This Is How Many Times Nigerians Use Other Banks ATM Monthly

Article Summary

1. According to the committee of W-Banking Heads  The amount of cash bank customers withdraw from other banks’ Automated Teller Machines on monthly basis rose 172% from N91bn in January 2013 to N168bn in December 2013.

2. The number of times bank customers carried out ‘Remote-on-us’ ATM transactions (customers using other banks’ ATMs) in a month rose from 33.4 million in January 2013 to 66.8 million in December 2013.

3. The development made the Central Bank of Nigeria, in collaboration with the Bankers’ Committee, to re-introduce ATM fee to bank customers.

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