JUST IN: First Bank announces important notice to all customers

 

By Miracle Ogunde

The First Bank of Nigeria has announced the reintroduction of processing fees on cash deposits to its customers.

This was contained in a recent notice sighted by Starnews NG.

According to the notice, “Effective 1 May 2024, our processing fees structure on cash deposits has been adjusted in accordance with regulatory requirements.

The notice reads further, “As a result, the following rates will apply:

2% processing fee on deposits above N500,000 for individual accounts.
3% processing fee on deposits above N3,000,000 for corporate accounts.”

Customers are therefore advised to contact the customer care lines for more enquiries.

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