If you are a Diamond Bank customer, you can now use any Access Bank ATM as much as you want without fear of getting a 65-naira penalty after a third transaction.

The bank made this revelation on Tuesday, while wishing its customers a happy new year.

“Wishing everyone a happy new year. Now with over 3,100 ATMs free to use for all our customers,” the bank said via Twitter.

In 2014, the Central Bank of Nigeria (CBN) informed Nigerians that cash withdrawal at the ATMs of a customer’s bank is free, but withdrawal at another bank could cost you 65-naira.

The CBN stated that the first three transactions in a month by the customer of another bank are free for the card holder but paid for by the issuing bank.

Also Read: Diamond Bank: Is It A Merger Or An Acquisition?

The 65-naira charge only applies when a customer withdraws cash from another bank’s ATM, and it starts to apply from the fourth transaction at another banks’ ATM in a month.

Diamond Bank is effectively saying all transactions across Access Bank ATMs are free, showing that the banks are now one in principle.

The bank, which is undergoing a merger with Access Bank, is expected to be the biggest bank in Nigeria, when the deal is concluded.

Don't forget to share this story with your friends.

Also Watch: