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Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal - Business (2) - Nairaland 1b1k2l

Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal (29371 Views)

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Btruth: 10:00pm On Mar 01
I don't get 🤷..... Which one is onside & offside again? 🤔

2 Likes

ennon92(m): 10:00pm On Mar 01
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KIDfurniture(m): 10:01pm On Mar 01
Tilubu will touch everybody before he dies

1 Like

Ontarioo: 10:02pm On Mar 01
Now you can see ATM working 24/7.
This is going to fuel bank robbery. Especially in the west.
POS people will start advertising job opportunities on LinkedIn now. cool

4 Likes

Artscollection: 10:02pm On Mar 01
essentialone:
This is extreme wickedness. But I love it. The announcement was made long ago. No protests. No complaints. We all relaxed. That shows we are ok with it. So no need to complain now.

Exactly my thoughts, those politicians are enjoying the show

4 Likes 1 Share

ennon92(m): 10:02pm On Mar 01
Yekini Amoda Ogunlere why u wan choke us...Olorun ma fi ara ni e ATI awon ebi e

3 Likes

abibun: 10:03pm On Mar 01
Better to withdrawal from POS
merits(m): 10:03pm On Mar 01
It is high time to embrace cashless transformation.
BoldBrainz(m): 10:03pm On Mar 01
Even banks don dey collect POS charges😅. This country need Ijaw massage.

9 Likes 1 Share

malali: 10:05pm On Mar 01
Btruth:
I don't get 🤷..... Which one is onside & offside again? 🤔

A player is offside if they are ahead of the second-last defender when the ball is played to them and they interfere with play. No offside for goal kicks, throw-ins, or corner kicks. VAR checks tight calls using semi-automated technology.

.

2 Likes

malali: 10:05pm On Mar 01
The government is trying to reduce cash spending, they want to force the economy to using cards payment.

1 Like

francisbarrack(m): 10:05pm On Mar 01
History will neva forget Tinubu... aka. T pain.
He will still implement more hardship for Nigerian. He is implementing more hardship for d masses. May God intervene.

1 Like

snowball11(m): 10:10pm On Mar 01
A country ruled by idiots! grin

6 Likes

Enemyofpeace: 10:12pm On Mar 01
Very good. All of una go suffer
okeke6969: 10:16pm On Mar 01
Your voice cannot be heard through Nairaland. It is an effort in futility.
When Nigerians are ready, they will know what to do.

8 Likes

JagaLove: 10:19pm On Mar 01
Nigerians wiil moan in private and keep quiet as usual

7 Likes

Moveittothem: 10:19pm On Mar 01
Teammc:
Time for banks to cashout. Some no go allow you collect 5k at once, so if I'm withdrawing 20,000 with ATM machine that only dispense 5k, I will be paying 400# charges. Na wa oo, make una kuku kill us na. See as these people dey unveil shege banza one after the other and no one is talking about it. No action, whatever they throw at us, we accept. It is well sha

They made sure Nigerians are divided along ethnic lines by useful educated illiterates.

We can't stand against it with one voice.

6 Likes 2 Shares

Alliswell248: 10:20pm On Mar 01
Teammc:
Time for banks to cashout. Some no go allow you collect 5k at once, so if I'm withdrawing 20,000 with ATM machine that only dispense 5k, I will be paying 400# charges. Na wa oo, make una kuku kill us na. See as these people dey unveil shege banza one after the other and no one is talking about it. No action, whatever they throw at us, we accept. It is well sha
Threaten to report them to the CBN...
They would load the ATM with cash
It's 100 for 20k or less.
2RightHands1Coc(m): 10:26pm On Mar 01
We are now buying naira

Naija dey rotten before our korokoro eyes

3 Likes

nurez305(m): 10:29pm On Mar 01
Teammc:
Time for banks to cashout. Some no go allow you collect 5k at once, so if I'm withdrawing 20,000 with ATM machine that only dispense 5k, I will be paying 400# charges. Na wa oo, make una kuku kill us na. See as these people dey unveil shege banza one after the other and no one is talking about it. No action, whatever they throw at us, we accept. It is well sha
it was stated that 100 naira for every 20k withdrawal and 100 naira on any amount after the 20k withdrawal. I guess you won't be charged for 5k until your withdrawal enter 20k

3 Likes 1 Share

symbianDON(m): 10:37pm On Mar 01
This government is a government of wickedness. Pure and simple.

5 Likes

JuanDeDios: 10:38pm On Mar 01
post=134356215:


Many People Will Not Use ATM MACHINE ooo

To Avoid This 100naira And 600naira Charges.
N100 for 20k is still far cheaper than POS naa.

2 Likes

Emco1: 10:40pm On Mar 01
Tinubu is really squeezing Nigerians. Landlord is dealing with the citizens, Government is doing theirs. What is the use of money they are making on the sale of oil and gas? What of the billions they are making from ports on the importers? What are they use for?

2 Likes

JuanDeDios: 10:40pm On Mar 01
nurez305:
it was stated that 100 naira for every 20k withdrawal and 100 naira on any amount after the 20k withdrawal. I guess you won't be charged for 5k until your withdrawal enter 20k

"CBN further clarified that Nigerians withdrawing less than N20,000 from another bank’s ATM will still be charged N100 per transaction."

So, unless you're a Ghanaian, you will pay that N100 for 5k. Or 1k.
Uche559(m): 10:42pm On Mar 01
Just when u r celebrating reduction in food price, they hit u with another one again n d cycle continues. But they say things r getting better. They will give u with right hand n still collect with left hand again.

4 Likes

nurez305(m): 10:43pm On Mar 01
JuanDeDios:


"CBN further clarified that Nigerians withdrawing less than N20,000 from another bank’s ATM will still be charged N100 per transaction."

So, unless you're a Ghanaian, you will pay that N100 for 5k. Or 1k.
ok, best thing now is to locate your bank and withdraw
Autobiography: 10:44pm On Mar 01
MartinsD12(m): 10:45pm On Mar 01
UDOKABESTLUV:


Source: https://tribuneonlineng.com/banks-begin-n100-on-site-atm-charges-n600-for-off-site-per-n20000-withdrawal/
The 100 naira ATM charge for 20k is not really the problem here the problem is will banks ATM have cash available at all time , pos business came as a result of banks failure to have cash available in their various ATM, now if bank doesn't dispense cash 20k no nonsense CBN should charge any body 100 naira , this will make POS charge to increase now but if banks can make cash available in ATM and increase that withdrawal limit to 100k a day , 20k is small .
Obapluto: 10:46pm On Mar 01
Crypto don finish me
tnerro1(m): 10:48pm On Mar 01
All APC government know how to do is to collect, nothing has been given to the masses since this istration came into office

1 Like

Konjiboii: 10:48pm On Mar 01
Don’t cry for me Argentina

1 Like

JuanDeDios: 10:48pm On Mar 01
Uche559:
Just when u r celebrating reduction in food price, they hit u with another one again n d cycle continues. But they say things r getting better. They will give u with right hand n still collect with left hand again.
N100 for 20k is far cheaper than POS withdrawal naa. If they start making cash available at the ATMs, which I believe is the objective, this works better for the public.

1 Like 1 Share

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