Vanguard Allure

Top Menu

  • Vanguard

Main Menu

  • Home
  • Allure Magazine
    • Features
    • Magazine
    • Profiles
  • Allure TV
  • Celebration
    • Fashion & Style
    • Weddings
    • Lifestyle
    • Events
  • Wellbeing
    • Allure Woman
    • Healthy Living
    • Beauty
  • Happiness
    • Food
    • Shopping
    • Travel
    • Relationships
    • Career
  • News
  • Vanguard

logo

Vanguard Allure

  • Home
  • Allure Magazine
    • Behold Nollywood's Game Changing Producers

      May 15, 2022
      0
    • Faith Morey: Supermodel Living Her Dream

      May 9, 2022
      0
    • Linda Uneze: The Transformational Coach

      May 1, 2022
      0
    • Kate Henshaw: Fighting for Women’s Rights

      April 24, 2022
      0
    • King Hakbal: Styling Royalties

      April 17, 2022
      0
    • Aisha Gambo: In Pursuit of Sustainable Development

      March 29, 2022
      0
    • IWD: Women who broke glass ceilings

      March 14, 2022
      0
    • IWD: Women Bridging Gender Gaps

      March 7, 2022
      0
    • Zikel Cosmetics introduces SkinFit collection to the Nigerian market

      March 2, 2022
      0
    • Features
    • Magazine
    • Profiles
  • Allure TV
  • Celebration
    • Fashion & Style
    • Weddings
    • Lifestyle
    • Events
  • Wellbeing
    • Allure Woman
    • Healthy Living
    • Beauty
  • Happiness
    • Food
    • Shopping
    • Travel
    • Relationships
    • Career
  • News
    • Rihanna welcomes son with A$ap Rocky

      May 19, 2022
      0
    • Chris Rock likely to host 2023 Oscars after stage slap by Will ...

      May 19, 2022
      0
    • Josh2funny welcomes baby boy with wife

      May 18, 2022
      0
    • Actress, Chioma Toplis blames Leo Mezie for his death

      May 18, 2022
      0
    • Swanky JKA opens up on losing uncle, cousin, dad in one year

      May 18, 2022
      0
    • Uche Ogbodo recounts near death experience on birthday

      May 18, 2022
      0
    • Kourtney Kardashian ties knot with Travis Baker in Santa Barbara

      May 16, 2022
      0
    • Nollywood actor, Leo Mezie is dead

      May 16, 2022
      0
    • Adetola Okubanjo restates benefits of aromatic oils

      May 15, 2022
      0
  • My father’s kidnappers have refused to release him – Actor Uche Odoputa cries out again

  • US rapper, DaBaby alleges extortion at Nigerian airport

  • Rihanna welcomes son with A$ap Rocky

  • Chris Rock likely to host 2023 Oscars after stage slap by Will Smith

  • I’m not on Twitter – Obi Cubana warns fans against impersonation

News
Home›News›Banks ATM withdrawal charges slashed from N65 to N35 by CBN

Banks ATM withdrawal charges slashed from N65 to N35 by CBN

December 23,2019
Share:

Bank ATM withdrawal charges has been slashed from N65 to N35 by the Central Bank Of Nigeria (CBN)

This slash in withdrawal charges was announced by the Apex Bank on Sunday 22nd December.

It also mandated that this charges of N65 which is now N35 can only be imposed on a user after the third withdrawal in a month.

In the new Guide to Bank Charges, Card Maintenance Fee on all cards linked to current accounts was removed.

Bank customers will also now pay N10 for electronic transfers below N5,000, and N25 for electronic transfer between N5,000 and N50,000.

Only electronic transfer above N50,000 will attract N50 charge. Previously, bank customers pay N50 charge for electronic transfers below N500,000.

To control  excesses and disobedience by some financial institutions, the  CBN said that,

“Financial Institutions are to note that any breach of the provisions of this Guide carries a penalty of N2,000,000 per infraction or as may be determined by the CBN from time to time.

” Failure to comply with CBN’s directive in respect of any infraction shall attract a further penalty of N2,000,000 daily until the directive is complied with or as may be determined by the CBN from time to time.”

CBN’s Director of Corporate Communications, Isaac Okorafor also explained that the current NIP charges apply to use of Unstructured Supplementary Service Data (USSD).

Also, for cards linked to savings account, a maintenance fee has been reduced to a maximum of N50 per quarter from N50 per month amounting to only N200 per annum instead of N600.

 

TagsApex BankCBNchargesFinancial institutions
Previous Article

Get Busy, One of the 5 ways ...

Next Article

Motivation : Love is a commitment, just ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • NewsTrending

    OMG Advises CBN On How To Boost Nigeria’s Food Security

    March 27, 2021
    By Oluwamuyiwa Oyedele
  • News

    CBN introduces ₦6.98 Charge for USSD Transactions

    March 16, 2021
    By Dami
  • Allure MagazineNews

    Wife of CBN Governor, Margaret Emefiele regains freedom from abductors

    October 1, 2016
    By allure1
  • Allure MagazineInterviews

    Olusegun Awolowo: On Zero Oil Export

    May 8, 2017
    By allure1
  • News

    Information: All account holders in financial institutions to fill Self Certification Form – Government of Nigeria

    September 18, 2020
    By Nancy Akahalu
  • News

    Rinu says she plans to sue CBN for unlawfully freezing her account

    February 10, 2021
    By Dami
0

  • Allure MagazineNews

    Nollywood actress, Modupe Oyekunle, dies during childbirth

  • Allure MagazineEntertainmentNewsUncategorized

    Actress, Funke Akindele Bello caught digging it at Heathrow Airport

  • EntertainmentNews

    How I achieved my dreams of becoming an actor –  Boss Goody 

  • 5312
    Followers
  • 12744
    Likes

Timeline

  • May 20, 2022

    My father’s kidnappers have refused to release him – Actor Uche Odoputa cries out again

  • May 19, 2022

    US rapper, DaBaby alleges extortion at Nigerian airport

  • May 19, 2022

    Rihanna welcomes son with A$ap Rocky

  • May 19, 2022

    Chris Rock likely to host 2023 Oscars after stage slap by Will Smith

  • May 19, 2022

    I’m not on Twitter – Obi Cubana warns fans against impersonation

Categories

Subscribe to our Newsletter

Sign up to receive email updates and to hear what's going on with our magazine!

  • Recent

  • Popular

  • Comments

  • Uche Odoputa missing father

    My father’s kidnappers have refused to release him – Actor Uche Odoputa cries out again

    By Ashimedua
    May 20, 2022
  • US rapper, DaBaby alleges extortion at Nigerian airport

    By joy onuorah
    May 19, 2022
  • Rihanna welcomes son with A$ap Rocky

    By joy onuorah
    May 19, 2022
  • Chris Rock likely to host 2023 Oscars after stage slap by Will Smith

    By joy onuorah
    May 19, 2022
  • Chioma Jesus, Sammie Okposo, Midnight Crew set for #THUGGLA2018

    By RITA
    April 24, 2018
  • American rapper, Kendrick Lamar wins Pulitzer prize for 2017 ‘Damn’ album

    By RITA
    April 17, 2018
  • Afrobeat singer, Seun Kuti drops new album titled ‘Black Times’ 

    By RITA
    April 23, 2018
  • Actor, Yul Edochie declares intention to run for presidency

    By RITA
    April 23, 2018

Entertainment

  • May 19, 2022

    Chris Rock likely to host 2023 Oscars after stage slap by Will Smith

  • May 19, 2022

    Actress Chika Ike wows fans with alluring photos

  • May 19, 2022

    BBNaija: Organizers announce date for Shine Ya Eye reunion show

  • May 18, 2022

    Why I left ‘The Johnsons’ comedy series – Seun Osigbesan

  • May 18, 2022

    Uche Ogbodo recounts near death experience on birthday

Follow us