We would like to inform you about the reintroduction of processing fees on large cash deposits by the Central Bank of Nigeria (CBN). |
Previously, you could deposit above N500,000 for individual accounts and above N3,000,000 for corporate accounts without any processing fees. |
However, effective Wednesday, May 1st, 2024, the following processing fees will apply again for deposits exceeding these amounts: - 2% for individuals depositing above ₦500,000.
- 3% for corporates depositing above ₦3,000,000.
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Thank you for your continued partnership. |
Your Partner, the alternative bank |
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