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Entertainment of Wednesday, 31 March 2021


Filmmaker Jade Osiberu calls out banks restricting withdrawal amount at ATMs

Award-winning filmmaker, Jade Osiberu, has questioned the withdrawal limits of some banks in the country.

She asked why the Central bank is allowing banks to limit the withdrawal amount at their ATMs to N10, 000.

According to her, ATMs can issue out as much as N20, 000 in a single withdrawal however, some banks have limited theirs to N10, 000 per withdrawal.

When this happens extra charges are generated from customers who make use of their machines.

She made this known on her Twitter handle.

Her tweet reads;

"Nigerian Banks and their fraudulent behavior. ATMs have a capacity of N20k per withdrawal but you limit to N10k so you can charge N35 per withdrawal, on a platform that's suppose to be a low cost option for servicing your customers. Why is @cenbank allowing this?''

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