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Nairaland Forum / Nairaland / General / Business / CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms (60401 Views)
CBN Introduces New Charges On ATM Cards, Cheques / Access Bank To Deactivate ATM Cards Trapped In Other Banks' ATMs / Transfers From GTB Savings Account To Other Banks Is Now Enabled (2) (3) (4)
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Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by onatisi(m): 6:24am On Aug 14, 2014 |
lekadornis: Hmm....someone is dancing to the tunes of the CABALS in the banking industry alreadyI think we shouldn't blame eme for this ,this decision is a decision reached and taken by all parties in the banking industry but I don't see it materialising,the fg can use it to score a political point buy wading it and telling cbn to hold on or stay action until further notice |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by Nobody: 6:24am On Aug 14, 2014 |
All Sanusi's good policies will be overturned before you say Jack we are back to square one 8 Likes |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by Nobody: 6:25am On Aug 14, 2014 |
Missing SLS ![]() ![]() ![]() Don't worry dis is just d beginning 7 Likes |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by konga82(m): 6:26am On Aug 14, 2014 |
I tink we all have de right to complain. But remember COT has gradually move down 4rm 5 per mill to 2 naira very soon dia will be ZERO COT in all transanction, so many bank charges has been trim down, how do we expect dem to succeed, expand and employ more workforce 65 is big yet we did not complain wen we ar bin charge 100 a liter of diesel is 125 some branches burn diesel 4rm morning till night, pls let encourage dem. Remember many has gone under. |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by Nobody: 6:27am On Aug 14, 2014 |
This is totally wrong! This shows the complete lack for vision of the administration. The best way to have imposed the cashless policy would have been the way SLS left it. Obviously they have their aim to make us suffer! This is wrong! Sincerely nothing has made me happy about this administration except when GEJ made a law against gays. that's d only positive thing I see. 13 Likes |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by dljbd1(m): 6:27am On Aug 14, 2014 |
As far as I'm concerned you have not convinced me enough. I don't see any concrete reason. Seriously! |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by mrakin(m): 6:28am On Aug 14, 2014 |
It is OK. It is even very risky to use other banks ATM in case of card getting trapped. Moreover, the new policy said the first three in a month is free. |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by onatisi(m): 6:32am On Aug 14, 2014 |
konga82: I tink we all have de right to complain. But remember COT has gradually move down 4rm 5 per mill to 2 naira very soon dia will be ZERO COT in all transanction, so many bank charges has been trim down, how do we expect dem to succeed, expand and employ more workforce 65 is big yet we did not complain wen we ar bin charge 100 a liter of diesel is 125 some branches burn diesel 4rm morning till night, pls let encourage dem. Remember many has gone under.noone is saying they shouldn't charge for atm withdrawals but that the charges are too high , does that mean that someone who wants to withdraw 1000 will be charhed 65 naira ?in order to make ppl use the atm more ,reduce the fees to 10naira or 20 naiara per transaction on another bank atm ,remove the 3 free transactions. Believe me ppl won't complain |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by DaBullIT(m): 6:35am On Aug 14, 2014 |
billante: Users of Automated Teller Machines will no longerpay N100 on withdrawals whenever they use banks other than theirs, the Central Bank of Nigeria said on Tuesday. Just a year ago 6 Likes 1 Share |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by back2sender: 6:39am On Aug 14, 2014 |
ayukdaboss: Our banks may pay for our ATM services but they steal much more secretly or openly. Every month FirstBank charges me about 160naira for SMS charges and some other things I don't even understand yet I don't get any messages at all from them.What do you expect? He came from zenith bank so iam not surprised 1 Like |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by lastpage: 6:41am On Aug 14, 2014 |
I just wonder why those in "authority" in Nigeria, are always so inclined to institute more poverty on the people? From FRSC - New Plate Number to New Driver's License! From NERCD - Regular increase in Electricity Tarrif and Fixed Charge, yet power supply is dwindling on a daily basis! From the 'Telecoms Regulator" - We still pay the highest amount per minute call, all over Africa! Now, its one more additional banking charge.... when banks all over the world are doing away with these extortionist fees! Why are these people so GREEDY AND WICKED TO NIGERIANS...... ...and WHY ARE NIGERIANS SO DOCILE, GULLIBLE AND READY TO ACCEPT ANY UNDUE PUNISHMENT METED TO THEM? And for those of you saying "Sanusi this, Sanusi that", l think you need to examine your heads because Sanusi is part and parcel of these thieving elites! Its like using Kettle to replace Pot ....al na "black"! ![]() ![]() ****shakes head in disbelief**** Lastpage! 3 Likes |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by Ventura1: 6:43am On Aug 14, 2014 |
How does the charges burden the bank? This does not stop them from churnning out impressive turnover every quarters. |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by fiverrwin(f): 6:44am On Aug 14, 2014 |
Oh mean c gobe |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by IDnoble1: 6:44am On Aug 14, 2014 |
from the recent financial reports i ve been hearing,i personally dont think the new CBN governor has something special to offer us(Nigeria). Missing Soludo and Sanusi already. 2 Likes |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by MaziOmenuko: 6:44am On Aug 14, 2014 |
I believe this is a welcome development: I'm saying this because when the N100 charges was suspended, most banks that have ATM outside their premises feel reluctant to fund the machines. Every organization is run with the aim of making profits, so why will they spend their resources building ATM at remote areas, fund it and not make a profit? With this re-introduction, we are likely to see more ATM installed all over the street corners, markets and shops. That's the way I see it. |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by Isiterere(m): 6:44am On Aug 14, 2014 |
Policy Somersault ALL IZZ WELL 1 Like |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by Ekans: 6:45am On Aug 14, 2014 |
During Sanusis last lap as CBN governor, it was a tale of crucify him, now a capitalist minded CBN governor (Emefie ![]() 14 Likes |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by Nobody: 6:45am On Aug 14, 2014 |
[size=19pt]That is what happens when u use a senseless major stakeholder to head their governing body.[/size] |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by IdeeEsperanza(m): 6:47am On Aug 14, 2014 |
So, how do we protest? 1 Like |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by ElPhenomenal(m): 6:47am On Aug 14, 2014 |
Do they ever get anything right in this country |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by YoungDaNaval(m): 6:49am On Aug 14, 2014 |
Really? Ok na. *TROW AWAY MA ATM AND JOIN THE QUE* |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by MaziOmenuko: 6:50am On Aug 14, 2014 |
onatisi: noone is saying they shouldn't charge for atm withdrawals but that the charges are too high , does that mean that someone who wants to withdraw 1000 will be charhed 65 naira ?in order to make ppl use the atm more ,reduce the fees to 10naira or 20 naiara per transaction on another bank atm ,remove the 3 free transactions. Believe me ppl won't complain I believe the article says the charges will be on a 4th withdrawal within same month. Proper planning will save you the stress and charges of using an ATM 4 times in a month. Honestly, most ATM outside the bank premises don't have cash on weekends because the banks don't see any need to fund their machines for others to use it up. This new policy will encourage banks to open more outlets and it will be easier for us the users. |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by hassymo5(m): 6:51am On Aug 14, 2014 |
Its this kind of policy that Nigeria institutions implement Asap,, but if its to the advantage of the common Man it would b delayed in implementing...or not implemented at all.... I'm going to withdraw my Money before September ..lolz. |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by temitemi1(m): 6:53am On Aug 14, 2014 |
Naija!!! A single step forward, million step backward. What a country!!! |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by tk4rd: 6:53am On Aug 14, 2014 |
Does this stop the destroying of cards that got trapped in other-banks ATM machines.?? |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by 1stola: 6:59am On Aug 14, 2014 |
imhomoh: The Central Bank of Nigeria (CBN) yesterday directed deposit money banks in the country to re-introduce a charge of N65 per transaction on remote-on-us Automated Teller Machines (ATMs) cash withdrawals.THIEVES 1 Like |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by ruemu(m): 7:00am On Aug 14, 2014 |
That CBN governor.. is from ZenithBank.. and if u use zenithbank service u will know that the only thing they know is charges upon charges. The early days of atm craze in 9ja. Zenithbank charges it own customer for using the zenithbank atm machine. I am not surprise. 1 Like |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by chukwuka12: 7:06am On Aug 14, 2014 |
Hi guys, remember its on the fourth withdrwal in the same month... I don't think its a bad idea. If u notice u can not use some bank ATMs on some oda banks machines, because of the banks bearing all d cost... With dis intro I think u will be able to use your ATM anywhere any time.... |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by 9ja4Change(m): 7:07am On Aug 14, 2014 |
Ekans: During Sanusis last lap as CBN governor, it was a tale of crucify him, now a capitalist minded CBN governor (Emefie That's 9ja's major problem, always using religion and tribe to judge someone, more especially if the person is from the northern part!!! This is just the beginning. May God save us. Missing HRH SLS 3 Likes |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by 1stola: 7:08am On Aug 14, 2014 |
Which kain con3 be dis self ![]() They never do anything good that lasts ![]() A senseless, thievery and fooling policy Thunder faya emewayray GEJ and PDP at it again. clueless m0rons. ![]() My people! We need to SAY NO!!! to this nonsense Riot Fight protest |
Re: CBN Reintroduces N65 Charges On Cash Withdrawals On ‘other Banks’ Atms by LuckyLadolce(m): 7:08am On Aug 14, 2014 |
Yungwizzzy: And I follow jubilate when sanusi was removedbetter 1 Like |
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