According to a statement released by the Central bank of Nigeria withdrawal limits on Automated Teller Machine have been downgraded.
CBN limits ATM withdrawals to N60,000, $300 per day
Before this, the domestic withdrawal limit was pegged at N150,000 per day.
CBN Governor, Godwin Emefiele
In the new setup, all ATMs that were enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs to N60,000 per day while foreign currency is $300 per day. Before this, the domestic withdrawal limit was pegged at N150,000 per day.
The new arrangement has separated traditional ATM from MasterCard credit card with the former now deactivated and can no longer be used for transactions abroad.
Before now, a single ATM card could be used for transactions both domestic and abroad.
ADVERTISEMENT
In the new arrangement, a bank customer with multiple debit cards (ATM cards) will only be able to use the one linked to the primary transactional account abroad.
Previously, such customers could transact with any of their ATM cards that was funded.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
ICPC boss urges Nigerians to take pride in honest work
JAMB releases 2024 UTME results — here’s how to check
How Tinubu transformed from a ‘gaffe master’ to an articulate president
Governors warned not to perish Tinubu's reformation agenda
Tinubu's courageous moves will free Nigerians from bondage - Shehu Sani
NAFDAC seizes 35 cartons of codeine syrup in Anambra raid
Ighodalo denies role in Shaibu's impeachment, claims tarnished reputation
Government is ashamed of its citizens begging in other African countries
Linda Ikeji to pay NBM of Africa ₦30 million for character defamation
ADVERTISEMENT