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CBN New Currency Policy Effective January 9, 2023 - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN New Currency Policy Effective January 9, 2023 (293 Views)

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CBN New Currency Policy Effective January 9, 2023 by Johnnyessence(m): 8:06am On Dec 08, 2022
CBN New Currency Policy Effective January 9, 2023
Daily ATM withdrawal: #20,000
Daily POS Withdrawal: #20,000
Above #20,000: Must be done electronically
Weekly Withdrawal Limit: #100,000
Highest Denomination to be dispensed by ATM: #200 notes.
Maximum withdrawal at the Counter weekly: (Individual) #100,000
Maximum withdrawal at the Counter weekly (Corporate Organization) #500,000
Processing Fees for withdrawal above limit
(a) Individual: 5% Processing Fee
(b) Corporate Organization: 10% Processing Fee
3rd Party Cheque above #50,000 not eligible for payment above the counter
Haruna B. Mustafa
Director Banking Supervision
Central Bank of Nigeria.

Re: CBN New Currency Policy Effective January 9, 2023 by Mrkindness: 10:26am On Dec 08, 2022
Good development
Re: CBN New Currency Policy Effective January 9, 2023 by JoeNL22(m): 10:35am On Dec 08, 2022
Johnnyessence:
CBN New Currency Policy Effective January 9, 2023
Daily ATM withdrawal: #20,000
Daily POS Withdrawal: #20,000
Above #20,000: Must be done electronically
Weekly Withdrawal Limit: #100,000
Highest Denomination to be dispensed by ATM: #200 notes.
Maximum withdrawal at the Counter weekly: (Individual) #100,000
Maximum withdrawal at the Counter weekly (Corporate Organization) #500,000
Processing Fees for withdrawal above limit
(a) Individual: 5% Processing Fee
(b) Corporate Organization: 10% Processing Fee
3rd Party Cheque above #50,000 not eligible for payment above the counter
Haruna B. Mustafa
Director Banking Supervision
Central Bank of Nigeria.
Pos business is a goal.
Get your pos now, I repeat "now" not pro-now

(1) (Reply)

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