New Central Bank of Nigeria's CBN Bank Charges 2022
CBN Bank Charges As a result of the new CBN guide, transactions below ₦5,000 would incur a maximum fee of ₦10; transfers between ₦5000 and ₦50,000 will attract a charge of ₦25; and transfers beyond ₦50,000 will receive a charge of ₦50. 2. The present account card maintenance cost has been eliminated because the accounts already have an account maintenance fee. Savings accounts will now be charged a card maintenance cost of ₦50 every quarter, rather than ₦50 every month. 3. The annual card maintenance cost for cards denominated in foreign currency (FCY) has been decreased from $20 to $10. 4. After the third withdrawal within a month, ATM fees are lowered to ₦35 from ₦65. 5. The charge for a hardware token will be based on cost recovery and will be capped at ₦2,500, down from the previous maximum charge of ₦3,500. 6. Fees for required SMS alerts will be based on a cost-recovery model, with a maximum price of ₦4 in place previously. 7. Payment of bills via e-channels will incur...