Has Your Bank Stopped Charging You 100 Naira For ATM Withdrawals?

Following the directive by the Central Bank of Nigeria (CBN) and the Bankers Committee that Nigerian banks should stop charging N100 effective Dec. 17, 2012, NaijaPundit has looked into the policy to see if there has been compliance by the nation's notoriously money seeking banks.

Various customers especially in the Lagos and Abuja area have reported that the charges have stopped. But others, still in the Lagos area, have reported that these charges have continued.

In Lagos, a lady, wo was surveyed, testified that the charges have stopped to her delight.

Reporters from Vanguard also did an investigation into this matter and their findings suggest that the charges have been stopped.

A customer with First Bank Plc, Marina, Miss Esther Oluwayinka, said that she was surprised when the ATM machine did not alert her that she would be charged N100 after she used that of another bank.

Oluwayinka said that initially she felt that it was a teller machine error when the ATM did not deduct the N100 charge from her account for using another bank.

“When the ATM did not ask me if I was aware that my account will be deducted by N100, I was not bothered, but l thought it was a machine error.

“Later, after my transaction, I discovered that I was not also charged for the withdrawal made.

“It was at this juncture that I told a friend my experience at ATM dispenser and she also confirmed that she had similar experience. The cancellation is a welcome development,” she said.

NaijaPundit wants to know of your experience. Have you been charged a 100 Naira for an ATM withdrawal after Monday the 17th of 2012? Do let us know by commenting under this story. If you have evidence of this charge, you might be able to get redress by filing a class action suit against the bank who charged you the sum.