L
LequteMan
Guest
The Central Bank of Nigeria, CBN, in a draft, has proposed these new charges for various transactions in the country.
Related: CBN Proposes Fresh N50 Charge On Cheque Leaflets
However, everything's not set in stone yet. The apex bank has called on the public to contact its authorities and express what they think about the charges.
Related: CBN to Introduce New Charges on ATM Cards in Nigeria
Related: CBN Proposes Fresh N50 Charge On Cheque Leaflets
- a N50 charge on every cheque leaflet obtained and used at deposit money banks' counters.
- an N100-per-month maintenance charge on every debit (ATM) card. This is separate from the existing N65 charge after the third withdrawal within the same month. If the card wasn't used in a month N50 will be deducted.
- a N4,200-per-annum charge on foreign currency denominated cards as maintenance fee.
- The CBN is also proposing a charge of a N100 on Form A, which is used by students to apply for forex on school fees, medical bills, and travel allowances.
- Form M, which is predominantly used by manufacturers to import goods not on the CBN prohibition list, is proposed to henceforth cost “N1,000 in addition to maintenance fee on e-Form platform in line with CBN directive”.
However, everything's not set in stone yet. The apex bank has called on the public to contact its authorities and express what they think about the charges.
Related: CBN to Introduce New Charges on ATM Cards in Nigeria
