Nigerian banks finally stop N100 ATM charges

Banks in Lagos have cancelled the N100 charge on customers’ use of Automated Teller Machines (ATMs) withdrawal from other banks.

Visit to some banks on Tuesday showed that the banks had since Monday complied with the new trend. This followed the Bankers Committee’s directive that the banks should stop charging N100 with effect from Dec. 17.

Banks had on Dec. 9 agreed to start effective implementation of zero ATM charges throughout the country.

The agreement was sealed at the fourth annual Bankers’ Committee’s retreat held in Calabar.

Malam Sanusi Lamido Sanusi, CBN governor and Chairman, Bankers’ Committee, had said that CBN would monitor the effective implementation of the cancellation.