News | Events | Digital PR | Advertising
Starting today, March 1, 2025, Nigerian banks will implement new charges for ATM cash withdrawals, following a directive from the Central Bank of Nigeria (CBN).
Same Bank Withdrawals: Customers withdrawing from their own bank’s ATMs will not be charged.
Other Bank Withdrawals: Withdrawals from ATMs of other banks will now attract a fee of N100 per N20,000 withdrawal.
On-Site ATMs (Within Bank Premises): A charge of N100 per N20,000 withdrawal applies.
Off-Site ATMs (In Malls, Fuel Stations, Etc.): A fee of N100 per N20,000 withdrawal, plus an additional surcharge of up to N500, may apply.
No More Free Withdrawals: The previous policy allowing three free monthly withdrawals from other banks’ ATMs has been removed.
The CBN says these changes are aimed at managing rising operational costs and improving ATM service efficiency nationwide.
Explore more
Outrage as UNIZIK Law Student Ajana Isabella Dies After Being Denied Access to Diabetes Medication
Tragedy has struck Nnamdi Azikiwe University, Awka, as a promising law student,...
Vikoko1 Mins read
Olubadan of Ibadan, Oba Owolabi Olakulehin, Dies Two Days After 90th Birthday
The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has passed away at the...
Vikoko1 Mins read
Nigeria Ranked 3rd Most Powerful Military in Africa by 2025 Global Firepower Index
Nigeria has been ranked as the third most powerful military force in...
Abiodun Azeez1 Mins read
America State Department Advises Americans in Iran to ‘Shelter in Place’; No Evacuation Plans Announced
The U.S. State Department has advised Americans currently in Iran to “shelter...
Femi Emmanuel1 Mins read
Leave a comment