Nigerian Banks Update Customers on New Cash Deposit and Withdrawal Policies
Nigerian banks such as Access Bank, UBA, GTB, Ecobank, and Wema Bank are updating customers on new cash deposit and withdrawal policies starting January 1, 2026, following the Central Bank of Nigeria's directive. The changes aim to improve cash management, enhance security, and promote the use of digital payment channels for safer and more convenient transactions.
The CBN also warned against any advertising or promotional materials that violate consumer protection standards. Banks are emphasizing transparency, compliance, and the adoption of electronic payments nationwide.
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