Tag: Charges

Banks introduce N100 monthly ATM fee

Following the scrapping of the N100 withdrawal charges on Automated Teller Machines by the Bankers Committee, some banks are planning to introduce monthly maintenance fee on ATM cards. Investigations by our correspondent revealed that, though only one of the banks had announced the introduction of the fee from this month, […]

CBN returns N5bn illegal bank charges to customers

The Central Bank of Nigeria has said that it has recovered  and returned to customers a total of N5bn wrongfully taken from depositors by banks operating in the country. It also said it would focus on the protection of consumers of products being brought to the market by banks over […]