Zenith Bank has announced that they will be reducing internet banking transactions enabled by a token from N50,000 to N20,000. It has gradually been reduced from about N150,000 since the introduction of the hard ware token. This is the official email below;
Dear Valued Customer,
Thank you for banking with us.
Please be informed that the daily transfer limit for the software token on internet banking has been reduced from N50,000 to N20,000. Consequently, only hardware tokens will now be used to authenticate transfers above N20,000 on internet banking.
In addition, from January 1st 2014, use of the software token will be discontinued for all internet banking transactions.
Kindly request a hardware token if you do not have one already. It is more efficient and secure, and enables you make transfers up to two million Naira, daily. There is no limit to the number of transfers you can make, so long as the maximum daily limit is not exceeded.To request a hardware token, please download the application form from our website 
or visit the nearest Zenith Bank branch to you.
Thank you for choosing Zenith Bank Plc.
