can wr all take our docile and mumu heads to the streets to protest until this shittt is reversedhuh. .. Can we behave as one for once and let the government know that we can affect their choiceshuh
Re: CBN Introduces New Charges On ATM Cards, Cheques by adeyeye5353(m): 7:59am On Mar 16, 2016
It make no sense? Just a mist to accumulate money from poor people, and put hardship to the lower level of Nigeria citizen, God will fight against who presume this policy
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nobody: 7:59am On Mar 16, 2016
Freshboi:
Many of you are showing like twats. How many of you pay taxes? In developed countries that we run to, the tax regime is strong. That is why UK and USA and the rest have developed. In this regime, we have peaked 4000mw.. Something that never happened during the Gej Era. The government is seeking innovative ways to finance the economy and we are here lamenting. What part have you played to expose corruption? Many of you shouting are simply Wailers.. Hungry Wailers
Are you ok? Those developed countries are less corrupt than ours. Their taxes are put into use while ours are embezzled. Common pension contribution was embezzled by one politician not even talk of some states that pay half salary per month
Re: CBN Introduces New Charges On ATM Cards, Cheques by EbirichBen(m): 8:01am On Mar 16, 2016
seunmsg:
What will Buhari benefit from ATM card charges?

Is the charges going into the coffers of government or the banks?

Just like I said on a thread earlier today, we apportion blames based on sentiments and emotions instead of common sense and pragmatism. Instead of calling out the greedy banks and their CBN collaborators, most of you are shouting Buhari. What has Buhari got to do with this?
So the Apex bank does not have anything with the FG.
who appoint it's MD ( the governor), the money received by the Apex bank goes where?
All I know is that Buhari is the CEO of the Apex bank.
because the MD (The Governor) reports to him.
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nobody: 8:04am On Mar 16, 2016
obailala:
This desperation of the government to raise revenue by all means in the face of the oil crises is taking its toll on the popularity of the regime.

But then, for those saying this doesn't happen in other countries, 'travel and see' is the best advice. Nigerians dont pay tax, but then again, taxing can't just be slammed instantly on everyone (including even students).
Those countries have a working government while ours is dubious and greedy
Re: CBN Introduces New Charges On ATM Cards, Cheques by daneni1(m): 8:08am On Mar 16, 2016
Did d govt know dat all of these charges might lead to liquidity trap, where individuals prefer to hold money in hand rather than save in bank. However, to make life easier dey should reduce interest rate so one can invest ooooooo.
Re: CBN Introduces New Charges On ATM Cards, Cheques by kunlej2: 8:29am On Mar 16, 2016
even the ATM card is suppose to be free with all these meted charges
Re: CBN Introduces New Charges On ATM Cards, Cheques by missjahiniekpe(f): 8:35am On Mar 16, 2016
2n2k:
Are you giving a lecture on the functions of CBN or commenting on the specific issue of bank charges which the thread is about?

Bankers Tariffs are incomes to the banks not to CBN or Government. They were usually reviewed yearly in the past but of recent, the review has changed to every 3 years. It is co-ordinated and regulated by CBN so that there will be uniformity in bank charges nationwide.

The document on latest 2016 tariff (still at exposure stage) which will replace the 2013 version from where the OP extracted what caught his fancy is actually 68 pages containing all bank charges even for smiling at a beautiful cashier smiley.

You can download it from the CBN website and challenge your bank if it wrongly charges you.
Your argument was that we shouldn't blame the government but CBN, isn't it? And i said CBN is a government patastertal whose function include mobilization of funds for the government, meaning the CBN and the federal government works hand in hand.... Incase you don’t know the Tax they impose on us is part of their efforts to boost its revenue base, the federal government of
Nigeria is exploring revenue opportunities in
the non-oil sectors especially taxes and
rates. It is in recognition of this fact that
banks and other financial institutions are
enjoined to support government’s revenue
drive through compliance with the
provisions. We have every right to wail at the presidency because he is not thinking about the common man.........
Re: CBN Introduces New Charges On ATM Cards, Cheques by Bimpe29(m): 8:36am On Mar 16, 2016
This is becoming too much and unbearable. I have never regretted my my support for Muhammad Buhari's candidature. But, let the so called CHANGE be adequately and positively seen and felt. Consider the masses in any policy that is being rolled out.
Re: CBN Introduces New Charges On ATM Cards, Cheques by Nobody: 8:41am On Mar 16, 2016
coachwilcox:
Nope. The idea is to encourage a cashless society to discourage corruption.

Online payments, mobile money and card transactions are to discourage a corrupt society.
bro banks charge a hundred naira for online transactions BTW banks. This has nothing to do with encouraging a cashless policy.
Re: CBN Introduces New Charges On ATM Cards, Cheques by FreeBoss: 8:42am On Mar 16, 2016
Do our leaders want to kill us? Who will they milk and fleece when we die?
Re: CBN Introduces New Charges On ATM Cards, Cheques by franklingud(m): 8:45am On Mar 16, 2016
ndi a egbuo ndia, chinekeeeee! N200 if I use my atm on my bank. and 265 on other banks. wow!
Re: CBN Introduces New Charges On ATM Cards, Cheques by Dee60: 8:46am On Mar 16, 2016
APC is finished!
Re: CBN Introduces New Charges On ATM Cards, Cheques by makabulchi(m): 8:47am On Mar 16, 2016
They would deny it before 6pm 2day.
Tick Tock.....
Re: CBN Introduces New Charges On ATM Cards, Cheques by multicolored(f): 8:49am On Mar 16, 2016
Government of hardship....God,please, save us o o o..
Re: CBN Introduces New Charges On ATM Cards, Cheques by Piro4rl(m): 8:51am On Mar 16, 2016
OH GOD, HELP NIGERIAN GOVT TO LEAD US WELL.
Re: CBN Introduces New Charges On ATM Cards, Cheques by phemybof(m): 8:52am On Mar 16, 2016
with all comments above,i can see that Nigerians wanna reap where they dont sow,u want good road,electricity,water,etc... and u dont wanna pay direct or indirect tax. all advance country of d world manage better with tax. if you pay tax out of ur hard earned income,yuo wont see an aledge corrupt leader going to court with 66lawyers or liars and start hailing him/her. the discovery of petrolem in d first place was not a blessing to Nigeria
Re: CBN Introduces New Charges On ATM Cards, Cheques by aisammy4: 8:59am On Mar 16, 2016
seunmsg:
What will Buhari benefit from ATM card charges?

Is the charges going into the coffers of government or the banks?

Just like I said on a thread earlier today, we apportion blames based on sentiments and emotions instead of common sense and pragmatism. Instead of calling out the greedy banks and their CBN collaborators, most of you are shouting Buhari. What has Buhari got to do with this?
Well Said. All this is just the doing of Emefele. Buhari should sack him before he inflict his PDP curse on this New government. People are not being reasonable by referring every CBN policy to Buhari. Yes, Buhari is the President, but Emefele is making laws too stringent for Nigerian to bear.
Re: CBN Introduces New Charges On ATM Cards, Cheques by dacovajnr: 9:01am On Mar 16, 2016
Thank God I inherited Clay Kolo from my late Grandmother who had told me to be prepared for this..Make I go dust am undecided
Re: CBN Introduces New Charges On ATM Cards, Cheques by aisammy4: 9:03am On Mar 16, 2016
UrbanMystique:
Sack emefiele now
Sake Emefele Now
Re: CBN Introduces New Charges On ATM Cards, Cheques by innoachukw(m): 9:06am On Mar 16, 2016
if this is true, then it's pure wickedness.
Re: CBN Introduces New Charges On ATM Cards, Cheques by austelright(m): 9:07am On Mar 16, 2016
I'm almost regretting why I voted for APC, this government is criminal. charges here and there. A time will come and they will tell us before we buy food stuff from the market that we would have to pay for entry into the market.
If PDP has done the needful I don't think I would have voted this criminals in power.
Re: CBN Introduces New Charges On ATM Cards, Cheques by OZAOEKPE(f): 9:11am On Mar 16, 2016
Clerverly:
Na Thunder go Fire una there!
grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin

zombie don vex
Re: CBN Introduces New Charges On ATM Cards, Cheques by Emmacolinho(m): 9:32am On Mar 16, 2016
This is just too much. #LetNigeriaDivide. Biafra Ascerta
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