CBN Reviews Bank Charges; Read Summary

A. Electronic transfers:

1. N10 for interbank trans less than N5000

2. N25 for interbank trans between N5,001 – 50,000

3. N50 for interbank trans above N50,000

B. ATM Withdrawal

N35 (previously 65) after 3rd withdrawal in a month, on another bank’s ATM.

C. Card Maintenance Charge

1. N50 every 3 months for Savings ( Now quarterly as against the current monthly charge)

2. Zero for Current

D. Account Maintenance Charge

1. Zero for Current

2. Applicable to current accounts only on customer induced transactions

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