-
The Central Bank of Nigeria has re- introduced ATM charges for cash withdrawals made on other banks’ Automated Teller Machines. In a circular dated August 13rd 2014 and signed by the Director, Banking and Payment Systems Department, CBN, Mr. Dipo Fatokun , the re- introduced ATM deduction pegged at N65 per withdraw would take effect from September 1st 2014. The circular states that the first three withdrawals in the month of September on other banks ATM would be free but the charges would start counting from the fourth withdrawal. Read parts of the circular after the cut... "The CBN hereby issues the following directives: The re-introduction of ‘Remote-on-us’ ATM cash withdrawal transaction fee, which will now be N65 per transaction, to cover the remuneration of switches, ATM monitoring and fit-notes processing by acquiring banks; the new charge shall apply as from the fourth ‘Remote-on-us’ withdrawal (in a month) by a cardholder, thereby making the first three ‘Remote on us’ transaction free for the cardholder, but to the paid by the issuing bank. September 1, 2014 shall be the effective date for the implementation of the new charge; banks are expected to conduct adequate sensitisation to the customers on the introduction of the new fee; all ATM cash withdrawals on the ATM of issuing banks shall be at no cost to the cardholder.” it read This reintroduction of ATM withdrawal charges comes almost 2 years after the CBN and the Deposit Money Banks cancelled the N100 ATM charges in December 2012. @LastßornNews(07060428346)

Comments

Post a Comment

Your comments are highly needed.
Thanks.

Popular posts from this blog

Why Banks Are Not Issuing Old Naira Notes Even After Supreme Court’s Ruling

-
Image
Some bank officials said they would comply with the Supreme Court’s ruling only on one condition. Banks in Nigeria have revealed why they are not issuing the old 200, 500 and 1000 as directed by the Supreme Court. The apex court had last week ruled that the old notes are still legal tenders till December 31st 2023. Banks in reaction to the apex court’s directive noted that they can’t commence re-issuance of the old notes until they are directed to do so by the Central Bank of Nigeria (CBN). Some bank officials who spoke with Vanguard on the development said they would comply with the Supreme Court’s ruling once CBN gives the directive. One of the officials working with Access Bank who spoke on condition of anonymity said the banks would issue the old naira notes when the apex bank gives the directive and not the Supreme Court. He said,  “Banks in Nigeria are heavily regulated, and we only listen to what the CBN says. Despite the ruling, we still need to hear from our regulator.” Sp...
Read more

I Almost Turned To Prostitution After My Dad’s Death – Actress, Omotola Jalade Reveals

-
Image
The screen diva in an exclusive interview with media personality, Chude Jideonwo opened up on losing her father at 12. Omotola Jalade-Ekeinde, the famous Nigerian actress, has made a new revelation about herself. She revealed how her father’s death affected her in ways she could not imagine or handle. The screen diva in an exclusive interview with media personality, Chude Jideonwo opened up on losing her father at 12. She explained they never had time to bond like father and daughter did because she was shipped off to Kaduna at a tender age. She said she barely knew her death before his demise. According to the mother of four, having to deal with such reality at that young age almost broke her as she became emotionless, attributing her fearlessness and confidence to the ‘life-changing’ incident. Foisted to cater for her brothers and protect them from persons who would want to separate them, the mother of four revealed she almost turned to prostitution to ensure no one succeeded in tear...
Read more

We Need To Change All The Danfos In Lagos State – Labour Party Candidate, Gbadebo Rhodes-Vivour Reveals Plan

-
Image
Gbadebo Rhodes-Vivour who has emerged as one of the major contenders ahead of Saturday’s polls said one of the challenges facing Lagos State is the danfo buses found in several places around the state. Gbadebo Rhodes-Vivour, Labour Party governorship candidate in Lagos state has revealed his plan for the people of the state. Gbadebo Rhodes-Vivour who has emerged as one of the major contenders ahead of Saturday’s polls said one of the challenges facing Lagos State is the danfo buses found in several places around the state. He held the opinion that the danfo buses need to be replaced but the government doesn’t have to buy all of them. According to him, a platform can be created for members of the public to create a pool of funds to purchase the buses and the ‘investors’ can get paid back on a monthly basis as the buses are put to use. Rhodes-Vivour spoke while participating in a Menisms Podcast. In his words,  “We need to change all the danfos in Lagos State. We need about 70,000 da...
Read more