What You Need To Know About Access Bank’s Stamp Duty Charge and Its Reversal

Following a social media outburst from its customers, Access Bank has opted to reverse the stamp duty charges applicable to transactions between February 1st, 2020, and April 30th, 2020. The stamp duty charge was reviewed from being charged on every deposit/transfer exceeding N1,000, to a N50 charge for every deposit or transfer that exceeds N10,000 …