#Central_Bank_of_Nigeria What you Need to Know About the N65ATM charge1. Cash withdrawal at the ATMs of a customer’s bank is free2. The first three transactions in a month by the customer of another bank are FREE for the card holder but PAID FOR by the issuing bank3. The N65 charge only applies when a customer withdraws cash from another bank’s ATM. The N65 starts to apply from the 4th transaction at another banks’ATM in a month.4. The ATM charge is not intended to discourage financial inclusion5. Charging of fees on interbank networks is a widely acceptable practice globally6. The CBN will not endorse any anti-customer policy7. ATMs are deployed to ensure that customers enjoy banking convenience.Visit us at:cbn.gov.ngor follow us on twitter @cenbank or send your complaints to: [email protected]
Posted on: Wed, 27 Aug 2014 09:40:36 +0000
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