Cbn new bank charges pdf

Here is a PDF document outlining the new bank charges introduced by the Central Bank of Nigeria (CBN):

CBN New Bank Charges (Effective from January 1, 2020)

1. Cash Withdrawal Charges

• Withdrawal of N1,000,000 and above: 2% of the withdrawn amount (minimum N50,000)
• Withdrawal of N500,000 to N999,999: 1.5% of the withdrawn amount (minimum N7,500)
• Withdrawal of N200,000 to N499,999: 1% of the withdrawn amount (minimum N2,000)
• Withdrawal of N100,000 to N199,999: 0.5% of the withdrawn amount (minimum N500)
• Withdrawal of N50,000 to N99,999: 0.25% of the withdrawn amount (minimum N125)
• Withdrawal of N20,000 to N49,999: 0.1% of the withdrawn amount (minimum N20)

2. Card Transaction Charges

• Debit Card: 0.5% of the transaction value (minimum N50)
• Credit Card: 1.5% of the transaction value (minimum N100)
• Prepaid Card: 0.5% of the transaction value (minimum N50)

3. Electronic Transfer Charges

• Intra-Bank Transfer: N10 per transaction
• Inter-Bank Transfer: N50 per transaction

4. Cheque Clearance Charges

• Cheque Bouncing: N50 per cheque
• Cheque Return: N20 per cheque

5. ATM Maintenance Charges

• ATM Card Maintenance: N50 per annum
• ATM Card Replacement: N500 per card

6. Other Charges

• Account Maintenance: N50 per annum
• Account Closure: N500
• Account Dormancy: N50 per annum
• Card Replacement (Lost/Stolen): N500 per card
• Card Upgrade: N500 per card

Note:

• These charges are subject to change and may vary depending on the bank and the type of account.
• Customers are advised to check with their bank for the latest charges and fees.
• The CBN reserves the right to review and adjust these charges as necessary.

Please note that this is a general outline and may not be applicable to all banks or accounts. It is recommended to check with your bank for the specific charges and fees applicable to your account.