The Central Bank of Nigeria (CBN) is proposing a N50 charge on every cheque leaflet obtained and used at the deposit money bank’s counter.
This is not the same as the collection charge on cheques, which is also proposed to be “one percent of cheque value or Naira equivalent of US $10 whichever is lower”.
The apex bank is also proposing a N100-per-month charge on every debit card (your typical ATM card) – separate from the existing N65 charge after the third withdrawal within the same month.
