The Central Bank of Nigeria, CBN, has threatened to sanction banks that limit Automated Teller Machines (ATM) withdrawal to less than N20,000 per transaction. The apex bank disclosed this in a document addressing concerns over the reviewed fees on ATM withdrawal. Recall that CBN on Tuesday increased ATM transaction withdrawal fees, saying, from March 1st, bank customers will pay N100 charge for every N20,000 withdrawal from the on-site ATM of other banks. The CBN in a circular to banks and other financial institutions, the CBN said, “ATM Transaction Fees On-Us…
Read MoreCBN To Sanction Bankswith ATM Withdrawal Limit Below N20,000
