2017-04-21 | BPS/DIR/GEN/CIR/04/004

Re: Circular On National Implementation of The Cash-Less Policy

The Central Bank of Nigeria has suspended the new withdrawal and deposit processing fee charges for accounts above a certain threshold. The policy reverts to the previous charges for individual and corporate accounts, as indicated in the table provided. The policy on third-party cheques remains unchanged, and banks are instructed to reverse any new charges applied from April 1, 2017, and refund customers accordingly.

Nigeria

Central Bank of Nigeria

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