• Dollar scarcity: Banks suspend ATM card usage abroad

    Dollar scarcity: Banks suspend ATM card usage abroad

    Deposit Money Banks have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar scarcity continues to hit the economy badly.

    Stanbic IBTC Bank, Standard Chartered Bank Nigeria and Guaranty Trust Bank on Friday announced the suspension of their overseas ATM card services.

    Also suspended by the banks are online transactions priced in foreign currencies. This means that customers of the banks will no longer be able to use their debit or credit cards to make online […]

  • Club girl, her lover withdraw N.3m with stolen ATM card

    Club girl, her lover withdraw N.3m with stolen ATM card

    Operatives of Rapid Response Squad of Lagos State Police Command on Friday apprehended a young lady, her boyfriend and two others for stealing an Automated Teller Machine card, which belonged to one Musa Alli, and withdrew over N300,000 from the account.

    The lady, Imoleayo Bamigboye, 24, was arrested by the operatives at a club house in Surulere area of Lagos State over the crime.

    After Bamigboye’s arrest, the RRS operatives then arrested three other accomplices, including her boyfriend, Adeyinka Ayodele, on the […]

  • Cook, 35, docked for withdrawing with employer’s ATM card

    Cook, 35, docked for withdrawing with employer’s ATM card

    A 35-year-old cook, Emeka Akpama, was on Tuesday arraigned in Lagos for allegedly stealing the Automated Teller Machine (ATM) card of his employer, who was away on Holy pilgrimage in Jedda.

    Akpama is facing a two-count charge bordering on theft at a Tinubu Magistrates’ Court.

    The prosecutor, Insp. Ben Ekundayo, told the court that the accused had on Sept. 1 at about 10.00a.m., stolen his employer’s Standard Chartered Bank ATM card at his residence in Lekki area of Lagos.

    “The cook stole the […]

  • Did You Know That Your ATM Card Can Do These 7 Things? Check Them Out

    Did You Know That Your ATM Card Can Do These 7 Things? Check Them Out

    Some people believe all they can do with their Automated Teller Machine is to withdraw money but they are very wrong.

    Most customers feel comfortable using their debit cards to withdraw money from the Automated Teller Machine.

    Some have gone the extra steps of using it to pay for goods and services at the Point of Sale machine.

    However, the plastic can do a lot for customers and totally transform their transaction life if they are careful and versatile with its usage

    A report […]