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CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 (36173 Views)

CBN Drops ATM Withdrawal Limit To N20k/Day / How To Earn N1,500 To Up To N35,000 Weekly From Branch Loan App / Breaking News: Cbn Slashes Banks’ Atm Withdrawal Fee From N65 To N35 (2) (3) (4)

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Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Sheedeensen(m): 9:05pm On Dec 22, 2019
This picture look like first bank building opposite post office lokoja. Abi i dey dream ni?
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Vokians(m): 9:05pm On Dec 22, 2019
Good because that N65 usually get me annoyed anytime I withdraw using the ATM. On top of my money again... What kind of market is that? Infact I will start saving at home- Easy Savings Easy Withdrawal.
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by jaxxy(m): 9:06pm On Dec 22, 2019
It’s about time. Atleast smbody is think about reducing the burden on the masses.

Apc seems to have lost touch with this.
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Ugo4hotish(m): 9:07pm On Dec 22, 2019
sassysure:
There shouldn't be any charges in the first place lipsrsealed

Lay man speaking

1 Like

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Ugo4hotish(m): 9:08pm On Dec 22, 2019
obembet:


This slashing is called corruption; because they're trying to ease the tension that would surely rise in January when tax will reach to climax in the country. So I really don't care!

You must be a banker.. Please help us enlighten Nigerians

1 Like

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Advancedman(m): 9:11pm On Dec 22, 2019
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Ugo4hotish(m): 9:13pm On Dec 22, 2019
BrutusOj:
At all. We pay for card maintenance, yet pay for transaction again. Only in Nigeria.

The ATM deduction is done by interswitch,
The people who communicate to your bank from the ATM to pay you.

Interswitch has staff working for them, that will be paid salaries.

1 Like

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by midnighter(f): 9:17pm On Dec 22, 2019
rexandyke:


sharap. you are not in the system and that's why you say so. Do you know how much it takes to buy and maintain the servers that make sure the ATMs are working? The maintenance fee from the companies that write the codes that help it run?

Whoever supplies the machines is supposed to provide a certain amount of free ones.

The entirety of ATM machines charging people to use them just because of belonging to an alternate bank is abnormal.
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Truthbites: 9:23pm On Dec 22, 2019
ainas247:


Its not about Google Adsense, You can do affiliate or sell product or services

Teacher teach me
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by yetunsbay(m): 9:26pm On Dec 22, 2019
Akposy:
Good news!!!

They should also reduce the charges on interbank transfer.

Compliments of the season. May this season bring us continuous joy and victory!
it been reduced also

1 Like

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by easzypeaszy(m): 9:27pm On Dec 22, 2019
sassysure:
There shouldn't be any charges in the first place lipsrsealed
so unity bank dat don't have much customer should now be Putin money in der ATM and Bc d unity bank is closer or d only bank within... U wl now bring ur Gt, UBA, Zenith and Union bank card to be collecting der money Abi....na dem born u now

1 Like

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Nobody: 9:27pm On Dec 22, 2019
itsme01:
cool


Nigerians would still complain after a while... but this is great i hope this wont force banks to reduce ATM location to save cost incured on managing the machine

since the introduction of the 65 naira charges ATM centers have being increased astronomically with private business centers and shopping malls having functional ATM, i pray we dont go back to days of where out of 10 ATM machines on a block only 2 would dispense, while some places ATM wouldnt even have power and no bank official would be willing to come



.

Those interbank ATM charges are not the only lines of incomes ATMs have.
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by itsme01: 9:29pm On Dec 22, 2019
Naughtysite:


Those interbank ATM charges are not the only lines of incomes ATMs have.

so which other ones do they have for them to render free atm service to people who dont bank with them
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Tjiaz(m): 9:33pm On Dec 22, 2019
I just withdraw now and they deducted #65 from my balance! When will it take effect?
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by BrutusOj(m): 9:34pm On Dec 22, 2019
Ugo4hotish:


The ATM deduction is done by interswitch,
The people who communicate to your bank from the ATM to pay you.

Interswitch has staff working for them, that will be paid salaries.
That should be the banks responsibility. How many people work with interswitch compared to the number of customers who pay for ATM maintenance fees monthly? What our banks do here is not obtainable in other part of the world. The deduction is too much.

1 Like

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by kbbanj10(m): 9:38pm On Dec 22, 2019
Long overdue remain another hell in the name of Stamp duties chargies
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by sakastin(f): 9:46pm On Dec 22, 2019
ainas247:
grin grin shocked Nice one,
some banks would not like this...

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fraudster cheesy
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by atobs4real(m): 9:46pm On Dec 22, 2019
sassysure:
There shouldn't be any charges in the first place lipsrsealed
The CBN governor emefele increased it in the first place. Why slatch it?
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by kyuniii(m): 9:49pm On Dec 22, 2019
Many of these to come until it becomes 0# bank charges in near future.
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by sylve11: 9:56pm On Dec 22, 2019
sassysure:
There shouldn't be any charges in the first place lipsrsealed

Na so. cool
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by netflicks(m): 10:04pm On Dec 22, 2019
justphillips:


Read brother!
undecided
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Frezzy123(m): 10:08pm On Dec 22, 2019
I commend this development...
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by bluecircle470: 10:33pm On Dec 22, 2019
Bewiseedet:
Good development

How’s it good?
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Enemyofpeace: 10:35pm On Dec 22, 2019
Rubbish. I won't praise you until it is completely removed
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Enemyofpeace: 10:35pm On Dec 22, 2019
bluecircle470:


How’s it good?
don't mind him
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by ainas247: 11:09pm On Dec 22, 2019
sakastin:



fraudster cheesy

??
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Prinsoul11(m): 11:18pm On Dec 22, 2019
Mad oh



That $29b loan, all of us go pay am
.

ainas247:


??

[color=#770077][/color]
Next level!!! of Wickedness[/quote]
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by UDOKABESTLUV(m): 11:24pm On Dec 22, 2019
ainas247:
grin grin shocked Nice one,
some banks would not like this...

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I will rank your website on Search engine
chat up now

How Much Do You Charge
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Dshocker(m): 11:28pm On Dec 22, 2019
Bastards
Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by IMASTEX: 11:37pm On Dec 22, 2019
obembet:


This slashing is called corruption; because they're trying to ease the tension that would surely rise in January when tax will reach to climax in the country. So I really don't care!
I second totally. I recognise a sensible person when I see one. One kid even quoted you saying nonsense. After paying ATM card maintenance fees, etc.

2 Likes

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Nobody: 11:39pm On Dec 22, 2019
BrutusOj:
At all. We pay for card maintenance, yet pay for transaction again. Only in Nigeria.
It's only u that made sense among those that qouted me.
I reside outside naija and use atm cards. No charge Whatsoever. And the banks are still making profits.
We are so used to abnormality we all assumed it's normal.
Thieves always ripping off on the masses every time

2 Likes

Re: CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 by Alfredah01: 11:39pm On Dec 22, 2019
Been along time I heard something good about this present administration, this the kind of development we need to reduce the burden of a common man on the street, not enriching some individual that will end up stealing the funds

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