1. UBA: N138.08B
2. Access bank: N133.49B
3. Zenith Bank: N117.90B
4. First Bank: N110.84B.
5. Stanbic IBTC: N72.47B
6. GTCO: N66.94B
7. Fidelity: N25.04B
8. Sterling: N19.84B
9. Union: N12.65B
10. Wema Bank: N12.02B
11. Unity Bank: N5.34B
How did they make this huge amount of money? Come closer…
1. Electronic Funds Transfer: N50 for transactions done above N50, 000; N25 for N5, 000 – N50, 000 and N10 charge for below N5, 000.
2. Automatic Teller Machines (ATM): N35 for the third withdrawal within the same month on Intra-bank ATM transaction and N35 for every interbank ATM transaction.
3. Card Maintenance Fee for Naira Debit/Credit Cards: N50 quarterly maintenance fee while foreign currency denominated debit/credit cards attract $10. The charge for hardware token is subject to cost recovery to a maximum charge of N2, 500.
4. Naira Debit/Card Charges: The issuance fee is N1, 000 (one-off charge) irrespective of the card type either regular or premium card. The same charge applies for a replacement or renewal.
5. SMS charges: This attracts N4 per transaction both from sender and receiver.
6. Intra-Scheme Money Transfer: Sending to an account holder attracts a minimum of N50 subject to one percent of transaction value or N300, whichever is lower. While a non-account holder attracts a minimum of N50 subject to 1.5 percent of transaction value or N500, whichever is lower.
7. Status Enquiry at the Request of Customer (e.g. Confirmation Letter, Embassy Letter, Reference Letter, Letter of Indebtedness/Non Indebtedness etc.) attracts a rate of N500 per request, while the account statement charge is N20 per page.
8. Cashless Policy: For individual cash deposits, the rate is two percent for transactions above N500, 000 while cash withdrawal is three percent for transactions above N500, 000. The rate for corporate cash deposit is three percent for transactions above N3 million while withdrawal is five percent for transactions N3 million.