Access Bank on Sunday said it will refund its stamp duty deductions made from the account of its aggrieved customers after a social media outcry on Saturday.
Stamp duty deductions apply to all credit received into current and savings accounts in respect to electronic transfer and teller deposits of N10, 000 and above. The money is remitted to the Central Bank of Nigeria.
Edeson Online News learnt that Access Bank Nigeria has also promised to revert deductions made between Saturday and Sunday back to customers.
According to a statement made on Sunday, the bank said it recognized that it is a tough period for customers.
Reacting to customers’ reactions over the usual deductions, Acess Bank said,
“We have considered your feedback and have decided to pay the stamp duty on our customers’ behalf for the affected period only,”.
“This means that individuals and SMEs who were debited for the accumulated stamp duty charge for February to April 2020 will be refunded.”
In an earlier statement, the bank had notified customers that it did not deduct stamp duty charges on transactions that occurred between February 1, 2020, and April 30, 2020.
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Femi FlipSide Akinyosoye
The management access bank are a bunch of stupid people. In this hard and difficult times this is all you can think of.
Sylvester Asiwaju
Hmm, access bank, Pls what kind of stamp duty are you people deducting from my acct , you have turned your bank to another thing o, Pls ammend your self's
Benayo Oladapo Otuomasirichi Augusta
They have refund mine ooooo wht nonsense them know how my money enter they bank, every time deduction this deduction that
Esther Agi
That's their cup of tea oo as for me once bank fully reopen I will open a new account with another bank and transfer all my money from access bank biko
Victor Divine
It is better they do so immediately
