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OFFICIAL! CBN slashes banks’ ATM withdrawal fee from N65 to N35

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The Central Bank of Nigeria has issued new guidelines to banks in Nigeria that would see charges on ATM withdrawals in a separate bank’s machine after a third monthly transaction now be N35 as against the former N65.

According to the new guidelines, customers who use their ATM cards to withdraw cash in machines other than those of their banks, will now pay N35 per withdrawal after the first three withdrawals in a month.

The apex bank also fixed N1,000 to replace or renew a debit card.


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