POS AGENTS ANNOUNCE N500 FEE CHARGE FOR N10,000 WITHDRAWAL
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has announced a new price list for POS transactions.
The spokesman of the Lagos Chapter of AMMBAN, Stephen Adeoye revealed the details of the unified price list for POS transactions, during an interview on Channels Television.
According to him: “Let me tell you the price list, N1000 to N2,400 will be N100 for withdrawal; N3500 to N4000 will be N200; N4,100 to N6,400 will be N300; N6,500 to N7,900 will be N400; N8500 to N10,900 will be N500; N11,000 to N14,000 will be N600 while N14,500 to N17,900 will be N700 and N18,000 to N20,000 will N800 for withdrawal.
“Like we said, depending on your location, you can also step it down for people depending on the circumstances. But it should not go more than this”.