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CENTRAL BANK OF NIGERIA INTRODUCES NEW CHARGES ON ATM CARDS AND CHEQUES

According to news , the Central Bank Of Nigeria has made it known that it is currently reviewing the extant Guide to bank Charge which cam...

According to news , the Central Bank Of Nigeria has made it known that it is currently reviewing the extant Guide to bank Charge which came into effect on April 1 2013. Central Bank Of Nigeria has proposed a N100 monthly charge on every ATM  card in the country,

This is apart from the N65 charge after the 3rd withdrawal within the same month, a monthly maintenance fee of N100 was also proposed every month for a naira denominated debit card  when used,, and a N50  for other months when the card is not used.

N4,200 charge was also proposed on foreign currency denominated cards ad maintenance fee,  A N50 charge is also proposed on every cheque leaflet obtained and used at the  deposit money bank counter. This is apart from the collection charge on cheques , which is also proposed to  1% of cheque value or Naira equivalent of Us $10  whichever is lowest.

The central Bank Of Nigeria noted that wide consultation with relevant stake holders were considered in arriving at the charges prescribed in the guide intended to enhance flexibility, tranparency and competition in the Nigerian economy.

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Abekeynews Blog Home of Entertainment news, Fashion, Lifestyle, Beauty, sports and More: CENTRAL BANK OF NIGERIA INTRODUCES NEW CHARGES ON ATM CARDS AND CHEQUES
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