Three things to know about CBN's new ATM charges

Three things to know about CBN's new ATM charges

The Central Bank of Nigeria on Monday, 10 February 2025, announced fresh guidelines for the use of Automated Teller Machines, ATMs. The details of the guidelines were contained in a circular to all Nigerian banks, signed by the apex bank’s acting Director of the Financial Policy and Regulation Department, John Onojah. DAILY POST, in this report, outlines three key things bank customers should know about the new ATM withdrawal guidelines. Increas…

Three implications of CBN’s new ATM charges, begins March 1

By, Joke Thomas The Central Bank of Nigeria on Monday, 10 February 2025, announced fresh guidelines for the use of Automated Teller Machines, ATMs. The details of the guidelines were contained in a circular to all Nigerian banks, signed by the apex bank’s acting Director of the Financial Policy and Regulation Department, John Onojah. YOUNEWS ...

StatePress NG: JUST IN: CBN announces new ATM transaction fees

CBN ends free withdrawals for customers using other banks' ATMs

The Central Bank of Nigeria (CBN) has stopped the three free monthly withdrawals previously allowed for customers using other banks’ ATMs. In a circular dated February 10, 2025, the apex bank directed all banks and financial institutions to implement new ATM withdrawal charges from March 1, 2025. This means customers will now pay for every …

CBN reviews ATM transaction fees, removes free monthly withdrawal fee from other banks ATM - Worldstage

WorldStage Newsonline– The Central Bank of Nigeria has announced new Automated Tellar Machine ( ATM) withdrawal guidelines including removal of three free monthly withdrawals allowed in other banks’ ATM. The apex bank in a circular signed by it Ag. Director, Financial Policy and Regulation Department, John Onojah imposed a withdrawal fee of between N100 and N600 for every N20,000 worth of interbank ATM withdrawals due to rising cost  and the nee…

CBN Ends Free ATM Withdrawals, Introduces New Charges - InsideBusiness - Business News in Nigeria

The Central Bank of Nigeria (CBN) has foisted new charges of N600 on N20,000 withdrawals, scrapping the three free monthly withdrawals previously granted to banks’ customers using other banks’ Automated Teller Machines (ATMs). In a circular dated February 10, 2025, and signed by John S. Onojah, Acting Director of the Financial Policy and Regulation Department, the apex bank announced that the new policy applies to all banks and financial institu…