Wednesday, 8 May 2013

Bank Customers To Pay N100 ATM Maintenance Fee In Nigeria.

The Central Bank of Nigeria has directed bank customers to pay N100 annually for the maintenance of their automated transaction machine, ATM.

CBN, under Mallam Lamido Sanusi, in a recent directive to all banks operating in Nigeria stated that the annual fee replaces the monthly card maintenance fee, which banks were charging their customers in the past. reporter learnt from reliable sources that the directive is with immediate effect.
It could be re-called that over the years, Nigerian bank customers have grumbled over the erratic and reckless manners some banks have been deducting money from their accounts in the name of maintenance fee and other charges.

With the CBN directive, it is expected that the burdens of bank customers may have been made lighter, a bank official with Ecobank Group said today.

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