*Nigerian Banks have finished this Nation!*

They are silent killers and unarmed robbers.

If you're in doubt, below are series of charges always placed on innocent customers in a single banking transaction.

1 VAT.
2. Account maintenance charges
3. SMS alert charges
4. Transfer charges
5. Postal STAMP DUTY charges
6. Weekend charges.

Now, the Apex bank, the unarmed robbers' boss introduced a CASHLESS ECONOMY whereby everyone does not need to carry cash for any transaction.

The problem is this: I am Cement Trader. The landing cost of a bag of cement is #2,550 while we sell #2,600. That is a profit of just #50 per bag of cement.

Now on every 2 bags of cement, a customer transfers #5,200 into my account due to CASHLESS policy and my profit is #100.

To my amazement, the bank deducted the following on that transaction!

1. #53 transfer charges.
2. #100 Postal STAMP duty.
3. #6.98 VAT.
4. #76 SMS alerts charges.
5. #93.13 account maintenance charges.

If that was not enough, on every single transaction, both account FROM which money is being transferred and the account TO which money is being transferred were charged for same transaction.

If you're in doubt, find out by requesting for your account statement.

Don't forget the bank had already laid off and reduced number of staff due to self service banking system o because more customers don't have to visit banking hall for transaction again.

So. Amount being paid on salaries and allowances of staff has dropped.
Did the CBN Governor or FED government know what they are doing at all.?

Or it was a deliberate act of exploiting the poor citizens?
So, we are now being tricked, enslaved by Government and the Bank?

This government will still come and collect income tax, trade permit at both state and federal level.

Who do we offend in Nigeria for us to have such extremely bad leaders, worst agencies and bad Nation like this?

No wonder businesses are folding up and liquidated on daily basis!?!

No wonder people now bury cash in cemeteries and farms?
Our Senators and House of Rep members who are supposed to be vanguard of the common people are not but a curse as well.

Who will put an end to all this injustice?

While I run around in the rain and sun for business to survive, the bank management just sit back in air conditioning and relax to feed on our sweat.
Very soon, they will complain of shortage of cash in circulation because people will find alternative savings and security for the cash.

*Please, kindly help repost until it gets to the appropriate authorities to end the Nigerian Bank madness.*

Nigerias lawyers do something about this above-mentioned

Not all banks deduct these charges you listed out here moreover it depends on the type of account you opened with these Banks

pheelhip:
Not all banks deduct these charges you listed out here
moreover it depends on the type of account you opened with these Banks

please could you explain further?

That is what you get when the citizens only protest on social media.

The internet has made Nigerians docile

The one that pains me the most is "ATM card maintenance"..a card that is inside my wallet.its not like they wash it and rubs cream on it.

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Who are you hiding or trying to save?
Please mention the bank and let others recommend a better bank for you.

Some banks like Access, GTBank and UBA are not for daily transactions. GTBank charges me up to 400 Naira monthly on SMS I don't need.

I'll turn it off via my online dashboard, and it miraculously turns on after few hours.

The best thing is for people to switch to all these digital banks to avoid some of these meaningless charges

Digital banks like kuda, Mint, rubies are still better than some of these useless ones

I blame Nigerians for this

Op, what are you talking about, the charges you listed are not true as regards to the transaction claimed.
On the ₦5200 deposit (assuming it's a current account)
1. #53 transfer charges. (No transfer charge for you the receiver)

2. #100 Postal STAMP duty. (It's ₦50 for ₦10000 above, so this is false)

3. #6.98 VAT. (You are not the sender so no vat for you, also vat for that sum is 7.5% of about ₦20)

4. #76 SMS alerts charges. (Sms alert is ₦4)

5. #93.13 account maintenance charges. (₦1 on every₦1000 received)
So op, why are you lying?
Also, why is the bank nameless?

OP, open a Standard Chartered account and you'll never regret it. No charges. Everything is free and the actually gives interest on the amount in your account.

Fund/Use carbon app. First 30 transaction of the month is free. Thank me later

wisdomkid:
Who are you hiding or trying to save?
Please mention the bank and let others recommend a better bank for you.

Some banks like Access, GTBank and UBA are not for daily transactions. GTBank charges me up to 400 Naira monthly on SMS I don't need.

I'll turn it off via my online dashboard, and it miraculously turns on after few hours.

So which bank is the best? I was planning on opening an account with gt bank but after seeing this am discouraged

emae009:
OP, open a Standard Chartered account and you'll never regret it. No charges. Everything is free and the actually gives interest on the amount in your account.

Does it include service act..

Nigeria currently is not good for business.

wisdomkid:
Who are you hiding or trying to save?
Please mention the bank and let others recommend a better bank for you.

Some banks like Access, GTBank and UBA are not for daily transactions. GTBank charges me up to 400 Naira monthly on SMS I don't need.

I'll turn it off via my online dashboard, and it miraculously turns on after few hours.

Lol
I was about to ask you that did it work?

Untill i saw

It miraculously turns on after few hours!


The thing just off me

I started laughing hard here


This sick GT bank charged me 290 for sms charges just last month

Thats why i prefer using OPAY to make my transfer!

Corporate robbers everywhere.
Nigeria is not safe.

Lisaint:
Thats why i prefer using OPAY to make my transfer!

Opay account can be used to receive salary abi? Or be used to pay for jobs done.

Funny guy

OlujobaSamuel:
Op, what are you talking about, the charges you listed are not true as regards to the transaction claimed.
On the ₦5200 deposit (assuming it's a current account)
1. #53 transfer charges. (No transfer charge for you the receiver)?

I transferred N40k from GTB to Access Bank.



I was charged for the transfer and the person received N39.9k.


N100 was deducted

How do you explain that?

PlsBanMe:


Opay account can be used to receive salary abi? Or be used to pay for jobs done.

Funny guy

As you can see i quote a comment above !

And also I said that’s ‘’ why I prefer to use OPAY to make transfer’’


Let’s try to read and understand first
Before we try to act
Funny

we have never had it this bad.
who will undo these bad policies and for how long where are going to live with these, no one knows.


as for me, now am adopting our grandpa savings methods. underground all the way.

yunglegend99:
So which bank is the best? I was planning on opening an account with gt bank but after seeing this am discouraged

Zenith is the best while Access is the worst

Kondomatic:
I transferred N40k from GTB to Access Bank.



I was charged for the transfer and the person received N39.9k.


N100 was deducted

How do you explain that?

The beneficiary should received ₦39950
While you the sender should be charged ₦52:50k
If there is any discrepancies, mail your bank or engage them online.
I sometimes do my statement analysis myself without even waiting for it from the bank.
I don't use sms, and my account is non interest yielding, although savings account, so it's easy for me to do my month statement

November1857:
Does it include service act..

what do you mean by service account??

Me that dont av any money in my account what do they want to remove sef..Lolz

So much propaganda

azmanaty02:


Zenith is the best while Access is the worst

azmanaty02:


Zenith is the best while Access is the worst

Am curently using acess so i can relate its really terible, zenith is my second choice after gt bank so now i'll go for zenith. thanks!

merieam16:
Me that dont av any money in my account what do they want to remove sef..Lolz

The moment you deposit, all the accumulated charge is waiting for you ..lolz

Op try standard chartered everything is free..
Sometimes I wonder if the bank will make much profit....

Lisaint:




As you can see i quote a comment above !

And also I said that’s ‘’ why I prefer to use OPAY to make transfer’’


Let’s try to read and understand first
Before we try to act
Funny

Very funny.

If you are transferring from your bank to opay, don't you incur bank charges?

Besides, what of problems of failed transfer. I personally have one am battling with since April when the funds were not deposited into my opay account but deducted from my bank because I wanted to cut off some of the bank charges.

FYI: I am a registered opay agent.

all these banks can frustrate someone,that’s how i opened a zenith bank account last year january for private savings and before i could even save a dime in the account by month end i received a debit alert for card mentainance,giving me a negative balance even without any transaction yet and it keeps accumulating even when i decided i won’t use the account anymore.

another one is when you have 100k in your account,they will just wait until the day u want to use the exact 100k before u realize that 100 naira has been deducted for stamp duty charge or some stupid charges...this one even weak me yesterday cos e just scatter my balance

another one is if dem give you loan,they will charge over 20% interest but if u fix or invest money with them,they will give u less than 5% return.

the funny thing is that the govt has made this banks almost unavoidable for citizens with their policies.