USSD is one of the fastest means of accessing banking services not only in Nigeria but the whole world because of its convenience and do not need internet connectivity nor a smartphone, it could be done using even the so called "kpalasa phones". However, MTN has sent series of messages to its subscribers informing us that it will start charging an amount for the services.
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The message from MTN reads; " Yello, as requested by your bank, from Oct 21, we will start charging you directly for USSD access to banking services. Please contact your bank for more info".
Although, for some this is not new as they've been used to being charged by MTN and other network for using the service, while for many others, this is new to them.
New MTN USSD Charges
As for the amount that will be charged, MTN wrote " Yello, Please note that from Oct 21, we will charge N4 per 20 seconds for USSD access to banking services. Thank you".
What this implies is that there is no flat rate but instead will be charged per 20 seconds. For every 20 seconds you spend checking your account balance or getting a mini statement or making any transaction, you will be charged N4. This may be another plot to force customers to make used of the less convenient mobile bank app which requires mobile data and smartphone.
