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Ways To Curb ATMs Cash Withdrawal Challenges

Ways To Curb ATMs Cash Withdrawal Challenges

Integrated Cash Management Services Limited (ICMS) has come up with interventions to ensure unavailability of cash across Automated Teller Machines (ATM) points in Nigeria becomes a thing of the past.The move would ensure that naira notes will be readily available at every transaction across ATMs, providing solution to the challenges bank customers face over the […]

Ecobank Launches Cardless Cash Withdrawal Service

Ecobank Launches Cardless Cash Withdrawal Service

Xpress Cash allows customers to withdraw cash from any Ecobank ATM using e-Tokens generated from the Ecobank Mobile app Ecobank said it is striving to address the needs of the unbanked (and the general populace) by transforming a mobile phone into an all-in-one bank account and payment/cash withdrawal tool. One such example, according to a […]

UBA ATM Cardless Withdrawal

UBA ATM Cardless Withdrawal

No Card? No Problem! Cardless withdrawal is a simple way of collecting cash from the ATM without using a card. Cardless transactions can be initiated from your phone simply by dialling *919*30*Amount# No worries about giving out your card to someone to collect cash on your behalf and if you ever forget or misplace your […]

Why ATM Machines Malfunction – Expert

Why ATM Machines Malfunction – Expert

Prof. Uche Uwaleke, an economic expert, has called on the Central Bank of Nigeria (CBN) to remove old and dirty notes from circulation. Uwaleke, an Associate Professor of Banking at the Nasarawa State University, said such notes were causing constant malfunctioning of Automated Teller Machines (ATMs), especially during pressure periods. He said this in an […]

Ecobank Increases Dollar Spending Limit On Naira Cards

Ecobank Increases Dollar Spending Limit On Naira Cards

The review was a deliberate effort to meet and cater for customers’ expectations Ecobank Nigeria has raised the daily limit that customers can spend with their naira MasterCards for international transactions by 333 per cent to allow its customers ease in transactions when making purchases abroad. With this review, the spending limits currently applicable for […]

Account Maintenance Fee: 10 Commercial Banks Made N26.8bn In 6 Months

Account Maintenance Fee: 10 Commercial Banks Made N26.8bn In 6 Months

The 10 commercial banks in half year of 2016 generated about N26.5 billion for maintaining customers’ current account A total of 10 commercial banks that include Zenith Bank Plc, Access Bank Plc, United Bank for Africa Plc (UBA) have reported N26.8 billion on current account maintenance fee in six months. Others are Guaranty Trust Bank […]

Naira Cards: UBA Increases International Spend Limit To $2000

Naira Cards: UBA Increases International Spend Limit To $2000

The United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month as against $100 which […]

10 Things You Need To Know About Debit Cards

10 Things You Need To Know About Debit Cards

If you use your debit card to purchase goods or services and then there is a dispute, you may never get your money back Almost any time you open an account, the bank will issue a debit card to you. While you may think of this as the Automatic Teller Machine card to draw money […]

CBN To Ban Unauthorised FX Dealers

CBN To Ban Unauthorised FX Dealers

The Central Bank of Nigeria (CBN) has threatened to bar authorised dealers in foreign exchange (forex) who fail to comply with its new directive on foreign exchange transactions. According to a circular released over the weekend and signed by Dr. Alvan E Ikoku, Director, Financial Markets Department to all authorised dealers, the apex bank ordered […]

Transcorp MD Predicts Stock Market Rebound

Mr Emmanuel Nnorom, the Chief Executive of Transcorp, says the capital market will soon rebound with the current positive developments in the foreign exchange market. Nnorom said on Monday in Lagos that the capital market would soon overcome the current lull with foreign exchange rate stability and improvement in various sectors of the economy. He […]

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