Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? - Business

Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? - Business - Nairaland

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Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? by Limitednow(op): 5:30pm On Oct 19, 2020

I regularly received credit transactions not exceeding 10 times daily and I observed about N50 is charged in each credit transactions in my accounts.

I want to ask if same is occurring in yours? I use Wema Bank.

Lalasticlala, please I need reactions to this.

Re: Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? by Olaide1295: 5:37pm On Oct 19, 2020

Limitednow:
I regularly received credit transactions not exceeding 10 times daily and I observed about N50 is charged in each credit transactions in my accounts.

I want to ask if same is occurring in yours? I use Wema Bank.

Lalasticlala, please I need reactions to this.

I use Sparkle ❇️
No charges at all

Re: Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? by jagaban002(m): 6:05pm On Oct 19, 2020

Any transaction from 10,000 upwards will charge 50 naira on savings account for stamp duty except if is agency account ,
And 50 naira for current account from 1,000 upwards that’s one of the bullshit that has to stop .
Sometimes I tell my customer that buy goods worth 10,000 to pay 9950 so the 50naira won’t go to tThe failed government

Re: Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? by Limitednow(op): 7:48pm On Oct 19, 2020

Olaide1295:
I use Sparkle ❇️
No charges at all

I have asked friends using other banks and they explained that nothing of such occurs in theirs.

Re: Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? by Limitednow(op): 7:48pm On Oct 19, 2020

jagaban002:
Any transaction from 10,000 upwards will charge 50 naira on savings account for stamp duty except if is agency account ,
And 50 naira for current account from 1,000 upwards that’s one of the bullshit that has to stop .
Sometimes I tell my customer that buy goods worth 10,000 to pay 9950 so the 50naira won’t go to tThe failed government

This is absurd.

Re: Is Your Bank Charging You N50 Stamp Duty On All Credit Transactions? by samsard(m): 7:52pm On Oct 19, 2020

Limitednow:
I have asked friends using other banks and they explained that nothing of such occurs in theirs.

I don't experience it with FCMB, but my Access account charged me stamp duty some months back, I no longer use it.

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