Access Bank Increases Real Time Gross Settlement (RTGS) Charges to N840 from N550

December 3, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-Tier one lender, Access Bank Plc has increased its bank charges for funds transfer services by Real Time Gross Settlement (RTGS), following the Central Bank of Nigeria (CBN) recent directive to Deposit Money Banks (DMBs), according to an email from the bank to its customers.

“The Central Bank of Nigeria, in a recent update, has increased bank charges for funds transfer services by Real Time Gross Settlement (RTGS). 

What does this mean?

All RTGS transfers will be charged at the new rate which takes effect immediately.

OLD RATE

NEW RATE

N550/transaction

N840/transaction

(5% VAT inclusive)

What Alternatives are available to you?

You can also initiate funds transfers through your Access Mobile App and Internet Banking platform. (Approved transfer limits apply)” the email reads.

For further enquiries, please contact our 24 hour Contact Center on 0700CallAccess, 0700 3000000, +234 1- 2712005-7, +234 1-2802500 or send us an email at contactcenter@accessbankplc.com

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