Guaranty Trust Bank (GTB) has assured
her customers of hitch free and seamless transactions in line with Central Bank
of Nigeria’s new directive on cashless policy nationwide, DigitalSENSE Business News
authoritatively gathered.
The bank, DigitalSENSE Business News learnt has made several safe and convenient alternative channels available for
personal and business banking for the CBN’s nationwide cash policy
implementation.
In a statement from GTB,
cash-in-transit lodgment and cash evacuation services will no longer be
available to customers or merchants from July 1.
According to the statement made
available to DigitalSENSE Business News, 3 per cent charge will apply when daily cumulative withdrawals
are in excess of N500,000 for individual account holders while corporate
account holders will be made to pay 5 per cent when daily cumulative
withdrawals are in excess of N3,000,000
The Cashless policy, the bank noted,
applies to all accounts including collection accounts and added that all
sub-accounts linked to the same account holder would be treated as one account
for both corporate and individual accounts.
The bank however granted “exemptions
on withdrawals for accounts operated by Embassies, Diplomatic Missions,
Multilateral Agencies, Aid Donor Agencies, Ministries, Departments and Agencies
of Government (revenue collection only), Microfinance Banks (MFBs) and Primary
Mortgage Institutions (PMIs).
CBN’s cashless policy which took
effect from June 1, 2012 in Lagos, Federal Capital Territory (Abuja), Abia,
Anambra, Kano, Ogun and Rivers States DigitalSENSE Business News gathered will be
extended to all states of the federation effective from July 1, 2014.
Chukwudi Obi/GEE
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