Wednesday, February 24, 2021
telegram SH
Whatsapp 9787748839374893773 1

images 23 1609798193847

Home Business Nigerian Bank Customers To Start Paying For Failed Transactions

Nigerian Bank Customers To Start Paying For Failed Transactions

The Central Bank of Nigeria, CBN, has directed Banks to start charging customers for failed transactions.

The move that will further increase the outrageous charges Banks impose on customers was imposed following a CBN directive earlier this year.

CBN directed banks to penalise customers who initiate direct debit transactions on their account but lack funds to complete the transaction.

Related Posts

In an email notice sent out to customers by Stanbic IBTC on Thursday, the penalty of one percent of the amount being transferred or N5000 of such, depending on the highest fee, will be charged against the customer who breach the new guideline.

According to IBTC, If there’s no money at the time of the failed transaction, the charge will be withdrawn from the account whenever it is funded.

Direct debit is a standing order initiated by an account holder that enables the bank to debit a specified amount from the customer’s account at an agreed date.

The guide to charges by bank and non-bank financial institutions was created to streamline the application of charges on various products and services offered by banks and other financial institutions in Nigeria to their customers.


Donate to support Freshreporters=>https://freshreporters.com/support

Join our Telegram Channel=>https://t.me/freshreporters

Like our Facebook Page=> https://facebook.com/freshreporters

Join our WhatsApp Group=> http://bit.ly/3sAh4zf

Follow Us on Twitter=>https://twitter.com/freshreporters

Join Our FACEBOOK GROUP=> https://bit.ly/3ilsqm1

Follow Us on Instagram=>https://instagram.com/freshreporters

Subscribe to our YouTube Channel=> https://bit.ly/3bLfnJj



DISCLAIMER
For publication of your news content, articles, videos or any other news worthy materials, please send a mail to thefreshrepo [email protected]

For Advert and other info, you can send a WhatsApp Message to +2347050565443


Join thousands of readers to receive daily Latest News:

telegram iconJoin our Telegram Group

facebook iconLike our Facebook Page

whatsapp iconJoin our WhatsApp Group

twitter iconFollow Us on Twitter

facebook iconJoin Our FACEBOOK GROUP

instagram iconFollow Us on Instagram

youtube iconSubscribe to our YouTube Channel


PROMO SALES!!! Get cheap WRISTWATCH, SHADES & BRACELET collections😘💃

wristwatch, shades, bracelet

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Viewed news