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Updated: Access Bank Begins $20 Monthly Card Charge And Why Its Illegal - Business - Nairaland

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Updated: Access Bank Begins $20 Monthly Card Charge And Why Its Illegal by ExchangerPLUS: 8:27pm On May 10, 2017
Update: Now rectified, see last image.

This evening, Access Bank sent a mail regarding charging $20 monthly on USD debit card, claiming its a CBN directive.

While this directive is true for annual maintenance, on no account did the CBN said they should charge $20 monthly in the Circular which can be found HERE (Section 10.3)


This is to serve as an heads up incase Access Bank proceeds with such fraudulent act.

Re: Updated: Access Bank Begins $20 Monthly Card Charge And Why Its Illegal by Dopefiend(m): 8:45pm On May 10, 2017
Access bank can charge for Africa!!!
Re: Updated: Access Bank Begins $20 Monthly Card Charge And Why Its Illegal by tugrow(m): 8:53pm On May 10, 2017
Is it dollar or naira card you are using?
Re: Updated: Access Bank Begins $20 Monthly Card Charge And Why Its Illegal by ExchangerPLUS: 11:40pm On May 10, 2017
Issue is now rectified in their apology mail. REF: See image 3.
Re: Updated: Access Bank Begins $20 Monthly Card Charge And Why Its Illegal by Septre: 9:48pm On May 11, 2017
I got the N50 debit alert today. It says for Monthly Card maintenance. angry angry sad angry
Re: Updated: Access Bank Begins $20 Monthly Card Charge And Why Its Illegal by ExchangerPLUS: 9:51pm On May 11, 2017
Septre:
I got the N50 debit alert today. It says for Monthly Card maintenance. angry angry sad angry

Yes, that's for Naira cards. Even though CBN gave the directive, they shouldn't have been that fast to charge users.

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