A lot of people think the charges will be on the entire money deposited/withdrew. Now CBN in a tweet has made the explanation clear.
''The Cash-less Policy deposit/withdrawal charge is only on the amount in excess of the limit. For instance, if you deposit cash of N501,000.00. N1,000.00 is in excess of the limit. The bank will charge you 2% of N1,000.00 which is N20.00'',
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