Summary of CBN Revised Bank Charges

new cbn policies, Summary of CBN Revised Bank Charges, SD news blog,, finance news Nigeria

A. Electronic transfers:

1. N10 for interbank trans less than N5000
2. N25 for interbank trans btwn N5,001 - 50,000
3. N50 for interbank trans above N50,000

B. ATM Withdrawal

N35 (previously 65) after 3rd withdrawal in a month, on another banks ATM.

C.  Card Maintenance Charge

1. N50 every 3 months for Savings ( Now quarterly as against the current monthly charge)
2. Zero for Current

D. Account Maintenance Charge

1. Zero for Current
2. Applicable to current accounts only on customer induced transactions