Tag Archives: Nigerian banks will charge you 2% for every deposit above N500

March, 2020

• 12 March

  From March 31, Nigerian banks will charge you 2% for every deposit above N500,000

  

  Adams Kokori, Financial correspondent. From March 31, Nigerians will pay additional charges for paying and withdrawing cash above N500,000 The new charges include a 2% processing fee for cash deposit and 3% processing fees for a withdrawal above N500,000. For corporate accounts, it is 5% and 3% for withdrawal and deposit above N3 million. CBN believes the new policy will ...

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