alizma:

Do you understand the policy or you just type without clear understanding? The government is protecting your interest and you call that wickedness, what type of human being are you?
The new policy is targeted at people that issue cheques knowing fully well that they don't have money in their account or that they will not be able to fund the account before the maturity of the cheque.
In developed countries, cheque is as good as cash because you dare not issue cheques against unfunded account but here in Nigeria, people see cheque as a professional way of rubbing business partners. They collect goods and give you cheque knowing fully well there is no money in the account. Now the bank is taking measure to prevent such unscrupulous behavior and the next thing you say is that the country is wicked......

What about those who go to ATM and couldn't continue transaction because of "insufficient fund" ?
From the article, I didn't see where they specified only cheque. Is there something I'm not getting?

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

Only fools still defend that cow

This is what u get when u collect #500 just to vote in a vulture.

The writing is on the wall, Nigeria would fall and rise by the hands of the commoner

Crazy country

GIANTPLUSHUB:
Lol. Wahala for "Urgent 2k transfer" Trying to withdraw the 2k and the 2k no enter. Na another penalty oooo! God no go shame us ooooooo!

The cry of an average nigerian(urban poverty) I understand how u feel. I reject poverty and emptihandedness. So not a good feeling.

Many of you didn't actually read the main article only the headline. That's not good enough

So person no go fit play with him account again

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 mind that person up there defending this heartless act among so many at a time life is difficult for average Nigerians. He/she based his/her support on example of dud cheque, but didn't consider other unforseen circumstances that the financial institutions are responsible for - one being they will debit charges and not send SMS notifying one of such debit on time, hence one assuming a balance that isn't real, and most times they blame network for delay in debit SMS. Other times one has to try multiple times to effect transaction due to error messages (e.g. the famous network inoperative) only to realise one finally scaled through. It's so annoying reading people support everything dished out to Nigerians for reasons best known to them.

Insufficient funds charges

It's a global best practice to avoid giving people cheques when you have no money in your account

Richfarmer:


paid bank worker to come defend their new crimes.

you are a looser if you agree on this terms,
what if I tend to make a transfer of maybe #2 million and the transaction failed due to network error so I will be charged 20k for it since they say you will be charged 1%.

this is really sad for the common man because many will cry!

this is unnecessary at this time.
what banks need now is to even increase the interest rate been given to individuals on a monthly basis that's even if they give any

stop been ignorant and face the truth that the masses are crying bro!

Read it again to see that network problem is not one of the issues.

Why is it that anyone that doesn't agree with you guys is a paid agent?

alizma:

Do you understand the policy or you just type without clear understanding? The government is protecting your interest and you call that wickedness, what type of human being are you?
The new policy is targeted at people that issue cheques knowing fully well that they don't have money in their account or that they will not be able to fund the account before the maturity of the cheque.
In developed countries, cheque is as good as cash because you dare not issue cheques against unfunded account but here in Nigeria, people see cheque as a professional way of rubbing business partners. They collect goods and give you cheque knowing fully well there is no money in the account. Now the bank is taking measure to prevent such unscrupulous behavior and the next thing you say is that the country is wicked......

My former employer gave me a cheque since 2018 I couldn't cash that cheque till today and that's how my money has gone! Always bounced!!

providencia:


What about those who go to ATM and couldn't continue transaction because of "insufficient fund" ?
From the article, I didn't see where they specified only cheque. Is there something I'm not getting?

ATM is not part of it

PhiliptheArab:


Excellent post.

Its sad that even after this explanation some people still took time to abuse you.

We have a problem of educated illiterates in Nigeria

Yankee101:
Insufficient funds charges

It's a global best practice to avoid giving people cheques when you have no money in your account

Cheque you said, not electronically programmed transactions. Please.

Saig:

My former employer gave me a cheque since 2018 I couldn't cash that cheque till today and that's how my money has gone! Always bounced!!

A copy of that bounced check could put him in jail

Globad:


ATM is not part of it

Okay thanks

LOVEGINO:
bros abeg where u dey based? Abeg I wan see u

DM nah

providencia:

Okay thanks

Have a nice weekend bro

Raydos:
LOL i know this will deteriorate to this level, I literally stopped using Bank Last Month, I withdrew all my money!!

What prompted me to do this, was because last month, I had no money in my account, So I saved up #2,000, and to my greatest surprise I received credit alert which says, "#1,950 has been deposited to your account, #50 was deducted!!!! I was like WTF??


A couple of days later, I went to withdraw #1000, and then again, #50 was deducted from my account, So this people literally bill me for every transaction I make!!


What kind of exploitation is that?? This country Is so fùçkēd up, Since Crude oil is becoming worthless now, Government are looking for ways to Exploit the citizens by all means to further continue their Looting!!


I will rather buy a piggy bank and saved up my money in there!!

Which bank please, I need to avoid the bank.

Raydos:
LOL i know this will deteriorate to this level, I literally stopped using Bank Last Month, I withdrew all my money!!

What prompted me to do this, was because last month, I had no money in my account, So I saved up #2,000, and to my greatest surprise I received credit alert which says, "#1,950 has been deposited to your account, #50 was deducted!!!! I was like WTF??


A couple of days later, I went to withdraw #1000, and then again, #50 was deducted from my account, So this people literally bill me for every transaction I make!!


What kind of exploitation is that?? This country Is so fùçkēd up, Since Crude oil is becoming worthless now, Government are looking for ways to Exploit the citizens by all means to further continue their Looting!!


I will rather buy a piggy bank and saved up my money in there!!

I ha

PS712:

Cheque you said, not electronically programmed transactions. Please.

I have been keeping my money myself for over a year now,I don't remember when last I left money in my account,especially access bank,they are found of charging every transaction one makes,i am tired of everything nigeria

alizma:

Do you understand the policy or you just type without clear understanding? The government is protecting your interest and you call that wickedness, what type of human being are you?
The new policy is targeted at people that issue cheques knowing fully well that they don't have money in their account or that they will not be able to fund the account before the maturity of the cheque.
In developed countries, cheque is as good as cash because you dare not issue cheques against unfunded account but here in Nigeria, people see cheque as a professional way of rubbing business partners. They collect goods and give you cheque knowing fully well there is no money in the account. Now the bank is taking measure to prevent such unscrupulous behavior and the next thing you say is that the country is wicked......

Please where did you read 'cheque' that you are basing your argument/support on issuance of dud cheques?
Issuing dud cheque is criminal offence already.
PS: The platform is electronically programmed.
If this is the case banks and other financial institutions should be made to compensate customers and pay fine to CBN for every failed transaction that is caused by system failure or network e.g. switch or network inoperative issues.

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.

I concur, don't initiate direct debit if you can't fund it.

So failed TX are now customers fault. Everything wrong about the zoo

PS712:

Cheque you said, not electronically programmed transactions. Please.

It's the same thing. Authorizations called ACHs are an electronic permission to debit your account. A cheque is simply a physical instrument that serves the same function an ACH does electronically. Infact in less fraudulence prone systems you don't need the physical cheque anymore, just the details or snapshot.

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

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



.

One of the reasons why people should go to school.
If you don't have money why initiate a direct debit.

If you are not fraudulent, why instruct a standing order when there is no cash

Raydos:
LOL i know this will deteriorate to this level, I literally stopped using Bank Last Month, I withdrew all my money!!

What prompted me to do this, was because last month, I had no money in my account, So I saved up #2,000, and to my greatest surprise I received credit alert which says, "#1,950 has been deposited to your account, #50 was deducted!!!! I was like WTF??


A couple of days later, I went to withdraw #1000, and then again, #50 was deducted from my account, So this people literally bill me for every transaction I make!!


What kind of exploitation is that?? This country Is so fùçkēd up, Since Crude oil is becoming worthless now, Government are looking for ways to Exploit the citizens by all means to further continue their Looting!!


I will rather buy a piggy bank and saved up my money in there!!

things must be hard for this guy if e dey para for hundred card.

its no even like the bank is safe.... scammers are above this fools claiming they are banks lending our money to politicians
i bet your house is safer than any bank.
Teach yourself discretion and dont tell everyone how much you have....

Raydos:
LOL i know this will deteriorate to this level, I literally stopped using Bank Last Month, I withdrew all my money!!

What prompted me to do this, was because last month, I had no money in my account, So I saved up #2,000, and to my greatest surprise I received credit alert which says, "#1,950 has been deposited to your account, #50 was deducted!!!! I was like WTF??


A couple of days later, I went to withdraw #1000, and then again, #50 was deducted from my account, So this people literally bill me for every transaction I make!!


What kind of exploitation is that?? This country Is so fùçkēd up, Since Crude oil is becoming worthless now, Government are looking for ways to Exploit the citizens by all means to further continue their Looting!!


I will rather buy a piggy bank and saved up my money in there!!

piggy bank will steal all your money except you do it yourself.

In summary you'll be charged anytime you encounter insufficient funds in your account. Be it on ATM, mobile banking, E-banking, USSD. Etc. E no shock me we Sabi say this government wicked hence they want ppl to pay for poverty