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The Central Bank of Nigeria has re-introduced bank charges on Automated
Teller Machines. Bank customers as from 1st of September, 2014 will now
pay N65 when they make use of other banks ATMs. Though in the
directive, CBN stated that the first 3 withdrawals in a month on other
bank ATMs will be free but subsequent one will be charged at N65 per
transaction.
It will be recalled that banks were charging N100 per transaction on ATM machines before the Central Bankcancelled it in December 2012 and made it free. Now it’s back with a reduction of N35.
It will be recalled that banks were charging N100 per transaction on ATM machines before the Central Bankcancelled it in December 2012 and made it free. Now it’s back with a reduction of N35.