Banks Don Increase Withdrawal Limit to ₦50k

December 4, 2024

Banks wey dey Federal Capital Territory (FCT) don raise dia over-the-counter withdrawal limit to ₦50,000 per day, from the ₦5,000 wey dem allow last month. The PUNCH confirm say dis change dey affect banks like Guaranty Trust Bank (GTBank) and Zenith Bank.

For GTBank branch wey dey Airport Road, customers fit now withdraw up to ₦50,000 for inside banking hall, but ATM withdrawal still dey capped at ₦20,000. One bank official talk say na because cash don dey available well well, na im make dem increase di limit.

But Point of Sales (POS) operators talk say di new withdrawal limit no go immediately affect dia service charges. For now, dem still dey collect ₦800 for ₦20,000 withdrawal and ₦2,000 for ₦50,000. One operator yarn say na steady cash flow go make charges reduce, no be just one-time change by banks.

Dis move fit help reduce di cash scarcity wey dey worry di region.