Access Bank New List of Approved Charges on Customer’s Savings and Current Account
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Access Bank is one of the largest banks in Africa (by customer base) and a Nigerian Multinational Commercial bank licensed by the Central Bank of Nigeria; it has turned out to be the largest Bank in Nigeria (by assets).
The bank recently released a new list of approved charges on the customer’s savings and current account. It made a list of approved charges that will apply to financial transactions below N50,000 and those above it.
Also, a list of charges for the savings account will apply to actions or activities in the account. Do you want to know about these charges and the financial activities that may attract them? Read on to get the detailed gist.
Access Bank list of Approved Charges for Personal Savings Account
Here is the list of approved charges for the personal savings account:
| Type of Service | Service Charge |
| Quarterly Card maintenance fee | N53.75 |
| Electronic Money Transfer (above N50,000) | N50 |
| Account Restrictions | N/A |
| Transactional SMS | N4/SMS |
| Card Issuance fee (if requested for) | N1,000 |
| Electronic Money Transfer (within N50,000 to N5,000) | N25 |
| Electronic Money Transfer (below N5,000) | N10 |
Note:
- Interests will not be earned if you make more than four monthly withdrawals.
- Electronic money transfer fees are charged on all electronic transfers of money deposited in a bank or financial institution, on any account, in the sum of N10,000.00 and above.
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Approved Charges for Personal Current Account
| Type of Service | Service Charge |
| Account Maintenance fee | N1 per mille |
| Electronic Money Transfer levy | N50 |
| Transactional SMS | N4/SMS |
| Debit card maintenance fee | N/A |
| Monthly Maintenance charge | N/A |
| Cheque Book Charge (VAT inclusive) | 25 leaves = N806.25 |
| 50 Leaves= N1,612.50 | |
| 100 Leaves= N3,225 |
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Approved Charges for Business and Corporate accounts
| Type of Service | Service Charge |
| Electronic money Transfer fee | N50 |
| Transactional SMS | N4/SMS |
| Debit card Maintainance fee | N/A |
| Interest Rates: Less than ₦51 million | 0.0% |
| ₦51m- ₦100m | 0.75% |
| ₦101m – ₦200m | 1.25% |
| ₦201m – ₦400m | 1.50% |
| ₦401m -₦500m | 1.75% |
Other Approved Charges
| Type of Service | Service Charge |
| Naira card maintenance fee (Quarterly) | N50+ N3.75 VAT |
| USD card maintenance fee (Annually) | $10 |
| Card Issuance fee (Naira) | N1,000 + N75 VAT |
| Card Issuance Fee (USD) | USD equivalent of N1,075 |
| Card re-issue or replacement | N1,000 + N75 VAT or its USD equivalent |
| Nairacard ATM withdrawals (Internationally) | N420 |
| USDcard ATM withdrawal (Internationally) | $3 per transaction |
| Cost of Hard token | N2,500 |
| Cost of Soft Token | N1,500 |
The comprehensive details of the Access bank-approved charges are found here.
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