cbn introduce new month to month charge On Atm And Cheque

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CBN GOV. Godwin Emefiele

Mr. Godwin Emefiele
Read more: https://www.naij.com/765237-cbn-introduces-new-monthly-charge-atm-cards.html
Mr. Godwin Emefiele
Read more: https://www.naij.com/765237-cbn-introduces-new-monthly-charge-atm-cards.html
Mr. Godwin Emefiele
Read more: https://www.naij.com/765237-cbn-introduces-new-monthly-charge-atm-cards.html

The Central Bank of Nigeria (CBN) has proposed a N100 monthly charge on every debit card (ATM card) in the country. The new charge is separate from the existing N65 charge after the third withdrawal within the same month. A monthly maintenance fee of N100 was also proposed every month for a naira dominated debit card when used, and a N50 charge for other months when the card is used or not.

CBN has also proposed a N4,200-per-annum charge on foreign currency denominated cards as maintenance fee. The apex bank has also proposed a N50 charge on every cheque leaflet obtained and used at the deposit money bank’s counter, The Cable reports.
source: Naij