FCMB charges for cash withdrawals and deposits above N150,000
Category: Products & Services
February 02, 2012
FCMB has announced that following CBN recent policy on Cash-less Lagos, and commencing from March 30, 2012; Processing Fee of 10% and 20% will be charged for cash withdrawals and deposits above N150,000 and N1,000,000 for Individuals and Corporate Organizations respectively.
Third party cheques above N150, 000 will only receive value through the clearing house; such cheques shall no longer be eligible for an immediate cash exchange over the counter.