The Central Bank of Nigeria on Sunday, December 22, 2019, has issued a directive that the withdrawal fee charged for the use of other banks’ Automated Teller Machines is reduced from N65 to N35.
OduNews.com understands that ATM users are charged N65 on third withdrawal from other banks ATM (which is not the issuer’s ATM). Now, according to the CBN, customers will only be charged N35 after the third withdrawal within one month.
The new directive is part of the major highlights of the new Guide to Bank Charges released by the CBN on Sunday.
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