Reps warn against ATM fees

In a bid to halt what it says are unjustified charges, the House of Representatives has urged banks to immediately stop the planned introduction of N100 monthly maintenance fee on ATM Cards.

The lawmakers also mandated its committee on Banking and Currency to investigate all approved bank charges on all accounts and compliance by banks and report back to the house.

The Governor of the Central Bank of Nigeria and other relevant authorities are asked to urgently look into the issue.

The lawmakers say if this maintenance fee is introduced, it will cause untold hardship on bank customers.



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