Banks to Stop N100 Charge for Inter-bank ATM Withdrawals on Monday 17th December 2012

Posted on Tuesday, December 11th, 2012 at 7:22 AM

By Adeola Adeyemo

On Tuesday 13th November 2012, the Bankers’ Committee of the Central Bank of Nigeria, CBN, approved the removal of the N100 charge on customers who use the Automated Teller Machines (ATMs) of banks other than theirs. This news was well received by Nigerians who have eagerly been waiting for the implementation of the removal since then.

Thankfully, the Bankers’ Committee on Sunday said the decision earlier reached to suspend all charges accruing from the use of ATMs of other banks would be implemented from Monday 17th December, 2012.

According to Channels TV, the Governor of the Central Bank of Nigeria (CBN) and Chairman of the Bankers’ Committee, Sanusi Lamido Sanusi disclosed this while addressing journalists at the end of the fourth annual Bankers’ Committee retreat held in Calabar, Cross River State.

We have agreed on a final date of Monday, 17 December, 2012 for the kick-off when every bank will remove the charges. We allowed some time for banks that have not configured their IT to do so and stop charging and hopefully by 17th of December, you are not going to have any customer pay additional charges,” he said.

And so, Nigerians eagerly await  Monday 17th December, 2012 for an opportunity to make withdrawals on any bank’s ATM without being charged N100.

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  • 8 Comments on “Banks to Stop N100 Charge for Inter-bank ATM Withdrawals on Monday 17th December 2012”

    Comments
    • duru grace December 11, 2012 at 12:04 PM

      May God bless una as una won comot de charges bcos de bank way me de use e to far so I dey use de one way de close to me. Nd I dey go bank mostly everyday una plan gud wellwell may God bless una as una won do am in jesus name

    • huh? December 11, 2012 at 1:47 PM

      Wowww,I thought it has been implemented,I was even cursing today,wen I made withdraw and N100 was still charge..hope anoda story won’t come up again..long way to go naija

    • Haruna Dadum Hamza December 11, 2012 at 2:22 PM

      This is a good development and we thank Sanusi Lamido Sanusi for the job well done.

    • Dan Ofem December 11, 2012 at 2:38 PM

      I really appreciate you all for taking such a good steps towards dis banking issues of ours and i will also use this media opportunity to ask the committee to kindly look into this issues of sms alert of a thing been implemented by all banks cos the charges are high thanks once again honourable chairman committee of bankers .

    • odiki mike December 11, 2012 at 2:52 PM

      this a good development from sanusi lamido for the job done

    • balo December 11, 2012 at 3:41 PM

      This is the first time I see this guy Sanusi doing something reasonable. Try next time to remove N500 and N200 note from circulation or better still remove the last zero from our currency

    • Harun sako December 11, 2012 at 4:04 PM

      This is welcome development and it is highly comendable for CBN under leadership of sanusi lamido sanusi.
      Welldone o.

    • ada December 12, 2012 at 1:10 PM

      They should implement it already mtchewww