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ATM users not happy with CBN policy on ATM withdrawal limit

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Some bank customers in criticized the new policy of the Central Bank of Nigeria which cuts withdrawals from Automated Teller Machines s from N100, 000 to N60, 000.

 A trader, said the policy would cripple business activities especially during weekends. According to him, the new CBN directive contradicts its cashless policy and should be reversed.

“This is because most bank customers, who use ATM to withdraw whenever they have need of cash, are now constrained to make maximum withdrawals.”

 Another customer said that the policy was “not business-friendly.” He said that as a businessman, the policy would affect his capacity especially during weekends. He added that the policy had delayed him from finishing a project at the weekend due to insufficient fund.

He appealed to the CBN to “provide an alternative or increase the cash withdrawal limit.