Gist: Avoiding the N65 ATM Charge: Sticking with your Bank ATM  (Read 1172 times)

0 Members and 1 Guest are viewing this topic.

Avoiding the N65 ATM Charge: Sticking with your Bank ATM
by flukky01 « on: September 08, 2014, 07:56:54 AM »




As the N65 charge on the use of other banks’ Automated Teller Machines, ATMs commenced last week, as announced by the Central Bank of Nigeria, CBN, customers have been cautious on its usage as most customers used their banks’ATMs - A visit to some of the banks last week showed that about 95 per cent of the people seen withdrawing money from the ATMs was customers of their respective banks.

When asked why they prefered to remain in queue instead of utilising other banks’ ATMs where there were fewer queues, the customers said that they were avoiding the N65 extra charges as announced by the CBN.

The CBN had explained that the introduction of fees on Remote –On-Us ATMs was a result of the abuse in the use of ATMs , which provided additional costs to the banks.

Therefore, with the introduction of N65 charge on Remote-On-Us ATMs, customers would be very careful in using the ATMs of other banks other than theirs, since it attracts a little fee on the fourth time usage in a month.

However, some people have argued that the introduction of N65 fees on Remote – On –Us will frustrate cashless policy of the apex bank.
- Vanguard News


 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1404 Views
Last post March 18, 2013, 08:50:15 PM
by olaniyi
0 Replies
797 Views
Last post May 31, 2013, 09:28:13 PM
by clowntom
0 Replies
544 Views
Last post July 10, 2013, 07:04:56 AM
by Lulu
0 Replies
709 Views
Last post September 28, 2013, 08:09:26 PM
by dayod247
0 Replies
2180 Views
Last post January 08, 2014, 09:39:48 AM
by diranfbi
0 Replies
1171 Views
Last post September 12, 2014, 10:11:55 AM
by flukky01
0 Replies
1221 Views
Last post November 11, 2014, 08:42:03 AM
by flukky01
0 Replies
898 Views
Last post January 22, 2015, 07:00:27 AM
by olutee
0 Replies
715 Views
Last post July 02, 2015, 01:02:10 AM
by olutee
0 Replies
293 Views
Last post November 19, 2016, 07:01:40 PM
by linda