Nigeria is always an enigma as things move forward and then quickly move many steps backward. A recent Central Bank of Nigeria directive increased ATM maintenance fees from N100 to N600. Naturally, one expects the banks to respond accordingly by increasing fees to customers. Access Bank has drawn the first sword.
Access Bank communicated to its customers that it has introduced a monthly maintenance fee of $20 on dollar-denominated debit cards:; “Following recent regulatory changes, a monthly maintenance fee of $20 will now be charged to your USD Debit Card”.