|
The Central Bank of Nigeria (CBN) Guide to Bank Charges
(Bankers Tarriff) effective January 1, 2004. |
Continued from Page 4
 |
SECTION 9: INTERNAL TRANSACTIONS
|
Description |
Rates |
|
1 |
a) Purchases b) Collection of Cheques within Nigeria c) Transfers and drafts drawn and payable within Nigeria d) Internal Transactions paid in physical cash Cash handling charge for cash transactions of minimum of N5m per day. |
Negotiable Free Free Negotiable subject to a minimum of 1% (To discourage cash Transaction) |
2 |
a) Normal period for clearing of Cheques As advised by the Clearing House b) Special clearing of cheques on the amount of cheque |
0.5% flat of face value |
3 |
Bank Drafts a) Customer b) Non-Customer |
N200.00 flat N200.00, plus maximum 1% for cash handling charge |
4 |
Standing Order Charge |
N250.00 plus external transfer cost (e.g. NIBSS /NACS Charged) |
5 |
Encashment of Cheques within (Nigeria cashing credit)
|
0.50% N100 per transaction (to be borne by payee) |
6 |
Night Safe Charges: per qtr in advance irrespective of number of times facility is used Lost wallet and wallet keys will be charged at the cost of replacement |
|
7 |
Stopped Cheques |
2% |
SECTION 10: ELECTRONIC BANKING
|
Description |
Rates |
|
All Electronic Banking Services (including electronic card, internet banking services) are subjects to the following charges |
||
1 |
Implementation Fee |
Negotiable |
2 |
Access Fee |
Negotiable |
3 |
Transaction fee |
Negotiable |
4 |
Maintenance Fee |
Negotiable |
5 |
Card Issuance Fee |
Negotiable |
Note: These charges will be applicable to other existing and future Electronic Banking Products and Services not Captured by this Guide. |
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