Some banks customers Wednesday, expressed disappointment on the directive of the Central Bank of Nigeria (CBN) to Deposit Money Banks (DMBs) on new charges on certain lodgements and withdrawals.
A cross section of customers who spoke in Abuja described the policy as unfriendly.
The CBN on Tuesday issued a circular to deposit banks to commence the implementation of the cashless policy in six pilot states across the country.
The apex bank directed that implementation should commence from Sept 18 in Lagos, Ogun, Kano, Abia, Anambra, and Rivers States, as well as the Federal Capital Territory.
It, however, stated that the nationwide implementation of the cashless policy would take effect from March 31, 2020.
The CBN explained that transactions will attract three per cent processing fees for withdrawal and two per cent processing fees for lodgement of amounts above N500, 000 for individual accounts.