Banks to stop N100 ATM charge Dec 17

Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi
The Central Bank of Nigeria has said that customers of deposit money banks will no longer pay N100 on withdrawals from Automated Teller Machines whenever they use banks other than theirs starting from December 17, 2012.
The Governor, CBN, Mr. Lamido Sanusi, said on Sunday at the fourth Annual Retreat of the Bankers Committee in Calabar, that the  bank would begin the effective implementation of the removal of bank charges associated with the use of other banks’ ATMs by customers from next Monday.
Sanusi said, “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.”

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