CEM REPORT, FINANCE | Zenith Bank Nigeria has announced a revision to its transaction limit across its Automated Teller Machine (ATM) nationwide.
In a mail seen by CEM sent by Zenith Bank to its customers, the bank announced that cash transactions would be limited to ₦200,000 per day.
“You can perform cash withdrawals of up to #200,000 (Two Hundred Thousand Naira) per day, at Zenith Bank Automated Teller Machines (ATMs) nationwide, even if you bank with other financial institutions.
Zenith Bank further noted that the weekly cashless policy withdrawal limit for individuals still applies.
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“The ₦500,000 (Five Hundred Thousand Naira) Weekly Cashless Policy withdrawal limit for individuals still applies.”
Recall that the Central Bank of Nigeria (CBN) last year pegged the maximum cash withdrawal per week per person, via ATM at N100,000 subject to a maximum of N20,000 cash withdrawal per day.