It's only common sense that since Nigerian banks have reduced the amount that can be withdrawn daily on international ATMs from $1,000 to $300 to now $100, they should also reduce the fees for withdrawal.

Gtbank for example charges N420 per withdrawal, even now as the minimum withdrawal is $100 daily, they are still charging $420. Imagine you want to withdraw $300 the breakdown will be as follows:

Day 1- $100 = N420
Day 2- $100 = N420
Day 3- $100 = N420

Total after 3 days= $300= N1,260 charges. When you now hear the exchange rate, you will just collapse.

These banks are worse than black market. I know dollar is scarce but haba! Is the gain on exchange rate not enough for you guys?

Reduce your ATM withdrawal fees and stop killing Nigerians!!!

May God help us!

So there is international ATMs that I can withdraw dollar from. Pls how do I identify or locate one in Lagos. Thanks

Neelzar:
It's only common sense that since Nigerian banks have reduced the amount that can be withdrawn daily on international ATMs from $1,000 to $300 to now $100, they should also reduce the fees for withdrawal.

Gtbank for example charges N420 per withdrawal, even now as the minimum withdrawal is $100 daily, they are still charging $420. Imagine you want to withdraw $300 the breakdown will be as follows:

Day 1- $100 = N420
Day 2- $100 = N420
Day 3- $100 = N420

Total after 3 days= $300= N1,260 charges. When you now hear the exchange rate, you will just collapse.

These banks are worse than black market. I know dollar is scarce but haba! Is the gain on exchange rate not enough for you guys?

Reduce your ATM withdrawal fees and stop killing Nigerians!!!

May God help us!