CBN Re-Introduces Bank Charges For ATM Withdrawals

The Central Bank of Nigeria as re-introduced bank
charges on Automated Teller Machines. Bank customers
as from 1st of September, 2014 will now pay N65 when
they make use of other banks ATMs.
Though in the directive, CBN stated that the first 3
withdrawals in a month on other bank ATMs will be free
but subsequent one will be charged at N65 per
transaction.
It will be recalled that banks were charging N100 per
transaction on ATM machines before the Central Bank
cancelled it in December 2012 and
made it free. Now it’s back with a reduction of N35.