CBN Cut ATM Withdrawal & Inter-Bank Transfer Charges

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Reports have it that the Central Bank of Nigeria (CBN) has reduced the charges imposed on Automated Tell Machine (ATM) withdrawals and as well as inter-bank transfer fees.

The new charges development which was issued to all commercial banks, Other Financial Institutions, and Non-Bank Financial Institutions across Nigeria was announced through a notice by the Director of Financial Policy and Regulation Department, Mr. Chibuzor Efobi, which was titled  “RE: GUIDE TO CHARGES BY BANKS, OTHER FINANCIAL AND NON-BANK FINANCIAL INSTITUTIONS”.