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Nigerian Banks Stop ATM Cash Withdrawal Abroad - Business (2) - Nairaland

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Banks Raise ATM Cash Withdrawal Limit To ₦‎200,000 / Banks Stop Cash Withdrawal From Overseas Atms / How to get a POS for ATM cash withdrawal and Deposit business in Nigeria (2) (3) (4)

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Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Talk2Bella(f): 8:12am On Jan 08, 2018
Sultannayef:


Then your problems are too small.

let's never pray for bigger problems lipsrsealed

1 Like

Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Nobody: 8:12am On Jan 08, 2018
Again.. dejavou
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Talk2Bella(f): 8:12am On Jan 08, 2018
lonelydora:


And how you go withdraw money if you reach dubai finally?

lol, i go carry dollars from here na grin

1 Like

Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by chukxy44(m): 8:13am On Jan 08, 2018
This is a stale news, Moderator Delete completely. This was as at January 2017 all the banks have reversed this.

1 Like

Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by lonelydora: 8:13am On Jan 08, 2018
Talk2Bella:


lol, i go carry dollars from here na grin

i no wan see you for television oooo for money laundering.
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Talk2Bella(f): 8:14am On Jan 08, 2018
lonelydora:


i no wan see you for television oooo for money laundering.

cheesy cheesy
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by BOWOTO(m): 8:24am On Jan 08, 2018
I don't even care anymore
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Thegents6: 8:27am On Jan 08, 2018
Na who cause this thing? Na BUH ooooooooooo but if you put am ARI, na you sabi ooooooooooo! grin
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by d33types: 8:29am On Jan 08, 2018
This is old news..

Only with domiciliary accounts can one make unrestricted withdrawals abroad..Most naira visa and MasterCard's have been restricted since l 2016
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by JeffreyJamez(m): 8:38am On Jan 08, 2018
d33types:
This is old news..

Only with domiciliary accounts can one make unrestricted withdrawals abroad..Most naira visa and MasterCard's have been restricted since l 2016

Yeah true. But the charges for withdrawal no be here. cry
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by yanshDoctor: 9:19am On Jan 08, 2018
Guk:


I suspect this was copied and pasted from a year ago because (1) There is no more volatility as Banks can buy "Futures" i.e. make commitment buy their FX needs in advance without price fluctuation affecting them. (2) Round tripping is now a waste of time and resources because Official FX rates and Black market rate are almost the same.....just a 1 or 2 point margin and customers find it more convinient to buy from Black market than go through the stress of Bank documentation. infact banks were begging customers to buy FX in the last quarter of 2017
you are a lier. black market as at today is 363. last your December was almost 375
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Nobody: 9:37am On Jan 08, 2018
if POS outside Nigeria and foreign web purchases still work... then it is manageable.

1 Like

Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Fortuneoo: 9:46am On Jan 08, 2018
First of all what is the ATM withdrawal limit per day for these banks? Anyone round tripping or laundering funds would never ever consider using ATM as an option. Most of these banks are bereft of ideas in rolling out products to counter the shock of the exchange rate differentials, with 3% foreign transaction fee and our currency volatility,it’s an ample window of opportunity for these banks to even make more from their customers if actually they are into real banking
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Unbeliever(m): 9:52am On Jan 08, 2018
chukxy44:
This is a stale news, Moderator Delete completely. This was as at January 2017 all the banks have reversed this.
Not all banks, only a few banks allow withdrawals. I can't withdraw from my access bank account but I can withdraw from my ecobank account.
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by olanshi: 10:18am On Jan 08, 2018



Our banks didn't even send us Merry Christmas and Happy New Year messages...

The hardship hit them as well.. embarassed


Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by 360command: 12:00pm On Jan 08, 2018
Flets:
Nigeria is a dead country. To hell with patriotism.... anyone who has not left the shores of that country would think the whole world system is in disarray.

It’s almost seem like a curse to live and die in Nigeria no matter how genuine your intentions.
I rather be Togo than nigeria.. Like you said, to hell with patriotism...
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by SladeWilson(m): 2:39pm On Jan 08, 2018
lonelydora:
Why is there no mail from banks on this?
Is GTBank atm still functioning abroad?
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Zdoh(m): 2:59pm On Jan 08, 2018
You all abroad should get an merchants account like skrill,Neteller,Payoneer and Paypal instead of all this frustration .Most of all the merchants issues credit/debt card for instant and easy withdrawal. You can easily transfer Naira for exchange to dollars into the and and you just withdraw cash for necessity and other things.
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by segzie2012: 4:06pm On Jan 08, 2018
#Bank on Skye....

Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Timi1990(m): 4:05am On Jan 09, 2018
Zdoh:
You all abroad should get an merchants account like skrill,Neteller,Payoneer and Paypal instead of all this frustration .Most of all the merchants issues credit/debt card for instant and easy withdrawal. You can easily transfer Naira for exchange to dollars into the and and you just withdraw cash for necessity and other things.

It's not so easy bro. Once PayPal, Payooner & neteller have your details as US residence, be ready for Tax grin
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Zdoh(m): 3:22pm On Jan 09, 2018
Timi1990:


It's not so easy bro. Once PayPal, Payooner & neteller have your details as US residence, be ready for Tax grin
I strongly agree with you boss.
Re: Nigerian Banks Stop ATM Cash Withdrawal Abroad by Nellizzy(m): 11:14am On Jan 15, 2018
Kufie:

Affecting you inside Umuahia? How? angry
Park well Mr Man

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