FCMB (First City Monument Bank) is a financial institution in Nigeria that offers a wide range of banking services to its customers. Like most banks, FCMB charges its customers for various services rendered. In this article, we will take a look at the FCMB charges and how they affect customers.Information Guide Nigeria
Account Maintenance Fee
One of the charges that FCMB customers need to be aware of is the account maintenance fee. This is a monthly charge that is deducted from the customer’s account to cover the cost of maintaining the account. The amount charged varies depending on the type of account and the account balance.
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For instance, the regular savings account attracts a monthly maintenance fee of N105.00, while the current account attracts a fee of N1,050.00. The amount charged for the maintenance fee is subject to change, and customers are advised to check with the bank regularly to know the current fees.
ATM Charges
FCMB also charges its customers for using their Automated Teller Machines (ATMs). Customers are allowed to make four free withdrawals from the bank’s ATM in a month, after which a charge of N65.00 per transaction is incurred. The bank also charges a fee for using other banks’ ATMs, with the charge ranging from N65.00 to N200.00, depending on the transaction.How much does FCMB charge for transfer
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Transfer Charges
Customers who use FCMB to make transfers to other banks are also charged a fee. The fee varies depending on the amount being transferred and the type of account used. For instance, a transfer of N5,000.00 or less using the FCMB mobile app is charged N10.00, while a transfer of the same amount using other channels like USSD attracts a fee of N20.00.20 Best Ceiling Chandeliers and their Prices in Nigeria
Other charges
Other charges that FCMB customers need to be aware of include the card issuance fee, which is charged when a customer requests a new debit card. The fee is N1,050.00 for regular debit cards and N2,100.00 for premium debit cards.2 Best Pliers Power & Hand Tools and their Prices in Nigeria
Customers who request a statement of account are also charged a fee, with the fee varying depending on the type of statement requested. The charges range from N50.00 for a mini statement to N500.00 for a full statement.105 Good Morning My Love Messages
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It is important for FCMB customers to be aware of the charges associated with their accounts. These charges are necessary to cover the cost of maintaining the accounts and providing various services to the customers. Customers are advised to check with the bank regularly to know the current charges and avoid any surprises.
How much does FCMB charge for the transfer?
The cost of transferring money via FCMB varies depending on the type of transfer and the amount being transferred. Here is an overview of the different transfer options and the fees associated with each:
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- Interbank Transfer: This is a transfer between FCMB accounts and accounts held in other banks in Nigeria. FCMB charges a fee of ₦52.50 (VAT inclusive) for transactions up to ₦500,000 and a fee of ₦105 (VAT inclusive) for transactions above ₦500,000.
- Intra-bank Transfer: This is a transfer between FCMB accounts. The bank does not charge any fees for intra-bank transfers.200 Romantic Love Message For Her
- International Transfer: This is a transfer of funds to a bank account held outside Nigeria. FCMB charges a flat fee of ₦5,000 (VAT inclusive) for all international transfers regardless of the amount being transferred.
It is worth noting that there may be additional charges imposed by the receiving bank or intermediary banks involved in the transfer process. Customers are advised to confirm with the recipient’s bank before making any international transfers.
In addition to the fees outlined above, FCMB also charges a maintenance fee of ₦105 (VAT inclusive) on current accounts and a fee of ₦50 (VAT inclusive) on savings accounts per quarter. This fee is charged for the maintenance of the account and is separate from transfer fees.JAMB Portal
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Conclusion
In conclusion, FCMB offers competitive transfer fees that are in line with industry standards. Customers can choose from a range of transfer options to suit their needs, including interbank transfers, intra-bank transfers, and international transfers. It is important for customers to be aware of any additional charges that may be imposed by the recipient’s bank or intermediary banks involved in the transfer process.
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