BREAKING: cenbank limits cash withdrawals to N100k, highest ATM denomination now N200 | TheCable
“The maximum cash withdrawal over the counter by individuals and corporate organisations per week shall henceforth be N100,000 and 500,000 respectively. Withdrawals above these limits shall attract processing fees of 5 percent and 10 percent, respectively,” the letter reads.
“Third party cheques above N50,000 shall not be eligible for payment over the counter, while extant limits of N10,000,000 on clearing cheques still subsist.“The maximum cash withdrawal per week via Automated Teller Machine shall be N100,000 subject to a maximum of N20,000 cash withdrawal per day.
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