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Nairaland Forum / Nairaland / General / Business / Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN (31942 Views)
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Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Adesiji77: 6:02pm On Apr 27, 2017 |
Nairametrics| The Central Bank on Nigeria released a new set of guidelines to charges by banks and other financial institutions last week. The new charges are effective May 1 2017. http://nairametrics.com/breakdown-of-new-cbn-guide-to-charges-by-banks/ 5 Likes 8 Shares |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by uboma(m): 7:19pm On Apr 27, 2017 |
Good news. I will wait till the new policy is implemented to request for a new debit card. It used to be NGN1500 before. And I am also happy that I dont get to be charged the sum of NGN105 for electronic transfers from May 1st. The NGN1 per mille is reasonable but the interest rates on loans (including mortgage) should be further reviewed to allow room for small businesses to assess the loans... 9 Likes 1 Share |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by rookidmart: 7:36pm On Apr 27, 2017 |
While software tokens are free, banks will charge an SMS rate of not more than N4/SMS. Someone tell GTB this. They charge ₦10/SMS. Naira debit/credit card will cost N50 monthly in card maintenance fees.Monthly or yearly? Haba! this is too much. 14 Likes 1 Share |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by davide470(m): 7:39pm On Apr 27, 2017 |
Token N3500 Is Inflation affecting price of token too?? and this CBN people want to do cashless banking! Token should be N1,500 maximum Btw, Adesiji77, MPR is 14% 9 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by davide470(m): 7:45pm On Apr 27, 2017 |
rookidmart:They don't charge N10/SMS. Btw, go for electronic notifications 2 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by rookidmart: 8:28pm On Apr 27, 2017 |
davide470:Yes, they do. Try to calculate the number of messages received with the amount charged. Even the customer care will tell you they charge ₦10/SMS. They also charge ₦10 for USSD token, and ₦10 for checking your account balance. Btw, go for electronic notificationsYou mean email notifications? I already have that. It's not convenient if you don't have a data connection for whatever reason. There are places where you go that you don't take a "big phone" to. You can't check emails on a Nokia torch light. 16 Likes 1 Share |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by sunshineV(f): 9:03pm On Apr 27, 2017 |
If u read everything pls summarize 1 Like 1 Share |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by 0955eb027(m): 9:03pm On Apr 27, 2017 |
B for ... |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by FavoredGuy: 9:04pm On Apr 27, 2017 |
lol |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Kangol99(m): 9:05pm On Apr 27, 2017 |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by smartty68(m): 9:05pm On Apr 27, 2017 |
Naija and drama no be small matter... See common hardware token of #1,500 don jump to #3,500 Na mad people the rule this country 10 Likes 1 Share
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Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Lusola15: 9:06pm On Apr 27, 2017 |
Explain my salary in relation to present economy 2 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by wiloy2k8(m): 9:07pm On Apr 27, 2017 |
good |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by jojothaiv(m): 9:07pm On Apr 27, 2017 |
Noted! |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by osemoses1234(m): 9:08pm On Apr 27, 2017 |
9ja don cast dis Nigeria don tire me I dey go back to my village Were b ur village ondo town I dey commt for nigeria 2 Likes 1 Share |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by iluvdonjazzy: 9:08pm On Apr 27, 2017 |
THESE NA SMALL THING NA, BY THE TIME BABA GOD PICK MY CALL. 1 Like |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Wiseandtrue(f): 9:09pm On Apr 27, 2017 |
uboma: I did not see anything about debit cards. ABI na my eyes 2 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by LionDeLeo: 9:09pm On Apr 27, 2017 |
You are talking to the public (layman) but you keep using your professional jargons, and you ended up not saying much. If every one is to use his/her professional language in all discussions, I doubt if you will understand anything from some. 13 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by steve6: 9:10pm On Apr 27, 2017 |
OK ! |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Nobody: 9:11pm On Apr 27, 2017 |
Who Banks epp? |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Lanre4uonly(m): 9:13pm On Apr 27, 2017 |
Ok. It is noted. I do hope the new policy would yield positive result. |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by smartty68(m): 9:13pm On Apr 27, 2017 |
Wiseandtrue:"Banks are allowed to charge card maintenance fees at $20 per annum (or its equivalent) for foreign currency denominated debt/credit cards. Naira debit/credit cars will cost N50 monthly in card maintenance fees. Banks will also charge you N1,000 one-off charge for issuance of debit cards. If you lose the card and want it replaced it will also cost N1000 one-off." Now you get it? |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by 0955eb027(m): 9:14pm On Apr 27, 2017 |
uboma:Who do you bank with? Issuance of ATM cards have always being N1,000 naira. Your bank has been extorting you al dis while. 5 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Olaide1295: 9:14pm On Apr 27, 2017 |
CBN is trying to regulate the banking industry. They should request data from these banks before making decisions. This clause here will make bank milk customers more. "Electronic fund transfers will now incur a charge of N50 if below N10 million. Transfers above N10 million will also cost N50 flat." Half the country now relies on electronic transfers especially GT banks *737# This clause alone will hep banks and interswitch make more billions 4 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Olasco93: 9:14pm On Apr 27, 2017 |
Please between Visa card and Mastercard, which one is best for transactions? |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by 0955eb027(m): 9:15pm On Apr 27, 2017 |
LionDeLeo:What part do you not understand? 2 Likes |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Pray(m): 9:16pm On Apr 27, 2017 |
Keep money at home, wahala, keep money in bank, wahala... na wa o 1 Like |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Xtaceeey: 9:17pm On Apr 27, 2017 |
rookidmart: #10 how Na? Which customer information officer told u that? Why do ppl just say anything just to be heard? Pls it's #4 per SMS. Calculate am well. Did I see MPR 16%? Are u sure about that? @OP |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by smartty68(m): 9:17pm On Apr 27, 2017 |
LionDeLeo:Calm down chairman 1 Like
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Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by smartty68(m): 9:18pm On Apr 27, 2017 |
Pray:I dey tell you o. You put am for saving box cockroache or tamite chop am... You bury am for hole rat chop am... You bury for farm you con die leave am... It is a wa I must say 1 Like |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by Septre: 9:21pm On Apr 27, 2017 |
Re: Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN by jericco1(m): 9:22pm On Apr 27, 2017 |
On-us? 1 Like |
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