BANKS INCREASE ATM CASH WITHDRAWAL LIMIT TO N200,000 PER DAY

Months after the Central Bank of Nigeria (CBN) restricted withdrawals on automated teller machines (ATMs), Deposit Money Banks in the country are beginning to increase the maximum amount of cash customers can withdraw on a daily basis to N200,000. In an emailed notice to customers yesterday, Zenith Bank Plc said customers can now ‘perform cash withdrawals of up to N200,000 per day’ at its ATM terminals across the country. This, it said, is irrespective of the bank that issued the card. The bank, however, stated that the N500,000 weekly cashless…

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