ATM: Bank customers cautious over N65 charge

As the N65 charge on the use of other banks’ Automated Teller Machines, ATMs commenced last week, as announced by the Central Bank of Nigeria, CBN, customers have been cautious on its usage as most customers used their banks’ATMs.

A visit to some of the banks last week showed that about 95 per cent of the people seen withdrawing money from the ATMs was customers of their respective banks.

When asked why they prefered to remain in queue instead of utilising other banks’ ATMs where there were fewer queues, the customers said that they were avoiding the N65 extra charges as announced by the CBN.

The CBN had explained that

Inevitability of the return of ATM service charge, by Prof Ekpo

The West African Institute for Financial and Economic Management (WAIFEM) has gained international recognition for capacity building targeted at economic growth and development within and outside the West African sub-region. WAIFEM is currently in the news for strategic capacity building programmes designed to foster growth and regional integration among member-countries.

Since its establishment on 22 July, 1996, by the Central Banks of five Anglophone West African countries, namely, Gambia, Ghana, Liberia, Nigeria and Sierra Leone, WAIFEM has trained over 14,000 senior policy makers from Central Banks in the sub-region, Ministries of Finance, Planning, Budget office and relevant public institutions involved in economic management. People often come from