The Central Bank of Nigeria and the Bankers Committee, Tuesday upheld the termination of all charges associated with the use of Automated Teller Machines.
This was made known during a meeting between the committee made up of Chief Executive Officers of Deposit Money Banks, and directors and top officials of the CBN.
Group Managing Director, First Bank of Nigeria Plc, Mr. Bisi Onasanya said; Onasanya said, “We have decided to stop forthwith charges for usage of ATMs. Currently, when you use the ATM for a bank other than your bank, there is a charge of N100, which is borne by the account holder.
“We have decided that we will work out the modalities that will ensure that with immediate effect, we will pass on these costs to the respective banks; we will bear the cost of providing these services so that no matter where you are drawing your money from, you will not be subjected to any charge for using the ATM.”
Before now, N100 is deducted from account holder's account per withdrawal any time they used ATMs other than the ones that belonged to their banks.
Posting Komentar