30 results
- 6 Aug 2020
Ecobank Begins Cardless Withdrawal from ATM
Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a…
- 6 Aug 2020
Ecobank Commences Cardless Withdrawal from ATM
Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only…
- 10 Feb 2017
ATM Withdrawals Rising Worldwide - Report
ATM users worldwide made 99 billion cash withdrawals in 2015, according to Global ATM Market and Forecasts to 2021, a report by research and consulting firm RBR. The firm's annual ATM research shows…
- 27 Jan 2014
Quickteller Powers Card-Less ATM Withdrawals for MM Operators
Interswitch Transnational, a leading Pan-African integrated payments company, has announced that Quickteller now powers card-less ATM withdrawals. Quickteller, a renowned Value Added Service…
- 14 Aug 2014
Bank Customers to Pay N65 for ATM Withdrawals
Central Bank of Nigeria (CBN) has directed deposit money banks in the country to re-introduce a charge of N65 per transaction on cash withdrawals made on other banks’ Automated Teller Machines (ATMs)…
- 23 Oct 2018
Mastercard, KAL Partner to Enable Cardless ATM Cash Withdrawal
Mastercard has partnered with KAL ATM Software to introduce two new software innovations designed to provide convenient and secure access to ATM cash anytime and anywhere. The partnership will…
- 17 Dec 2017
ATM Cash Withdrawal Volume Reach 107 Billion in 2016
In 2016, the number of cash withdrawals at ATMs worldwide was 107 billion, a 6 percent increase over 2015. And though the total number of withdrawals is declining in some developed markets, the value…
- 22 Feb 2010
ATM Withdrawals Fall to Record Low
Transactions on the Automated Teller Machines (ATMs) dropped to 90 million in January on growing fears associated with business on the computerized device that provides the clients of a financial…
- 22 Dec 2019
CBN Slashes ATM Withdrawal, eTransfer Charges, Warns Banks
Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. Emefiele, CBN Gov The new charges were contained in the latest Guide to Charges…
- 16 Feb 2025
SERAP Gives CBN 48-Hour Ultimatum to Withdraw ATM Fee Hike
Socio-Economic Rights and Accountability Project (SERAP) has called on the Central Bank of Nigeria (CBN) to immediately revoke its recent increase in Automated Teller Machine (ATM) transaction fees,…
- 21 Dec 2022
CBN Recants Increases Weekly ATM withdrawal Limits from ₦100,000 to ₦500,000
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.…
- 12 Dec 2012
Politics of ATM Charges Withdrawal
The Bankers’ Committee’s decision to suspend all charges accruing from the use of Automated Teller Machines (ATMs) of other banks may have adverse effect on the industry if the cost of removing the…
- 4 Mar 2013
New Solution enables Smartphone to Withdraw Cash at ATMs
A new solution is available that will enable bank customers to withdraw cash from ATMs (cashpoints) in the future by using a smartphone instead of a bank card. That is using smartphone instead of…
- 29 Apr 2016
Samsung Pay Rolls Out ATM Cash Withdrawal Capability
This week at the Samsung Developer Conference in San Francisco, the Korean tech giant introduced new features for Samsung Pay — including the ability to make deposits and cash withdrawals at…
- 9 Oct 2014
Interpol Warns that Hackers Can Withdraw Cash From ATM
A flaw in cash machines that allows criminals to quickly steal wads of cash has been discovered, according to a report by Reuters . Interpol has alerted countries in Europe, Latin America and Asia…
- 9 Apr 2021
How to Withdraw Money with ‘MoMo Agent Cardless Withdrawal’ without Going to an ATM
Have you been in a situation where you urgently need cash but do not have your debit card with you? Perhaps you have your debit card but there is no ATM in sight or you want to send money to someone…
- 7 May 2018
Customers Accuse Banks of Stealing Billions through ATM Charges
Commercial Bank customers within the Federal Capital Territory have decried excess charges by banks through Automated Teller Machine (ATM) withdrawals. Some customers who spoke to a NAN…
- 3 Feb 2019
CBN, CPC Look Elsewhere as Banks Milk Nigerians through ATMs
Stephen Ubimago, law editor at the Independent newspapers has asked the Central Bank of Nigerian (CBN) and the Consumer Protection Council of Nigeria (CPC) to act and stop needless extortion of ATM…
- 16 Nov 2012
Diamond Bank Welcomes Removal of ATM Charges
Diamond Bank Plc has described the decision by the Bankers’ Committee to remove the N100 Automated Teller Machine (ATM) withdrawal fee as a welcome development that would further strengthen the…
- 26 Aug 2014
7 Things You Need to Know About N65 ATM Charge
Divergent views greeted the recent re-introduction of a charge of N65 per transaction on remote-on-us Automated Teller Machines (ATMs) cash withdrawals by the Central Bank of Nigeria (CBN). In a…
- 11 Feb 2025
CBN Rolls out New ATM Transaction Fees Effective March 1
The Central Bank of Nigeria (CBN) has revealed new transaction fees for Automated Teller Machines (ATMs), set to take effect on March 1, 2025. A circular, signed by John Onojah, the acting director…
- 3 Sept 2012
Customers Flee ATMs over Charges, Return to Banking Halls
The rising charges for transactions on Automated Teller Machines (ATMs) is sending customers back to banking halls opposing the original intention to decongest banking halls and encourage use of…
- 11 Mar 2025
Reps Ask CBN to Suspend ATM Charges Hike
House of Representatives has passed a resolution calling for the suspension of the increase in Automated Teller Machine (ATM) transaction charges and the stoppage of free ATM withdrawals for…
- 2 Oct 2016
5 Smart Ways to Avoid ATM Charges
Since the introduction of the cashless policy by the Central Bank of Nigeria (CBN), banks have devised and evolved various means to make money. One of the important ways is underhand and secret ATM…
- 28 Aug 2014
NATCOMMS Kicks Against ATM Charges, Blasts CBN
National Association of Telecom Subscribers (NATCOMS) yesterday, said that the new Central Bank of Nigeria (CBN) charges on Automated Teller Machine (ATM) withdrawals was punitive and unacceptable.…
- 29 Nov 2020
COVID-19: FirstBank Leads Competition with Contactless ATM
In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of…
- 27 Apr 2009
Banks, Switches Make N3.7B from ATMs
Nigerian banks raked in some N3.7 billion from cash withdrawals from Automated Teller Machines (ATMs) in the past five years, underscoring the growing importance of the super device used by bank…
- 25 Feb 2016
Wincor, Mahindra Comviva Team up on Cardless ATM Transactions
Wincor Nixdorf and Mahindra Comviva, a provider of mobility solutions, have collaborated on a cardless mobile wallet solution that will allow consumers to withdraw cash at the ATM by simply scanning…
- 6 Sept 2017
5 Interesting Ways to Cut Bank Charges When You Travel Abroad
Banking abroad is more than just using your card at an ATM or using Point of Sale. So, when you travel abroad and you want to perform any transaction, you must know how to avoid paying bank fees,…
- 10 Dec 2012
Removal of ATM Charges to Wait Till May Next Year
The removal of charges on Automated Teller Machine (ATM) for inter-bank withdrawals would only be possible from the second quarter of next year because enormous works are still required to implement…