ATMs have the ability to pay 100k per withdrawal, but our banks limit it to 10k Per withdrawal and force us to pay N65 on every withdrawal...

This is daylight Robbery
@cenbank
#EndBankingFraud

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Total of 16 replies and 10 quotes found
It鈥檚 really sad especially for students who have to withdraw many times in a month for feeding. Because they cannot withdraw all their money at once
 
Oga, the ATM can only hold 40 pieces of paper note in a single transaction. Y most banks reduced it is to avoid cash jam on d ATM.
 
Bro, it 40 notes, no more, no less!
 
I remember then I do withdrawal 40k at once from the ATM, but now it's all history. #BankingReform
 
 
this is true and painful. Almost all the banks at balogun market Eko. Their ATM are programmed to pay only 10k as its one time maximum .? How can this robbery continue to go on? #EndBankingFraud #GrossNegligence
 
While you may be right about this in some cases, there are also a number of logical explanations for this 1. ATMs can only hold 40 notes at their best 2. Many ATMs are old; so they cant even dispense 40 straight notes without a cash jam, factoring in the condition of the Naira
 
Did I hear you say 100k/transaction? Which brand of ATM is that?
 
And if you use your Bank's ATM they don't deduct N65. Even using other banks too you must have withdrawn twice a month before the deduction.
 
Corruption everywhere
 
It鈥檚 rather sad how we get used to things and just try to forge ahead #EndBankingFraud
 
Scam, it's like banks are now joining the scamming business, the money they make is not enough but to try and make money from every area they bring to us as a solution for a problem, whereas it's a means for them to get cash from us. Not everybody knows 100k can be withdrawn
 
Who do we have to fight for the masses against this those in the house of assembly abeg let talk another thing
 
 
 
Hmmm, this is incorrect! You can only withdraw 40 notes per withdrawal 40k(1k notes) or 20k(500 notes) mostly at your bank ATM points. Though such seems no longer applicable nowadays.
 
100k per withdrawal? Really?
 
 
I am sure of this before now but when our supposedly regulatory bodies is acting neutral, what else do we expect? Some banks will even force you to withdraw 10,000 while some 20,000.
 
 
Your ATM card gets stuck; no fault of yours, the banks destroys it and you've to pay for another one. This too must stop
 
Can you imagine 馃槶馃槶馃槶馃槩馃槩
 
 
 
Sound it 馃攰 馃攰 馃攰
 
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