Access Bank on Sunday said it will refund its stamp duty deductions made from the account of its aggrieved customers after a social media outcry on Saturday.

Stamp duty deductions apply to all credit received into current and savings accounts in respect to electronic transfer and teller deposits of N10, 000 and above. The money is remitted to the Central Bank of Nigeria.

Brand Spur Nigeria learnt that Access Bank Nigeria has also promised to revert deductions made between Saturday and Sunday back to customers.

According to a statement made on Sunday, the bank said it recognized that it is a tough period for customers.

Reacting to customers’ reactions over the usual deductions, Acess Bank said,

“We have considered your feedback and have decided to pay the stamp duty on our customers’ behalf for the affected period only,”.
“This means that individuals and SMEs who were debited for the accumulated stamp duty charge for February to April 2020 will be refunded.”

In an earlier statement, the bank had notified customers that it did not deduct stamp duty charges on transactions that occurred between February 1, 2020, and April 30, 2020.

SOURCE: https://brandspurng.com/2020/06/28/access-bank-to-refund-stamp-duty-deductions/

They should return the money with interest!

Thieves......only a fool will open an account with them

Robbers.....

[img]https://media./images/5c701d27faf5c39861c2b1efe18f7f51/tenor.gif[/img]

is this good news or bad news?

both i think

I personally demand compensation for damages caused and also emotional trauma caused as a result of their inability.

GTBANK should follow suit too

That's a good development.

Due to this stamp duty charge issue many people have decided to leave. I left the bank when still answering diamond bank and that was the best decision I made. It's left to them make banking with clients less stressful for those that decide to stay.


FOR TRADEMARKS, PATENT, AND DESIGN REGISTRATION CHECK MY SIGNATURE.

I have been refunded.
How can you deduct N50 thrice from my account in the name of stamp duty for the month of February??
Multiply that by the millions of customer's nationwide.

Thieves!

They were not expecting the vicious backlash they got from their customers!

So if there wasn't any backlash they'd have kept the money?

Reasons why I bank with Gtbank. I was surprised seeing that people were complaining about them being deducted, I just laugh cos Gtbank can't do such. You're *737*0# away from opening an account with them

Better for them.
Because it's way too much people are been debited fours times at ago.
They know if they don't do so they will surely loss customers.
No be we send them to give FG 1billion
You can't robber peter to pay paul

It has separated marriages
It has created enmity between friends
It has caused downfalls and even death.
The above are true, but for every 'one' bad thing it does or causes, there are thousands of 'good' things it has created or aided. The Power Of Social Media

thief bank!!!

I saw my money wiped out yesterday in the name of stamp duty charges and I almost wept. I couldn't fathom what transactions I did that made them deduct 2,150 naira for stamp duty charges alone within the space of just 3 months. And this is an account that had 3650 naira balance!
Dem get mind sha!

Mine was N1,556 multiple times

GTBank, you owe me 2k on this fraudulent stamp duty shit

Better because no be we send access bank to donate 1b to the useless scam govt under the watch of the dullard

SO if they didn’t call them out on Twitter they no go return am abi
Yeye bank

Damnnnnn niggarrr
Isoright

How much was deducted?

Better

Good Marketing strategy because they us actually nothing like negative or positive publicity. Atleast they have trended over the weekend

It's already refunded

Yeah....They really dupe customers with that stamp duty. Social media is really doing wonders to the common man.

Criminal bank.