Ok

Sterling Bank is notorious for dispensing only N10,000 per withdrawal for non-customers.

Nigerian Banks, including CBn have scamming the country since inception.

That is the bitter truth

ideology:
Our CBN is scam

We have a CBN that focuses more on making money than strengthening the economy

Apart from transaction charge, you will also pay for SMS charge per transaction and another ATM maintenance card by month end.

In fact union bank charged me VAT on card maintenance again last month

Not all banks charge card maintenance.

mhizcassidy001:
shebi i will kuku not use bank again and be saving my money in the ground like our FOREFATHERS.

And when you are done saving, the real owner go come carry am like a boss.

Nigeria my country

i wont showcase it.i might go bury it in a graveyard.sense will not kill me

hotdealz:
And when you are done saving, the real owner go come carry am like a boss.

Banks will purposely load N500 in their ATM machine and Will tell you that the highest you can withdraw is 10k

So if you want to take 50k then calculate it

There's nothing like Others First Self Last in our reasoning. Until then we shall keep complaining about situations we can correct ourselves if we are sensible enough.

ehinja:
A country where every organisation and individual be it government or private are ripping each other off smh.

In fact I have been a victim of this for several me months now,it just a pity we are in a country that does not care about the welfare of it citizen.
Wrote central bank in respect to this several times and not a single feedback.
Am sorry am saying this but they are gradually forcing us to go back to olden days of saving money,because this is scrap and wickedness on the part of the banks .i just wish most times that am not from this nonsense country called Nigeria where stupid things like this happens.
Please not banks that do this very well are Gtb,dimondbank ,Firstbank,Accessbank etc thanks I wish the so called central bank of Nigeria can do something about this now thanks

I been think say na only me dey complain

kereman1:
everyone appointed by PMB, is a weaklin....

Hope you are aware that this present CBN governor is not appointed by PMB.....

https://www.youtube.com/watch?v=FL4-4EqZzj4

Nigerians React To 65 Naira Inter-Bank ATM Charge

Many Nigerian banks are ripping off customers making withdrawals via Automated Teller Machines (ATMs) by setting low maximum single withdrawal limits to cleverly sidestep the weak Central Bank of Nigeria (CBN) policy against excessive charges, SaharaReporters can reveal.

SamuelAnyawu:
Here in Maiduguri we spend 3hours on ATM Queues

Oga, no dey try that kind 3 hour queue again for Maiduguri Ooo because boko boys never commot' patapata. Pls try enter bank next time to avoid avoidable calamity. God bless

Eco bank don charge me #50 more than five times this month alone saying it’s CBN commission

[s]Nigerian banks are thief's in broad day light .especially First bank and UBA [/s]


It is not true. You can't compare first Bank with sky Bank. (Sky bank) Both in services and their ATM are poor. Especially the one at rumuodara junction PH. Their cashies Will live customers and be gisting. Their ATM Time Of operation is from 10am to 6.pm. And maximum withdrawal is #10,000 . op this is so disgusting.

NwaAmaikpe:



Consumer protection laws are absent in Nigeria.

That is why you can pay an olosho for one night and she won't allow you press her brezz.
Unless you pay extra before you can touch.

That business isn't legal so ashawo can charge exorbitant price

My guy I tire. SMS charge of #4 for SMS informing you of ATM down times or even the one wishing you happy birthday. Banks are ripping us off. The monthly maintenance is the most annoying.

ideology:
Our CBN is scam

We have a CBN that focuses more on making money than strengthening the economy

Apart from transaction charge, you will also pay for SMS charge per transaction and another ATM maintenance card by month end.

In fact union bank charged me VAT on card maintenance again last month

NwaAmaikpe:



Consumer protection laws are absent in Nigeria.

That is why you can pay an olosho for one night and she won't allow you press her brezz.
Unless you pay extra before you can touch.

Consumer protection laws are there but never implemented, nor enforced. Everyone has their way around everything in Nigeria, even looters.

Nice write-up.

However, you must have forgotten that ATMs are not designed for huge cash withdrawals.

If you must do transactions of huge amount, then do fund transfer, pay through your card on the merchant's PoS, write a cheque or raise a draft.

You just can't be putting pressure on ATMs and be blaming banks. Go cashlite Nigeria!!! That's where the world is already!








When SaharaReporters sought clarification from the bank on why its machines have a lower single transaction limit, which means more charges, especially to non-FCMB customers, the bank’s Head of Media Relations, Louis Ibe, said it is a cash management strategy







http://saharareporters.com/2018/05/16/how-banks-exploit-cbns-weakness-impose-excessive-charges-atm-users








[/quote]

This fraudulent practices cut across all banks and it is a well-known fact. The mega-fraud going on in some banks, especially branches located in remote places, is the acquisition of point-of-sale (POS) terminals by bank managers. They open shop for marketers and hand over these terminals to them. The managers then stop loading cash into the ATM forcing people to patronize their shops with high interest rate. For example, to withdraw N10,000.00 you need to pay N200.00 cash or so. In a week, the ATM may dispense cash for three days, and sometimes less.

This is not a make-up story, visit Igarra, the Akoko-Edo LGA headquarters and some other places. I just wish the CBN and CPC can do something urgent about these practices.

ideology:
Our CBN is scam

We have a CBN that focuses more on making money than strengthening the economy

Apart from transaction charge, you will also pay for SMS charge per transaction and another ATM maintenance card by month end.

In fact union bank charged me VAT on card maintenance again last month

Union bank will charge me N52.5 for card maintenance every month and still send SMS to notify me of it, on a supposed saving account. I just cleared the account few days back. They should come to my house and collect it this month.

iamceejay:



Union bank will charge me N52.5 for card maintenance every month and still send SMS to notify me of it, on a supposed saving account. I just cleared the account few days back. They should come to my house and collect it this month.

Hahahhaha

If you saw their profits last year, bank made billions from SMS alerts and all these yeye charges.

Lately, when I transfer money to someone to withdraw from me, I add extra 100-200 naira to cover the SMS alert charge and transaction charge that the person may incur

Naija is a crazy town

jumiasalesguy3:
My guy I tire. SMS charge of #4 for SMS informing you of ATM down times or even the one wishing you happy birthday. Banks are ripping us off. The monthly maintenance is the most annoying.

One of those months my SMS alert hit 500 bucks because I got used to buying recharge voucher with their USSD codes.

I can imagine how much bank rack daily from these charges

kereman1:
everyone appointed by PMB, is a weaklin....

It was Jonathan who appointed Emefiele and not Bubu.We shouldn't castigate someone just because we don't like the person,it behoves us to do so with facts and not fictions...

MONITZ:


It was Jonathan who appointed Emefiele and not Bubu.We shouldn't castigate someone just because we don't like the person Bt we should do so with facts and not fictions...

may God bless you

alright

its called owo irinse in yoruba

360great:
Nigerian banks are thief's in broad day light .especially First bank and UBA

UBA ehn Anytime your account is being credited, they will debit u, You make withdrawal, They will debit u, You receive alert they will debit u, Maintenance fee they will debit u. Even if u mention UBA they will debit u. There is no way u will ever meet your account balance the same way u left it. The matter Just tire me.

ideology:
Our CBN is scam

We have a CBN that focuses more on making money than strengthening the economy

Apart from transaction charge, you will also pay for SMS charge per transaction and another ATM maintenance card by month end.

In fact union bank charged me VAT on card maintenance again last month

same here

The fact remains that some bankers are not even knowledgeable in the workings of Automated Tellering machines not to talk of CBN staff.

It takes someone who understands the technical know how to catch the banks.The CBN cannot boast of staff that understands the thievery done by Nigerian banks.