Zero ATM Bank Charges Come Into Effect Amid Low Public Awareness

Investigations reveal that
most banks have cancelled
the N100 service charge on
customers' use of
Automated Teller Machines
(ATM) withdrawal from
banks other than their own.
Nigerian-Banks-To-Stop-Charging-N100-For-Inter-Bank-ATM-Withdrawals
A visit to some banks in
Abuja earlier today showed
that the banks had since
complied with the new
directive which was agreed
on Dec. 9 at the fourth
annual Bankers' Committee's
retreat held in Calabar.
We also noticed that some
bank customers are either
not aware of the new trend
as long queues could be
seen at certain banks' ATMs
whereas other nearby banks
were almost free of
customers or had very short
queues.
The new zero ATM charges
throughout the country
came into effect from
Monday, 17th December and
despite the initial scepticism
that greeted its
announcement, Malam
Sanusi Lamido Sanusi, CBN
governor and Chairman,
Bankers' Committee, had
said that CBN would monitor
the effective implementation
of the cancellation.