The Withdrawal Processing Fee is a ₦50 charge that is applied when you want to withdraw funds from your Nosh Naira wallet to your bank account. This fee applies to all withdrawals, and is added to the withdrawal amount during processing.
For example, if you withdraw ₦12,000, a total of ₦12,050 will be debited from your Nosh wallet, while ₦12,000 is credited to your bank account.
How Does It Work?
When you initiate a withdrawal from your Nosh Naira wallet:
An additional ₦50 processing fee is applied. The amount is clearly shown before you complete your withdrawal.
The exact withdrawal amount is credited to your bank account as requested.
The ₦50 processing fee is deducted from your wallet balance.
Why Was the Processing Fee Introduced?
Previously, withdrawals were processed without this charge. However, due to new regulatory requirements associated with outward payments, this processing fee now applies.