News
Banks To Charge N1 per N1,000 Debit Transactions On a Current Account
Since the CBN ordered them to stop deducting COT on customers accounts with effect from this month, they have unveiled another method of stealing customers money by introducing what they call ‘a maintenance fee’. and they say it has the blessing of the CBN.
The amount to be deducted is N1 per N1,000 debit transactions on a current account. It does not affect savings account.
So if a customer withdraws N1million from his account, the bank lays claim to N,1000 out of the money. If one withdraws N2million, the bank charges a ‘maintenance fee’ of N2,000, according to a circular sent by one of the banks today.
This is the second maintenance fee bank customers will pay. The banks also charge ‘maintenance fee on ATM cards.
“We wish to inform you that effective January 2016, all customer initiated debit transactions on current accounts will attract a maintenance fee of N1(One Naira) per N1000(One Thousand Naira).
“This is in accordance with Central Bank of Nigeria’s (CBN) recent circular to all banks, stating that current account maintenance fees should be charged.”
-
News2 days ago
Uniport Lecturer Spotted Harassing Female Student In Office; Mgt Reacts (Video)
-
Celebrity Gossip & Gist2 days ago
Davido’s manager, Asika speaks on why Davido is yet to collaborate with Wizkid, Burna Boy on a song
-
News2 days ago
Man shares encounter with applicant who came for job interview after insulting him online
-
News14 hours ago
More trouble for Emefiele as EFCC accuses him of printing N684.5m naira notes with N18.9bn