As Nigerians have been agitating over the introduction of the new fee of N6.98 for the use of USSD, commercial banks have refuted claims that they are the ones who has introduced this again! In a memo made across to omonaijablig.com, the banks says;
Please be informed that you are now required to pay a fee of N6.98 to your mobile network provider for every banking transaction carried out on all USSD banking platforms.
This means that when you access any banking service using USSD, a fee of N6.98 will be charged to your bank account, which is in turn remitted in full by your Bank, to your mobile network provider.
Please note that Airtime and Data purchases via USSD are exempt from this charge.