dom accounts Archives

Stanbic IBTC begins deduction of N50 electronic transfer levy from domiciliary accounts

Stanbic IBTC Bank says it will start deducting the sum of N50 as electronic money transfer levy (EMTL) on transfers into domiciliary accounts. The bank notified customers of the development

We won’t tamper with foreign currency in your dom accounts, CBN assures customers

The Central Bank of Nigeria (CBN) says speculations that the apex bank is considering converting foreign exchange (FX) in the domiciliary accounts of customers to naira should be ignored. Speaking with

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CBN directs switches to stop processing local currency transfers into dom accounts

The Central Bank of Nigeria (CBN) has directed switches and processors to immediately cease all local currency transfers in respect to foreign remittances through International Money Transfer Operators (IMTOs) The

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