Monday 10 August 2015

ATM: No more 150k but 60k per day - CBN


In the new arrangement, all ATMs that were enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs from N150,000 per day to N60,000 per day while foreign currency is $300 per day. 
The new arrangement has separated traditional ATM from MasterCard credit card where the former has now been deactivated and can no longer be used for transactions abroad.

Henceforth, a single ATM card serves for transactions for both domestic and abroad.

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