Breaking News: CBN limits cash withdrawals to 100K
CBN Limits Cash Withdrawal to 100K
The Central Bank of Nigeria (CBN) has restricted cash withdrawals from ATMs to only N100, 000 per day. This was announced in a circular by the CBN. Also, the CBN said that new accounts will be temporary for a period of six months before being converted into permanent ones.
Since this was announced by CBN, many people have been wondering why this happened and whether it will affect their ability to access funds when they need them most. Well, we’ll help answer those questions below!
CBN has also placed a limit on the amount of cash which can be withdrawn from an ATM daily, this is in addition to the limit per transaction.
If you’ve been following the news, you know that the Central Bank of Nigeria (CBN) has placed a limit on cash withdrawals from ATMs. The limit is 100k and it applies to all transactions. ATMs can only dispense the 200 Naira Note.
Since this was announced by CBN, many people have been wondering why this happened and whether it will affect their ability to access funds when they need them most. Well, we’ll help answer those questions below!
In conclusion, the CBN has announced a cash withdrawal limit per ATM transactions. This is in addition to daily withdrawal limits imposed on each account holder.
