CBN New Currency Policy Effective January 9, 2023
Daily ATM withdrawal: #20,000
Daily POS Withdrawal: #20,000
Above #20,000: Must be done electronically
Weekly Withdrawal Limit: #100,000
Highest Denomination to be dispensed by ATM: #200 notes.
Maximum withdrawal at the Counter weekly: (Individual) #100,000
Maximum withdrawal at the Counter weekly (Corporate Organization) #500,000
Processing Fees for withdrawal above limit
(a) Individual: 5% Processing Fee
(b) Corporate Organization: 10% Processing Fee
3rd Party Cheque above #50,000 not eligible for payment above the counter
(C) Haruna B. Mustafa
Director Banking Supervision
Central Bank of Nigeria
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