Hurray! Mobile Banking Interbank Transfer Charges Slashed Down By Half

The Central Bank of Nigeria has ordered commercial banks in the country to slash down Mobile banking interbank transfer charges by half starting this month.

Some of you might have noticed the changes while some of you that are yet to carry out mobile interbank transfer transaction this month might have not.

You should recall that before now, Mobile interbank transfer charges cost N105 i.e. to say that before, you are being charged N105 extra when you transfer fund with your Mobile banking app to any other bank that is not the same as your bank.

But in the beginning of this month, following the new CBN directive, such interbank transfer transactions are now being charged at N52.50, which is exactly half the amount it used to be before.

At least this latest development will give many bank customers something little to smile for other than the lately news coming out from GSM network operators that are all about either increase in prices of data or slash down in data volume.