The CBN will restrict the amount of money in the hands of the public as they hope that Nigerians will return to direct banking ....In...
The CBN will restrict the amount of money in the hands of the public as they hope that Nigerians will return to direct banking
....In CBN's policy, if a Nigerian withdraws money, he should send it through account transfer, not cash.
The amount of money that one person can withdraw from the bank in a week is 100,000 naira while a company will withdraw only 500,000 naira in a week.
If a person wants to withdraw more than this amount, then he will be charged five percent for the person and 10 percent for the company of the amount of money to withdraw.
2. Anyone who goes to the bank to withdraw money that exceeds 50,000 naira with a bank check written by someone else, will not be given the money. While the law to withdraw money up to 10 million naira using checks between different banks is still in place.
3. The amount of money that a person can withdraw by using an ATM machine in a week is 100,000 naira, that is, the amount that can be withdrawn per day is only 20,000 naira.
4. Banks will only load 200 naira notes in the ATM machine.
5. If it is for users of the POS device, the maximum amount that a person can withdraw is 20,000 naira.
6. In a situation where there is a serious need and it will not exceed once a month, where it is necessary to withdraw the amount that is more than the amount determined for a strong reason, then what a person will be allowed to withdraw will not exceed not five million naira, and if it is a company then it will not exceed 10 million naira.
And in that too, five percent of the amount of the money will be charged for the person, and 10 percent for the company of the amount of money to be deducted.
....In CBN's policy, if a Nigerian withdraws money, he should send it through account transfer, not cash.
The amount of money that one person can withdraw from the bank in a week is 100,000 naira while a company will withdraw only 500,000 naira in a week.
If a person wants to withdraw more than this amount, then he will be charged five percent for the person and 10 percent for the company of the amount of money to withdraw.
2. Anyone who goes to the bank to withdraw money that exceeds 50,000 naira with a bank check written by someone else, will not be given the money. While the law to withdraw money up to 10 million naira using checks between different banks is still in place.
3. The amount of money that a person can withdraw by using an ATM machine in a week is 100,000 naira, that is, the amount that can be withdrawn per day is only 20,000 naira.
4. Banks will only load 200 naira notes in the ATM machine.
5. If it is for users of the POS device, the maximum amount that a person can withdraw is 20,000 naira.
6. In a situation where there is a serious need and it will not exceed once a month, where it is necessary to withdraw the amount that is more than the amount determined for a strong reason, then what a person will be allowed to withdraw will not exceed not five million nairas, and if it is a company then it will not exceed 10 million nairas.
And in that too, five percent of the amount of the money will be charged for the person, and 10 percent for the company of the amount of money to be deducted.