Zenith Bank commences N50.00 stamp duty charge - ITREALMS

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Zenith Bank Plc has commenced the implementation of N50.00 only stamp duty charge on eligible transactions, reports ITREALMS.

According to a public statement sent to Zenith customers and available to ITREALMS, the bank now charges N50.00 per transaction.

This, ITREALMS gathered, applies to all transfers and deposits of N1,000 and above received into eligible accounts.

The management of Zenith also says that “savings account and intra-account transfers are excluded.”

In addition, the bank said, that the aggregated amount of stamp duty charges deducted from eligible transactions weekly will be debited every Friday into the customers’ accounts and notifications sent accordingly.

Chuks Egbune/DoP

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