Access Bank Commences Foreign($) Cash Deposits

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One of Nigeria's leading banks, Access Bank PLC has announced that customers can now make foreign currency cash deposits subject to a maximum of $ 10,000 per month into their accounts and also transfer same offshore effective today, the 8th of November 2015.

This development is coming one month after the bank announced that all foreign transactions on POS, internet and ATM channels will be subject to a monthly limit of $1000.
We recall that a few months ago, the Central Bank of Nigeria (CBN) took very quick steps towards putting an end to the dollarization of the economy by ensuring that all transactions in the country are carried out in Naira except for very special and unavoidable occasions.


Awesome News. Thanks IBank