Mon. Oct 26th, 2020

Reference Daily News

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Access Bank Bow To Customers Pressure, To Reverse Stamp Duty Deductions

1 min read

Access Bank has bowed to pressure from raging customers following their outcry, also offered to refund stamp duty charge for February to April.

It also said deductions made between Saturday and Sunday would be reversed to customers.

In a statement on Sunday, the bank said it recognised that it is a tough period for all their customers.

The bank’s customers had complained on various social media platforms on Saturday and Sunday over unnecessary stamp duty deductions.

In an earlier statement however, 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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