https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
  • ABOUT US
  • CONTACT US
  • Latest Naija News Today
  • Privacy Policy
  • TheGeniusMedia – Latest News, Naija News, and World News
Wednesday, July 8, 2026
The Genius Media NG
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media NG
No Result
View All Result

Stop ATM Charges, Bank Customers Urge Central Bank of Nigeria (CBN)

Tgmedia by Tgmedia
November 26, 2018
in Banking
0
" data-ad-slot="">

RelatedPosts

BREAKING: After 12 Years at the Helm, UBA Appoints New Chairman As Tony Elumelu Retires

Panic As Providus Bank Customers Confirm Unauthorised Transactions Amid Data Breach

BREAKING: CBN Revokes Operating Licenses Of 46 Microfinance Banks [SEE FULL NAMES]

Some customers of commercial banks in the Federal Capital Territory have appealed to the Central Bank of Nigeria to stop charges on transactions made through Automated Teller Machines.

Advertisement. Scroll to continue reading.

The customers, who made the call in separate interviews with the News Agency of Nigeria in Gwagwalada on Monday, described the maintenance and transaction fees as well as other charges levied by the banks on ATM transactions as “worrisome and fraudulent”.

They noted that customers’ withdrawals with the ATMs of other banks had been unattractive because of the continued charge of N65 for every transaction, while commercial banks in the FCT had re-programmed their ATM.

They said that the ATMs of most banks in the FCT dispensed only N10,000 per transaction, adding that customers were, therefore, forced to make many withdrawals to enable the banks to earn more through charges.

The customers moaned that if they had a cause to withdraw N100,000 or more through other banks’ ATMs, it meant they would be made to part with more cash under the guise of ATM charges.

Mr Godwin Onmonya, a Zenith Bank customer in Gwagwalada, said that the ATMs of virtually all the banks in the neighbourhood dispensed a maximum of N10,000 per transaction.

“If you want to make withdrawals, you will discover that only a few ATMs are dispensing and they only dispense N10,000 per transaction.

“Recently, I wanted to withdraw above N100,000 and I went to another bank, only to discover that its ATM was dispensing only N10,000 per transaction.

“I also discovered I was charged N65 for every transaction, as I had exceeded the mandatory three withdrawals limit; this is outrageous,” he said.

Mr Abraham Gado, another bank customer in Kwali Area Council, said that he often received alerts for charges like management, maintenance and commitment fees as well as other frivolous charges after ATM transactions.

(NAN)

ADVERTISEMENT

Share this:

  • Email a link to a friend (Opens in new window) Email
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Reddit (Opens in new window) Reddit
  • Share on Tumblr
  • More

Like this:

Like Loading…
Previous Post

Femi Adesina Under Fire As BBC, AFP Journalists Debunk His Claims On Military Casualties

Next Post

NiBUCAA Announces Activities To Commemorate 2018 World AIDS Day

Related Posts

Banking

JUST IN: FirstBank’s Adeduntan Wins Global Banking And Finance’s Retail Banking CEO Award

by Tgmedia
June 8, 2021
0

JUST IN: FirstBank's Adeduntan Wins Global Banking And Finance’s Retail Banking CEO Award----While the age-old saying and philosophy of virtue...

Read more

Heritage Bank Partners LAWMA For Sustainable Greener And Cleaner Lagos…Launch Lagos Recycle Initiative

December 21, 2020
Wema Bank Shines At Global SME Finance Forum Conference Awards 2024

JUST IN: Wema Bank Shines At Global SME Finance Forum Conference Awards 2024

September 25, 2024
Next Post

NiBUCAA Announces Activities To Commemorate 2018 World AIDS Day

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Copyright © 2024 TheGeniusMedia.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from The Genius Media NG

Subscribe now to keep reading and get access to the full archive.

Continue reading

%d