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Nairaland Forum / Nairaland / General / Business / Banks Stop Use Of ATM Cards Abroad #Emefieleconomics (52674 Views)
Banks Stop Cash Withdrawal From Overseas Atms / Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics / CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics (2) (3) (4)
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Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by cuvox(m): 6:06am On Dec 20, 2015 |
Deposit Money Banks have commenced a process to stop all customers from using their payment cards, popularly known as Automated Teller Machine cards, for dollar-denominated transactions when they travel abroad with effect from January 1, 2016. http://www.punchng.com/banks-stop-use-of-atm-cards-abroad/ cc lalasticlala 3 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Toybreezy: 6:10am On Dec 20, 2015 |
Harsh conditions...desperate times calls for desperate measures.m hope it all works out 18 Likes 1 Share |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by kulobyno: 6:22am On Dec 20, 2015 |
No more travelling with many ATM cards. Trust Nigerians a new measure to curb the hardship would soon emerge 18 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by BrianRoss: 6:34am On Dec 20, 2015 |
i hope dis decision helps, we really need to find a way out of dis hardship as soon as possible meanwhile HAPPY SUNDAY NAIRALAND 7 Likes 1 Share |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by sholly007: 6:54am On Dec 20, 2015 |
Are u serious www.sholido.com/ 1 Like |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 7:18am On Dec 20, 2015 |
So which money I wan use na? |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Caracta(f): 8:04am On Dec 20, 2015 |
Makes no sense. Do you want travellers to suffer? You suspended PTA/BTAs. You cut down daily withdrawal limit on mastercards used abroad. You suspended foreign currency deposits into domiciliary accounts. You placed limits on western union and moneygram outbounds. Now this? I laugh. 117 Likes 18 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Icecomrade: 9:31am On Dec 20, 2015 |
Dollar is already 280. Cut this channel out even when banks cant pay dollars to customers courtesy of cbn regulation. That will be more pressure on black market bereau the change. Dollar exchange will hit the sky . Did this clueless buhari govt appoint a minister of finance who was suppose to manage this economy better than okonjo iweala. APC = CHAIN 86 Likes 5 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by MrSmith007: 9:32am On Dec 20, 2015 |
Eyaaahhhh |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by ModiKen(m): 9:32am On Dec 20, 2015 |
Say what?! Well d fall of d naira necessitated dis move 1 Like 1 Share |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Generalkorex(m): 9:32am On Dec 20, 2015 |
Na wa o. God help Nigerians during her hard time o |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by brunofarad(m): 9:32am On Dec 20, 2015 |
Why this policy? Brace up brethren Hardtimes. Ahead We are building a world class company. Watch out for us in the news sometime in the future. ¤•• FARAD CONTRACTORS NIGERIA ••¤
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Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Demmocrats(m): 9:32am On Dec 20, 2015 |
To withdraw all the money before 2016. |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 9:33am On Dec 20, 2015 |
Toybreezy:No be small. 1 Like |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by pinkyruledworld(m): 9:33am On Dec 20, 2015 |
Oga ooo |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by tdayof(m): 9:34am On Dec 20, 2015 |
Nigeria How many people still use their ATM sef. too much bank charges already made people to stop here. I just pity UK PEEPS. 9 Likes
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Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 9:34am On Dec 20, 2015 |
I have also been informed about this development. Funny, I do not see how this will weaken the dollar against the naira. This would simply increase demand for the dollar. In a country where things are easily smuggled in and out, who told them some cartel would not take over the dollar market? If they want a strong Naira they know what to do. To me these are just but cosmetic approaches. A lot of the small and medium scale importation businesses are heavily reliant on imports from online sites. Unless there is an alternative that Nigerians will accept and patronize, they will simply cause inflation. Coupled with the fuel scarcity, reduced power supply and the mere fact that this is the yuletide period, I see a terrible brew. 39 Likes 6 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by gunuvi(m): 9:35am On Dec 20, 2015 |
APC......chain!!!! Sai Buhari, sai slap!!! 13 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by ShowYourCertificate: 9:36am On Dec 20, 2015 |
Caracta:This is what you get from a dullard government 29 Likes 2 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by smudge2079(m): 9:36am On Dec 20, 2015 |
Caracta:desperate times call for bizarre measures. |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by madgoat(m): 9:36am On Dec 20, 2015 |
e don be 1 Like |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by kenny987(f): 9:37am On Dec 20, 2015 |
This is stupid... So people cannot even access legitimate funds because of some draconian policies that hurt d economy even more? And what alternative is in place? 25 Likes 2 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by ShowYourCertificate: 9:37am On Dec 20, 2015 |
dabriggs:Buhari's team of economic experts are really douchebags 38 Likes 4 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 9:39am On Dec 20, 2015 |
cuvox:I always use e bay to buy some products Plan B loading................................. |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by idris4r83(m): 9:39am On Dec 20, 2015 |
Rubbish |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by babyest22(m): 9:39am On Dec 20, 2015 |
OMG...I'm in serious trouble. is this why diamond bank blocked my atm for nothing? I can't even do anything am stranded. I have never experienced such before...is this the change we voted for? 26 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by heartbraker(m): 9:40am On Dec 20, 2015 |
THIS WAT I CALLED change. hahahahahaha 12 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 9:41am On Dec 20, 2015 |
Say change 3 Likes 1 Share |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by BOWOTO(m): 9:41am On Dec 20, 2015 |
Gosh! how do I access my money then? Bleep Country. 2 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by dapsonlou(m): 9:41am On Dec 20, 2015 |
Some People will come here and start Screaming Dullard. The previous administration Looted all our Dollars. Even the Election was paid for in Dollars 35 Likes 5 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by AKMoney1(m): 9:42am On Dec 20, 2015 |
No more aliexpress shopping? 9 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by feaworaoja007: 9:42am On Dec 20, 2015 |
Can you imagine?things simply getting worse!how can buhari ever dream of making a dollar equal to 1naira. It's so obvious this man is a dullard. Rather be a wailer tha a Zombie Zombies abroad the supported this man, wailers form's out for sale now,buy yours b4 it becomes to late(you Zombie HIV virus will soon metamorphis into AIDS) Get your cure now,b4 its too late. Rather be a wailer than a zombie! Blinky blink! 26 Likes 4 Shares
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