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How to avoid CBN Cashless Policy Charges

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The Central Bank has announced the implementation of the Cashless Policy which took effect from Wednesday September 18, 2019 in Lagos, Ogun, Kano, Abia, Anambra, Rivers States and the Federal Capital Territory (FCT).

What does this mean to you?

You will be charged a fee on all cash deposits and cash withdrawals above the thresholds detailed below:


Subsequently, the cashless policy will be implemented across all states of the federation on March 31st, 2020.

How can you prevent these charges?

To avoid these charges, you can easily make use of the following alternative payment channels to transfer funds:

  • The Mobile Banking
  • The Online Banking platform
  • In-branch Funds Transfer platforms

Please be assured of bank commitment to your financial security at all times.


Culled: Access Bank

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