CBN reduces ATM withdrawal charges to N35



The Central Bank of Nigeria has reduced the withdrawal fee charges for the use of other banks’ ATM’s from N65 to N35.

This is to take effect from January 1, 2020.

The N35 fee according to the CBN is to be deducted from customer accounts  after the third withdrawal within one month.

The new development is part of the major highlights of the new Guide to Bank Charges released by the apex bank on Sunday.

Other directives apply to:

Electronic Transfers

₦10 for transfer less than ₦5,000

₦25 for trans above ₦5,000

₦50 for trans above ₦50,000

Card Maintenance

₦50 every 3 months for Savings Account

Zero for Current Account

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