Monday, March 30, 2020
Home NEWS CBN reduces bank charges for transfer

CBN reduces bank charges for transfer

This is a great achievement in the banking industry as CBN decides to update certain difficult criteria inorder to reduce stress and avoid over taxing of customers.
Hello everyone it must have gotten to your notice that all transfer chargers has been reduced by Central Bank of Nigeria from N52.5 to a maximum of N10.75.

Another Good news is that the Central Bank of Nigeria has enerted a new policy on the immediate response on all fail monetary transaction within a maximum period of 24hrs. What this mean is that if you went to withdraw from an ATM machine and you were debited without getting paid, the bank must reverse your money back to your account in less than 24hrs or pay a fine of additional N10000 to your account, wow, isnt that great.

The time and stress on standing long queues in bank with a form for failed transaction and waiting for hours before been attended to and also waiting for days before you get back your money has been eliminated.

Hence forth all failed monetary debit whether withdrawal or transfer would be sent back into your account within 24hrs or they pay you a N10000 fine.

All you need do if your money wasnt revised is to send an email to the CBN using – “[email protected]” with your debit alert proofs and you are good to go, wow, this is a good news from the CBN to all Nigerians.


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