Zenith Bank Public Service Announcement
The Central Bank of Nigeria (CBN) Naira Redesign Policy with Revised Cash Withdrawer Limits detailed below takes effect on Monday, January 9th, 2023.
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The maximum weekly limit for cash withdrawals across all channels by individuals and corporate organizations shall be N500,000.00 and N5,000,000.00, respectively. In compelling circumstances where cash withdrawals above the limits are required for legitimate purposes, such requests shall be subject to a processing fee of 3% and 5% for individuals and corporate organizations, respectively.
Third party cheques above N100,000 shall not be eligible for payment over the counter, while the existing limit of N10,000,000 on clearing cheques still exists. We urge you to take advantage of our robust suite of digital channels to carry out your transactions in view of the above limitations on cash withdrawals.
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