The Central Bank of Nigeria, CBN has reviewed downward charges and fees for banking services. - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
December 23, 2019
This is contained in the new guidelines for banks,other financial, and non-bank financial institutions released by the apex bankin Abuja.
According to the bank’s Director, CorporateCommunications Department, Isaac Okorafor, the guidelines will take effect fromJan. 1, 2020.
Okorafor, while briefing newsmen said the step was infurtherance of the bank’s quest to make financial services more accessible andaffordable to various stakeholders in the economy.
He explained that some major highlights of the newguidelines included the removal of Card Maintenance Fee, CAMF on all cardslinked to current accounts.
The Bank’s Spokesman said there would be a maximum ofone Naira per mille for customer-induced debit transactions to third partiesand transfers or lodgments to the customers’ account in other banks on currentaccounts only. He said the reduction was from 65 naira to 35 naira after thethird withdrawal within one month, and other charges.