FirstBank Nigeria has announced the reintroduction of processing fees on cash deposits, effective from May 1, 2024, in adherence to regulatory mandates.
The updated fee structure aims to align with industry standards and optimize operational efficiency.
Under the revised policy, the following processing fees will be applicable:
Individual Accounts: A 2% processing fee will be charged on deposits exceeding N500,000.
Corporate Accounts: A 3% processing fee will apply to deposits surpassing N3,000,000.
This adjustment reflects the bank’s commitment to regulatory compliance while ensuring sustainable banking practices.
“We appreciate your ongoing support and loyalty,” FirstBank expressed in a statement to its customers, acknowledging their continued patronage amidst these changes.
For further details or clarification regarding the revised processing fees, customers are encouraged to reach out to FirstBank’s customer service channels.
