Access Bank to refund stamp duty deductions

By Andrea Samuel

Access Bank Plc has urged its customers and the general public to disregard social media report of its shutting 340 branches nationwide.

Access Bank on Sunday agreed to refund its stamp duty deductions made from the accounts of aggrieved customers following social media outcry.

Stamp duty deductions apply to all credit received into current and savings accounts in respect to electronic transfer and teller deposits of N10, 000 and above.

The money is remitted to the Central Bank of Nigeria.

Access Bank Nigeria has also promised to revert deductions made between Saturday and Sunday back to customers.

According to a statement made on Sunday, the bank said it recognized that it is a tough period for customers.