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The Central Bank of Nigeria has announced that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine will still be charged a fee of N100 per transaction.

It is also important to note that a tiered fee structure will apply for transactions exceeding N20,000, with an additional N100 charged for each subsequent withdrawal of N20,000 or portion thereof.” ...

Consequently, not-on-us withdrawals, which is when customers make withdrawals at another bank will now attract a charge of N100 per N20,000 withdrawn from an ATM located within the bank.

The Central Bank of Nigeria (CBN) has confirmed that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine (ATM) will still incur a N100 fee per transaction.

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