NewStats: 3,265,239 , 8,186,101 topics. Date: Saturday, 14 June 2025 at 02:20 AM 5m102t

The Central Bank of Nigeria (CBN) has proposed a N100 monthly chargeon every debit card (ATM card) in the country.
The new charge is separate from the existing N65 charge after the third withdrawal within the same month.

A monthly maintenance fee of N100 was also proposed every month for anaira dominated debit card when used, and a N50 charge for other months when the card is used or not.
In its draft on the“guide to charges for banks and other financial institutions in Nigeria”, CBN has alsoproposed a N4,200-per-annum charge on foreign currency denominated cards as maintenance fee.

The apex bank has also proposed a N50 charge on every cheque leaflet obtained and used at the deposit money bank’s counter, The Cable reports.This is not the same as the collectioncharge on cheques, which is also proposed to be“one percent of cheque value or Naira equivalent of US $10 whichever is lower”.

The circular, signed by Kevin Amugo, director financial policy and regulation department, stated:

“The Central Bank of Nigeria is currently reviewing the extant Guide to Bank Charges, which came into effect on April 1, 2013,”

“The review, which is in line with the philosophy of periodically ensuring that the provisions of the guide accord with current realities, also seek to address complaints from customers of financial services, requests for clarification on provisionof the guide and absence of a tariff regime for other financial institutionsin Nigeria.

source
https://www.naij.com/765237-cbn-introduces-new-monthly-charge-atm-cards.html?_e_pi_=7%2AGE_ID10%2C1350216675

so this govt wants to start collecting dues from the citizens.....


just because crude oil money is no more forthcoming. .



nigeria is doomed!

blame apc

Lol .hahahahahahah a hahahaha. ...God punish this kind of change oooooooo

Useless policy by useless heads, i tell u the problem of Nigeria is not corruption but bad leaders

Blood of Buhari.

God no go let una kill us.

I'm tired

Buhari will finish off this country.. Mark my word..

Before the end of Buhari regime Nigerians must have faced themselves in war.. .

This will never end up well.. I have seen how it will all end..



I accept we have collectively voted seasoned criminals into power..
But, God is this punishment not too much for us..
Pls consider our ignorance and the fact that they lied and deceived us before we voted and have mercy..

I don't get this...

Virtually every time we hear news about this Government, they are increasing hardship on the citizenry.

Na Thunder go Fire una there!

What kind of useless and heartless Government is this, they keep on exploiting poor citizens any how .

But PMB should have told us all these wicked levies while he was campaigning, by now he would have been back in Daura grazing his 230 cows and plastering his inherited mud house, God punish all who have determined to make life more difficult for Nigerians

Only IPOB youths and PDP ers are complaining of hardship - Ngige

if true, thats too bad. seun, what do you have to say? mynd44, the die hard APC representative on nairaland do you love this policy? either the order is from FG to CBN or not, it happens under APC led FG

Good decision. The most anticipated change has finally come. Wailers and IPOD yoots over to you

Wailers gonna wail

I have said it repeatedly that Emefiele is more interested in helping DMB'S to fleece Nigerians than in regulating them. All his policies are favourable to the banks than to Nigerians.

Government needs to stop appointing DMB MD's as CBN governor because they can't manage the conflict of interest that comes with the position. All they do is protect their banking investments instead of regulating. We need seasoned economist who have no heavy banking investments to protect as CBN governor.

Why is living in one's fatherland now more expensive than overseas.?

U pay tax
Pay 100 on atm every month
Pay 65 naira on atm in other banks
Pay 170 naira on every online transactions to other banks (105 and 55 naira)
Pay 50 naira bank stamp

Police go stop u for road u pay minimum 1k

Area boys go hail u, u pay 500.

Armed robbers go still come sweep the entire purse.

Maka why na

They forced all banks' customers to get debit card, now those customers are about to be forced to pay unnecessary charges for what did not willingly acquire. Now I know that Aninih was an amateur in robbery. This move by CBN is another form of crime. Money Ritual has taken different numerous forms. Uwa mmebi!

seunmsg:
Emefiele

Why Emefiele? This same man served under Jonathan and nothing like this happened......this is about Buhari leave it or take it.

Na wa oo! This regime might be d end of one Nigeria as am seeing it. When oil was on high side there were no special benefits for the masses but now oil price has fallen the masses are now the ones paying for it not the polithiefcians. It's not fair oo!

Ratello:

Why Emefiele? This same man served under Jonathan and nothing like this happened......this is about Buhari leave it or take it.

What will Buhari benefit from ATM card charges?

Is the charges going into the coffers of government or the banks?

Just like I said on a thread earlier today, we apportion blames based on sentiments and emotions instead of common sense and pragmatism. Instead of calling out the greedy banks and their CBN collaborators, most of you are shouting Buhari. What has Buhari got to do with this?

Upon the suffering and lack of money, dis govt is still imposing charges...buhari must be a very wicked man i swear. He's too insensitive

seunmsg:


What will Buhari benefit from ATM card charges?

Is the charges going into the coffers of government or the banks?

Just like I said on a thread earlier today, we apportion blames based on sentiments and emotions instead of common sense and pragmatism. Instead of calling out the greedy banks and their CBN collaborators, most of you are shouting Buhari. What has Buhari got to do with this?

You have a point, seriously we should transfer our complains to the body involved, but hope you know the federal government have a role to play to, they can equally draw their attention to the complaints of the populace.

Time to return back to my "kolo" means of saving money, no visible and hidden charges. Express withdrawal without hiccups

Change chains

I see people bying bank transactions with all these charges. Some banks will surely lose customers as people with 2 or 3 bank Atms will have to stick to one bank.

Whatever Buhari chop from us. Its well. 2019, make him just pack him load.

Smh

xmileeasy:
Time to return back to my "kolo" means of saving money, no visible and hidden charges. Express withdrawal without hiccups

lmao. They might force some people to this o

We told dem oh... Vote #GEJ dem no hear... Shey u don c d change u vote for

That is change Yoruba voted for