savings accounts Archives

Banks Reject order to accept Cheques into savings accounts

by NEWS AGENCIES
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Deposit Money Banks (DMBs) are yet to comply with the Central Bank of Nigeria (CBN) directive that they allow cheques payments into savings accounts, this is according to a report by The Nation newspaper. The apex bank instructed the lenders that savings account customers with Bank Verification Number (BVN) should be allowed to deposit cheques […]

“Cheques can now be paid into savings accounts” says, CBN

by NEWS AGENCIES
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The Central Bank of Nigeria on Tuesday released four new guidelines for the banking industry, top of which was an approval for bank customers to make cheque deposits into their savings accounts. Prior to this development, bank customers could only make cheque deposits into their current accounts. The new guidelines were contained in a circular posted […]

Banks Reject order to accept Cheques into savings accounts

“Cheques can now be paid into savings accounts” says, CBN

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