Omo see country.

techmo:


In UAE, on my NBAD account never am I charged a penny for any transaction, and this is because all transactions are basically handled electronically, and my deposited fund is invested frequently giving. Them required profit to run the Banking Software Finacle needed for simple transaction

Why charge customers for a failed transaction when this can happen for various reasons which are not intentional



.

This is a general banking procedure in most countries nah.......


Why issue or agree to a mandate and not ensure you have adequate funds, when funds are called.......

Globad:


How is the country wicked for this?

Shouldn't a dud cheque or a failed transaction come with charges or a penalty? What of the charges incurred by those two processed it? Who will pay?

If you don't have enough balance in your account, don't issue a standing order or direct debit, or cancel the one you have issued.

It is irresponsible to issue or sustain a direct debit on unfunded accounts. It's also criminal if it's for a service that you have already enjoyed.

On this one, I don't see why Nigeria is a wicked country as you have said unless you're willing to educate me on it.

They dont know that EFCC can prosecute you for a dud check sef..

Banks are Bigger Fraudsters than Yahoo Boys

jojofola:
Piggy vest is the new deal abeg.

How I wish they will adapt credit card withdrawals. They've saved me a lot.

frankson1:




Why can't you people just take a few more minutes to read and digest before committing

Come and beat us.

then the bank collabo with the network providers to make some transactions fail at all cost

Honestly, CBN has run mad under this demon called Godwin Emefiele. Are banks penalized immediately and required to pay customers for failed transactions caused by them? No! This useless CBN gave them deadline to reverse funds before they are penalized. Sometimes they exceed the deadline and get away with it. But to debit customers account for frivolous excuses dey hungry dem. Bloody corporate thieves!

A country where the government keep milking it's citizens.

techmo:


In UAE, on my NBAD account never am I charged a penny for any transaction, and this is because all transactions are basically handled electronically, and my deposited fund is invested frequently giving. Them required profit to run the Banking Software Finacle needed for simple transaction

Why charge customers for a failed transaction when this can happen for various reasons which are not intentional



.

Don't agree a DD mandate or SO, if you don't have adequate funds.......

Financial discipline is KEY.........

We are just defrauding ourselves.
This life no balance ooo

techmo:
Wicked Country

Season of Oppression, any-thing-goes Govt

But people too should not setup or cancel a Direct Debit on their Account, if they know it wont go through because their account is not funded.
Its like giving a dud Cheque.

Globad:


How is the country wicked for this?

Shouldn't a dud cheque or a failed transaction come with charges or a penalty? What of the charges incurred by those two processed it? Who will pay?

If you don't have enough balance in your account, don't issue a standing order or direct debit, or cancel the one you have issued.

It is irresponsible to issue or sustain a direct debit on unfunded accounts. It's also criminal if it's for a service that you have already enjoyed.

On this one, I don't see why Nigeria is a wicked country as you have said unless you're willing to educate me on it.

From your submission and OP, commonsense dictates that there be provision for checking of balance that will cost free. I should have a way of checking my account balance before transaction to avoid incurring such erroneous charge.
Someone whose account has been compromised may not realize there too low balance.

Globad:


How is the country wicked for this?

Shouldn't a dud cheque or a failed transaction come with charges or a penalty? What of the charges incurred by those two processed it? Who will pay?

If you don't have enough balance in your account, don't issue a standing order or direct debit, or cancel the one you have issued.

It is irresponsible to issue or sustain a direct debit on unfunded accounts. It's also criminal if it's for a service that you have already enjoyed.

On this one, I don't see why Nigeria is a wicked country as you have said unless you're willing to educate me on it.

The person you’re quoting didn’t read the report. Only read headline and made comment.

They gonna start charging us for sexing our women.

tofolo:


They dont know that EFCC can prosecute you for a dud check sef..

Most of them are ignorant

This clueless government is just looking for any avenue to mop up some dough.

It can only get crazier and crazier...

techmo:
Wicked Country

Very wicked

Lexusgs430:
This is a general banking procedure in most countries nah.......


Why issue or agree to a mandate and not ensure you have adequate funds, when funds are called.......

You dey mind them?

techmo:
Wicked Country

I did not see the wickedness you saw because it makes no sense carrying out a transaction when you are not sure of the balance in your account..

Sarmiz24:

What of failed transaction due to banks technical issue?? Don’t try to sound wise and end up being the fool

The charges were imposed following a CBN directive earlier this year that directed banks to penalise customers who initiate direct debit transactions on their account but lack funds to complete the transaction.

If there’s no money at the time of the failed transaction, the charge will be withdrawn from the account whenever it is funded, IBTC said.


I believe it's short enough for you to read.

Big Tech companies in Nigeria will receive this hit, especially with they get their monthly charges (eg AWS), we told Nigerians, stop supporting Buhari, they refused, Buhari might be the Antichrist

The policy is for "Standing Order" transactions. Is not for every failed transactions as many people misinterpreted it.

Like if you instruct your bank to debit from your account to make third party transaction on your behalf, let said every 25th of every month; your bank should make payment of 50k to so so account.

Make sure before 25th your account is credited to effect the transaction, if not you will be charged if bank should try that transaction as been instructed and failed due to lack of fund in your account.

bluefilm:
This clueless government is just looking for any avenue to mop up some dough.

It can only get crazier and crazier...

Some of you are quick to condemn everything and call the government clueless even on issues that you don't understand

The people that wrote the article deliberately chose a dodgy headline and did all they could to obfuscate the meaning of the actions in order to get a reaction out of Nigerians (and I'm not surprised that it's by "People"s Gazette" ).

frankson1:

[/b]




The charges were imposed following a CBN directive earlier this year that directed banks to penalise customers who initiate direct debit transactions on their account but lack funds to complete the transaction.

If there’s no money at the time of the failed transaction, the charge will be withdrawn from the account whenever it is funded, IBTC said.


I believe it's short enough for you to read.

It is faster for his likes to throw insults than to read and understand

naptu2:
The people that wrote the article deliberately chose a dodgy headline and did all they could to obfuscate the meaning of the actions in order to get a reaction out of Nigerians (and I'm not surprised that it's by "People"s Gazette" ).

You're right

This is not new, banks have always charged for failed transactions

Karlovich:
, From all of us at vulturebbqgrills we thank you our darling daddy for the extreme wickedness you have bestowed on your adopted country. Everything has been turned upside down since you assumed the rigged position, the hardship is immense and affecting every single sector and they are emulating your wickedness and heartless character. Happy birthday to Goodluck Jonathan, may your days be long

The guy does not post all that bullshit anymore with that account. What happened?

Globad:


Some of you are quick to condemn everything and call the government clueless even on issues that you don't understand

What's there again to understand?

Karlovich:
, From all of us at vulturebbqgrills we thank you our darling daddy for the extreme wickedness you have bestowed on your adopted country. Everything has been turned upside down since you assumed the rigged position, the hardship is immense and affecting every single sector and they are emulating your wickedness and heartless character. Happy birthday to Goodluck Jonathan, may your days be long