New Bank Charges Now Apply on All FasteCash Withdrawal

Dear FasteCash Users,

This is to let you know that about N110.25 (One hundred and ten naira, twenty five kobo) has been added to the fee you will need to pay when you are withdrawing money from your FasteCash account. This is in addition to the 5% withdrawal fee for Normal account users and 2.5% withdrawal fee or N2,500 maximum withdrawal fee for Classic account users

We suddenly discovered that our bank applied the amount to the money we are transferring to other banks. There was no pre-information about this from the bank and this is different from the huge COT we pay on monthly basis.

Since CBN cashless policy is being enforced more than ever, the best option to move money now remains the online platform. For us to be able to serve you better, remain in business and provide instant online banking transfer for our customer, we have to apply this fee of N110.25 to every withdrawal and this takes effect immediately.

We have also updated our fee page at about this.

If you have any comment on the fee, kindly let us know by writing it in the comment box below.


About Gbeminiyi Oluwabusola

Gbeminiyi Oluwabusola is a web developer, internet/information marketer, team leader and an entrepreneur. He is the MD/CEO of MeritChoice Limited. He is currently running an internet marketing programme on How Anyone Can Be Making ₦300k+ Monthly Online. Click here to learn more.
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