Important Reminder on CBN Cashless Policy Effective 31 March 2020

Discussion forum for issues and topics relating to bankers and everyone involved in banks and banking: customers, regulators, others.
Comment
User avatar
Erudite
Senior
Location: Naija
 

March 12th, 2020, 6:54 pm

Hello Besties,

This is to remind you all of the cashless policy on cash deposits re-introduced by the Central Bank of Nigeria (CBN) that will be implemented nationwide from March 31, 2020.
images - 2020-03-12T185320.733.jpeg
What does this mean for you?
With the implementation of this new policy, all cash deposits or withdrawals above the transaction limit at any of our branches in these locations will attract the charges below:
IMG_20200312_184909.JPG
To avoid charges, what can you do?

The best approach is to opt for other non-cash means of payment and collections like:

1. Transfers (branch, internet and mobile banking)
2. Point of Sale POS
3. USSD
4. QR payments
5. ATM terminals

With these, you will be exposed to less cash come March 31, 2020 when the policy takes effect 100% nationwide!

Enjoy! Share.

Please share...

User avatar
eMade
VIP VIP
Location: Abuja
 

March 12th, 2020, 6:55 pm

:clap: Thanks for sharing.
Learn more about ✓ VIP Members: https://www.bestnaija.ng/61848 ✓ Referral: https://www.bestnaija.ng/62508
User avatar
Hotsaint
VIP VIP
Location: NIGERIA
 

March 12th, 2020, 7:59 pm

:lol; :clap: Good
Stream my latest song
https://open.spotify.com/artist/5nGO87k ... =copy-link
User avatar
Favour12
Senior
 

March 12th, 2020, 8:10 pm

eMade wrote::clap: Thanks for sharing.
:good:
Flash
User avatar
Dube
VIP VIP
Location: Yola
 

August 25th, 2020, 5:18 pm

:tu:
Follow me on Instagram: https://www.instagram.com/chukwubunna
Twitter- https://www.twitter.com/@Lucky87284882
Ibukunfire1
Junior
 

August 25th, 2020, 9:11 pm

This policy is not viable yet for our economy
User avatar
eMade
VIP VIP
Location: Abuja
 

August 26th, 2020, 5:15 am

Ibukunfire1 wrote:This policy is not viable yet for our economy
But it's working is Abuja, Lagos, PH
Learn more about ✓ VIP Members: https://www.bestnaija.ng/61848 ✓ Referral: https://www.bestnaija.ng/62508
User avatar
Gloria50
VIP VIP
Location: Enugu, Nigeria
 

May 7th, 2021, 4:08 pm

Interesting
Telephone
Comment
  • Information
  • Online

    Users browsing this section: No members and 2 guests