CBN Increases ATM Transaction Fees

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CBN

…banks to begin implementation by March 1 

 

According to the new policy, customers withdrawing from their bank’s ATMs (on-us transactions) will continue to enjoy free withdrawals.

 

CBN

However, withdrawals at ATMs of other banks (not-on-us transactions), an off-site withdrawal will attract a N100 fee plus a surcharge of up to N450 per N20,000 withdrawal.

 

….more to come!

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