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:
₦10 for transfer less than ₦5,000
₦25 for trans above ₦5,000
₦50 for trans above ₦50,000
₦50 every 3 months for Savings Account
Zero for Current Account