Customers of Access Bank take to social media to complain about stamp duty charge deductions

Customers of Access Bank take to social media to complain about stamp duty charge deductions

There is an outrage by customers of Access Bank who are complaining about stamp duty charge deductions.

The outrage by Access Bank customers is evident on social media as the Bank is among the top trends.

According to many of the complaints, the charge has been consecutive with no explanation provided by Access Bank.

However, Access Bank Plc last week stated that they sent an email to customers explaining that the mandated stamp duty charge was not carried out between February 1, and April 30, 2020.

The stem duty charge is N50 and is for electronic transfers of naira-denominated current and savings accounts, all deposits, and transactions from of N10,000 upwards.

In the email sent to customers, Access Bank explained that the stamp duty charge was not carried out for three months and customers should expect deductions.

The email said, “We request that you kindly fund your account to accommodate this charge.”

The stamp duty charge is to be remitted by all banks to the and above Central Bank of Nigeria (CBN)

Here are the reactions to the stamp duty charge by Access Bank customers

 

 

 

 

 

 

 

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