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Regulation12 August 20266 min read

What the CBN's new PSB guidelines mean for your wallet

New capital and settlement rules change what payment service banks can hold on your behalf. Here is the practical impact.

The revised guidelines tighten what payment service banks may do with customer float and raise reporting frequency. For most users the visible change will be tier limits and clearer disclosure of where balances sit.

If your salary lands in a wallet rather than a licensed deposit bank, check whether your balance is NDIC-insured and at what threshold.