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LequteMan
Guest
According to Punch, several banks in the country have started charging customers for withdrawing funds from their domiciliary accounts.
Excerpt:
Several bank customers are now incurring charges for withdrawing cash from their domiciliary accounts, it has been learnt.
This followed the Deposit Money Banks’ decision to develop new revenue sources amid looming decline in profitability occasioned by regulatory headwinds and challenging economic conditions.
Although the banks are considering several new revenue sources, findings have shown that withdrawal fee on domiciliary accounts is one of the latest options that bank executives are looking at.
Punch
Excerpt:
Several bank customers are now incurring charges for withdrawing cash from their domiciliary accounts, it has been learnt.
This followed the Deposit Money Banks’ decision to develop new revenue sources amid looming decline in profitability occasioned by regulatory headwinds and challenging economic conditions.
Although the banks are considering several new revenue sources, findings have shown that withdrawal fee on domiciliary accounts is one of the latest options that bank executives are looking at.
Punch