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Nairaland Forum / Nairaland / General / Business / Banks Charge Customers For Failed Transactions (54481 Views)
Why Are Banks Not Reversing Failed Transactions? / USSD Transactions: Banks Forced Us To Charge Customers—mtn Nigeria / Banks To Pay N10,000 Fine For Failed Transaction Not Reversed Within 24hrs (2) (3) (4)
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Re: Banks Charge Customers For Failed Transactions by providencia(m): 5:25pm On Nov 20, 2020 |
alizma: What about those who go to ATM and couldn't continue transaction because of "insufficient fund" ? From the article, I didn't see where they specified only cheque. Is there something I'm not getting? |
Re: Banks Charge Customers For Failed Transactions by Myhusband(m): 5:29pm On Nov 20, 2020 |
Karlovich: Only fools still defend that cow
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Re: Banks Charge Customers For Failed Transactions by ibechris(m): 5:31pm On Nov 20, 2020 |
This is what u get when u collect #500 just to vote in a vulture. 1 Like 1 Share |
Re: Banks Charge Customers For Failed Transactions by Vulcan24(m): 5:33pm On Nov 20, 2020 |
The writing is on the wall, Nigeria would fall and rise by the hands of the commoner |
Re: Banks Charge Customers For Failed Transactions by eddypolymer(m): 5:37pm On Nov 20, 2020 |
Crazy country |
Re: Banks Charge Customers For Failed Transactions by divinitybillz(m): 5:38pm On Nov 20, 2020 |
GIANTPLUSHUB: The cry of an average nigerian(urban poverty) I understand how u feel. I reject poverty and emptihandedness. So not a good feeling. |
Re: Banks Charge Customers For Failed Transactions by TemmyT002(m): 5:39pm On Nov 20, 2020 |
Many of you didn't actually read the main article only the headline. That's not good enough |
Re: Banks Charge Customers For Failed Transactions by EMEKUSBOY9(m): 5:41pm On Nov 20, 2020 |
So person no go fit play with him account again |
Re: Banks Charge Customers For Failed Transactions by PS712: 5:41pm On Nov 20, 2020 |
techmo:Don't mind that person up there defending this heartless act among so many at a time life is difficult for average Nigerians. He/she based his/her support on example of dud cheque, but didn't consider other unforseen circumstances that the financial institutions are responsible for - one being they will debit charges and not send SMS notifying one of such debit on time, hence one assuming a balance that isn't real, and most times they blame network for delay in debit SMS. Other times one has to try multiple times to effect transaction due to error messages (e.g. the famous network inoperative) only to realise one finally scaled through. It's so annoying reading people support everything dished out to Nigerians for reasons best known to them. |
Re: Banks Charge Customers For Failed Transactions by Yankee101: 5:41pm On Nov 20, 2020 |
Insufficient funds charges It's a global best practice to avoid giving people cheques when you have no money in your account |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 5:42pm On Nov 20, 2020 |
Richfarmer: Read it again to see that network problem is not one of the issues. Why is it that anyone that doesn't agree with you guys is a paid agent? |
Re: Banks Charge Customers For Failed Transactions by Saig: 5:42pm On Nov 20, 2020 |
alizma:My former employer gave me a cheque since 2018 I couldn't cash that cheque till today and that's how my money has gone! Always bounced!! |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 5:43pm On Nov 20, 2020 |
providencia: ATM is not part of it |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 5:43pm On Nov 20, 2020 |
PhiliptheArab: We have a problem of educated illiterates in Nigeria 1 Like |
Re: Banks Charge Customers For Failed Transactions by PS712: 5:43pm On Nov 20, 2020 |
Yankee101:Cheque you said, not electronically programmed transactions. Please. |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 5:44pm On Nov 20, 2020 |
Saig: A copy of that bounced check could put him in jail |
Re: Banks Charge Customers For Failed Transactions by providencia(m): 5:44pm On Nov 20, 2020 |
Globad:Okay thanks |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 5:45pm On Nov 20, 2020 |
LOVEGINO: DM nah |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 5:45pm On Nov 20, 2020 |
providencia: Have a nice weekend bro 1 Like |
Re: Banks Charge Customers For Failed Transactions by jolyment: 5:46pm On Nov 20, 2020 |
Raydos: Which bank please, I need to avoid the bank. |
Re: Banks Charge Customers For Failed Transactions by kechywillz(m): 5:47pm On Nov 20, 2020 |
Raydos:I ha PS712:I have been keeping my money myself for over a year now,I don't remember when last I left money in my account,especially access bank,they are found of charging every transaction one makes,i am tired of everything nigeria 1 Like |
Re: Banks Charge Customers For Failed Transactions by PS712: 5:49pm On Nov 20, 2020 |
alizma: Please where did you read 'cheque' that you are basing your argument/support on issuance of dud cheques? Issuing dud cheque is criminal offence already. PS: The platform is electronically programmed. If this is the case banks and other financial institutions should be made to compensate customers and pay fine to CBN for every failed transaction that is caused by system failure or network e.g. switch or network inoperative issues. |
Re: Banks Charge Customers For Failed Transactions by uvie66: 5:51pm On Nov 20, 2020 |
Globad:I concur, don't initiate direct debit if you can't fund it. |
Re: Banks Charge Customers For Failed Transactions by Charlie2020(f): 5:51pm On Nov 20, 2020 |
So failed TX are now customers fault. Everything wrong about the zoo |
Re: Banks Charge Customers For Failed Transactions by Yankee101: 5:52pm On Nov 20, 2020 |
PS712: It's the same thing. Authorizations called ACHs are an electronic permission to debit your account. A cheque is simply a physical instrument that serves the same function an ACH does electronically. Infact in less fraudulence prone systems you don't need the physical cheque anymore, just the details or snapshot. |
Re: Banks Charge Customers For Failed Transactions by Cutehector(m): 5:53pm On Nov 20, 2020 |
Karlovich: |
Re: Banks Charge Customers For Failed Transactions by jibbish(m): 5:53pm On Nov 20, 2020 |
techmo: One of the reasons why people should go to school. If you don't have money why initiate a direct debit. If you are not fraudulent, why instruct a standing order when there is no cash |
Re: Banks Charge Customers For Failed Transactions by uvie66: 5:54pm On Nov 20, 2020 |
Raydos:things must be hard for this guy if e dey para for hundred card. |
Re: Banks Charge Customers For Failed Transactions by Oluwaseun2020(m): 5:56pm On Nov 20, 2020 |
its no even like the bank is safe.... scammers are above this fools claiming they are banks lending our money to politicians i bet your house is safer than any bank. Teach yourself discretion and dont tell everyone how much you have.... |
Re: Banks Charge Customers For Failed Transactions by Saao(m): 5:56pm On Nov 20, 2020 |
Raydos:piggy bank will steal all your money except you do it yourself. |
Re: Banks Charge Customers For Failed Transactions by Whois(m): 5:58pm On Nov 20, 2020 |
In summary you'll be charged anytime you encounter insufficient funds in your account. Be it on ATM, mobile banking, E-banking, USSD. Etc. E no shock me we Sabi say this government wicked hence they want ppl to pay for poverty
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