Banks Reduce Withdrawal Limits on ATMs

                    

The Issue of saving the Nigerian currency has been extended to all daily Limit withdrawal at Automatic Teller Machine ATM for both local and foreign transactions.
Daily Naira withdrawal from ATM is Limited to N60,000, and $300 limit under the new arrangement,against the usual N150,000 per day.


Under the new arrangement the traditional ATM cards is now been separated from the Master Credit Card ,meaning the ordinary ATM card can no longer be used abroad for withdrawal as it used to be.
And also the new structure set the limit of POS/eCommerce online shopping at $300,roughly (N60,000) per day.before now it was N2m per day.