#CashlessLagos: Why Should Access Bank Charge Customers To Use Its Electronic Channels?
The SMS reads:
“Dear Customer, Enjoy unlimited access on all our electronic channels-ATMs /POS, Cards and Intra bank transfers on accessonline for just N100 monthly.”
Granted, banks charge between N50-N100, when customers are making withdrawals from ATM machines other than their banks’.
My concern is why banks such as Access Bank should be charging its own customers to use its own electronic channels.
Isn’t the cashless policy a way to generate more cash for these financial institutions?
In my opinion, the banks are benefiting more from this policy than its customers.
What are your thoughts?
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