CBN 2025 Review of Automated Teller Machine (ATM) Transaction Fees: Misconceptions and Realities

On February 10, 2025, the Central Bank of Nigeria (CBN) released a circular revising Automated Teller Machine (ATM) withdrawal charges, set to take effect from March 1, 2025. This publication offers a concise overview of the circular, clarifying its key provisions and dispelling common misconceptions. It explores the policy’s broader implications for financial inclusion, low-income users, agent banking fees, and Nigeria’s cashless economy agenda. The changes are aimed at addressing operational cost challenges and improving the sustainability and efficiency of ATM services. Download the full explainer to learn more. Download