Standard chartered bank open for cash withdrawal on weekends

Wiwo

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Quote from: Amphenomenon on March 29, 2023, 10:09:24 AM

Quote from: Wiwo on March 28, 2023, 01:46:07 PM

FG and CBN failed to get one basic knowledge that a lot of Nigerians don't know how to use e-banking while some don't even have an account, especially those Market Women. This shows that there are no proper Statistics about those using banks and citizens in the country because before any country can go into the digital world they need good Data structures.

In as much as I agree with you on the inability of the retail shops and market women to make e-transactions and also receive payments through internet banking, the fact that those so-called market sellers have cooperated with pos to dupe Nigerians in this period of cash scarcity.

-In my local market even if you want to buy something of ₦‎100 or ₦‎200 you are forced to pay a pos charge of ₦‎100 flat, and this is something that has really affected most Nigerians like myself who have the basic knowledge of banks charges because I will feel cheated each time I pay with my cards since the transfer is not going.
-Poor network and delay in inter-bank settlement opened the door to corrupt individuals to manipulate the policy thereby forcing it to a crash but in due time the policy will pick up and will have its full impact on the citizens.

Amphenomenon

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Quote from: Wiwo on March 28, 2023, 01:46:07 PM

Quote from: uchegod-21 on March 28, 2023, 09:08:43 AM

E also show say Nigeria never for mature wella to go all cashless. The petty traders who be some old women na dem suffer pass. Dem no see patronage again based on say dem no dey accept transfers.
After business the old women go cry go house and food fit no dey house again join. All these things dey happen Emefiele no wam gree release cash.
Las Las we go back to old naira. The election malpractice stop? Not at all. Plenty people don lose hope for the banking system of Nigeria.

-I believe that Buhari and the CBN governor have no idea of what a cashless society is and how to operate it effectively like other countries by providing 100% alternatives to cash to ease the impact of a cashless society.

FG and CBN failed to get one basic knowledge that alot of Nigerians don't know how to use e-banking while some don't even have an account especially those Market Women. This shows that there is no proper Statistics about those using banks and citizens in the country because before any country can go into digital world they need good Data structures.

Wiwo

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Quote from: uchegod-21 on March 28, 2023, 09:08:43 AM

E also show say Nigeria never for mature wella to go all cashless. The petty traders who be some old women na dem suffer pass. Dem no see patronage again based on say dem no dey accept transfers.
After business the old women go cry go house and food fit no dey house again join. All these things dey happen Emefiele no wam gree release cash.
Las Las we go back to old naira. The election malpractice stop? Not at all. Plenty people don lose hope for the banking system of Nigeria.

Baba the matter na one of the worst failure of Mefiele and his team in the CBN, because the cashless policy hasfailed woefully due to it inability to reach its a desired goal, because of bad timing and lack of implementation ideas which make the CBN become a tool in the hand of the corrupt bankers and pos to make life hard for the ordinary Nigerians and cashing out massively through currency trading and what have you.

-I believe that Buhari and the CBN governor have no idea of what a cashless society is and how to operate it effectively like other countries by providing 100% alternatives to cash to ease the impact of a cashless society.

uchegod-21

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Quote from: Wiwo on March 26, 2023, 08:58:35 AM

I got some cash yesterday just to test the authenticity of the bank email and I was paid over the counter ₦‎20,000 to a great extent cash availability is becoming rampant and normally is gradually returning to purchasing environment in the economy.

-these cashless policies have proven two things, which are!
1: The level of corruption in the micro economy and pos vs retailers scam with unnecessary changes.
2: secondly this policy has also shown the weaknesses of our traditional banking system, except for the help of online wallets.

E also show say Nigeria never for mature wella to go all cashless. The petty traders who be some old women na dem suffer pass. Dem no see patronage again based on say dem no dey accept transfers.
After business the old women go cry go house and food fit no dey house again join. All these things dey happen Emefiele no wam gree release cash.
Las Las we go back to old naira. The election malpractice stop? Not at all. Plenty people don lose hope for the banking system of Nigeria.

Wiwo

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I got some cash yesterday just to test the authenticity of the bank email and I was paid over the counter ₦‎20,000 to a great extent cash availability is becoming rampant and normally is gradually returning to purchasing environment in the economy.

-these cashless policies have proven two things, which are!
1: The level of corruption in the micro economy and pos vs retailers scam with unnecessary changes.
2: secondly this policy has also shown the weaknesses of our traditional banking system, except for the help of online wallets.

Marykeller

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I d happy for this update. At least this yeye POS people no go d scam people again cos dem do eat our money like madt. Omo d kind crowd wey full for bank this weekend no be here. Na to show sae people need cash badly. As em d now, na inside bank queue I d since morning, just to get some cash. I no know whether I fit get later run today sha cos d crowd wey d hia no be small thing. The minimum withdrawal wey Access bank wey d my area d give out so na 10k. 10k na something sha. If banks give out money like this for straight 1week, the whole naira notes go begin circulate wella. Nobody go d buy naira notes again and em go hit on POS people badly.

Cryptomiles1

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Usually na all customers fit go withdraw there but about deposit is solely for their customers who operates with them.
Anyway this information you pass here go really help us and me self go try weda I fit utilize am get small cash although my area no too dey close for where the Port-Harcourt branch dey but I go try luck see weda small money fit enter my hand.
Life no supposed hard for us.

Hyphen(-)

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Thank you for d update bro, I can see d way cash don de flow now from different angle, the scarcity of cash don de reduce because banks don de give enough money for ATM stand, unlike dat time wey d cash been scarce so te even banks self no de get cash, but as dem don de open d banks for Saturdays, hope de say very soon, cash go choke everywhere.

Nwada001

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I also got the same notification from 2 of my banks, which I kind of overlooked until I saw the one from the bank closer to my residence.

I finished up what I was doing for the day and headed down to the bank, but their was really nothing serious. I was given a number by the security, which was 176, and I spent about 4 hours there already waiting for my turn. When my phone battery was running low, I decided to visit my house and power my phone. When I got back around 3 p.m., the place was already kind of empty, but the security told me they were closed for the day already. I asked how by this time it was just some minutes after 3, but they insisted I go back home and come back tomorrow if I am ready to get cash or deposit which ever one I need...

I was kind of angry, but when I saw a few people coming out of the bank and I asked,
If they successfully withdraw any cash and the lady told me that is kind of wasted energy, that how can she spend transportation costs of #1200 from his place to the bank and what they ended up giving her was only #5,000 that she can't withdraw more than that? I just laughed and went back home in peace, deciding not to even try it again tomorrow.

Frankolala

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This is good news since the limited cash has been a big problem to Nigerians. I noticed this today when I was on my way to the shopping mall and I saw people I'm cue to enter the bank. When I asked someone told me that banks are given out cash and for fast circulation, they opened this weekend. All this was due to the NLC that said they will be going on strike next week Monday.

Omo I take advantage of this distribution of cash,drop immediately from my keke and join the cue so that make I collect cash put for pocket. Omo its been long wey I don get 10k cash for my hand but today bank give me 10k. Thank God things will soon get back to normal.

Zanab247

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I heard the news too yesterday from GTB, that some of their branches will start operation today 25th of march to reduce the problem of cash in the society. D tin sweet my belly well well, when I heard the information because d way POS operator are charging people in different location made people tired of living in this country because of low money circulation. I guess, their network too will be stable for their customers to deposit and also withdraw from their account easily as usual.

Wiwo

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First, make I apologize say I dey create this thread even though say we already have an. Existing discussion, the necessity of this thread is burnout of The urgency of the information in this update and the timing and to avoid the information from being buried under other comments so I said let me create this to give it visibility on time.

Update
-My people, I say make I update my fellow Nigerians on this good development from one of the international commercial banks in Nigeria, Standard chartered bank according to the email I received last night, the bank is opening some of their branches for cash transactions both withdrawal and deposits, to help ease the pains of Nigerians at this moment of cashless policy that have resulted into cash scarcity in the economy.

-So if you dey around this areas, you fit to make use of this bank to get cash, but e be like say na only their customers they dey serve.

Topic: Standard chartered bank open for cash withdrawal on weekends (Read 126 times)