First Bank Of Nigeria Cheque Book

Confirming this development is a recent mail by first bank of nigeria limited to its customers titled new features on cheque books.

First bank of nigeria cheque book. First bank of nigeria limited disclosed this in a mail to its customers titled new features on cheque books. In the mail first bank said that the central bank of nigeria had approved a new cheque standard to fully take effect from january 1 2021. This account allows funds transfer and bank cheques drafts. The bank therefore urged the customers to pick up their new cheque books at all open first bank branches nationwide.

In any month more than 10 withdrawals are made default amc is applied at prevailing rate on total withdrawal made. Buhari receives in audience former finance minister ngozi okonjo iweala. In the mail fbn said that the approved new cheque standard will fully take effect from january 1 2021. In a note to its customers first bank of nigeria limited said the central bank of nigeria cbn had approved a new cheque standar.

Nigerian banks plan to introduce new cheque books with new digit on the magnetic ink character recognition code line and expiry dates effective from january 1 2021. With effect from january 1 2021 banks will introduce a new digit on the magnetic ink character recognition code line and expiry dates to new cheque books. Part of the report read all cheque books will now have expiry dates. The central bank of nigeria cbn recently stated that in its report that it was ensuring an enabling environment for efficient cheque processing and other paper based payments instruments through completed application of new.

It allows a maximum of ten 10 withdrawals per month. Get the headlines as they happens. The central bank of nigeria cbn has approved a new cheque standard that will introduce new digit on the magnetic ink character recognition code line and expiry dates for new cheque books. This account allows access to any of the numerous bank s products.

First bank of nigeria limited disclosed this in a mail to its customers titled new features on cheque books. It can be used to access loans. In the mail first bank said that the central bank of nigeria had approved a new. Alternate channels withdrawals are inclusive.

Account holders get free issuance of initial cheque book. Inter branch transactions account owner and third parties are allowed.