international spending limit on naira mastercard

• Debit card linked to your Naira Savings and/or Current . GTB Naira MasterCard daily limit 2017 and other useful facts . In a move to reduce dollar obligations, commercial banks in the country are cutting monthly international spending limits on Naira cards to $20 compared to the precious limit of $100. In a message to its customers on Monday, Guaranty Trust Bank said the new limits for both spending using their Naira MasterCard and cash withdrawal abroad stood at $50,000 per year, as against the . It offers a convenient alternative to the use of cash and cheques. We spoke to seven Nigerians about how the new $100 limit is affecting them - they range from Lagos businesswomen who imports clothes and "adult toys" to a student who uses a Naira debit card to meet daily expenses in Europe. Zenith Bank Plc and First Bank of Nigeria have reduced the international spending limit on their naira cards to $20 and $50, respectively. Recently, banks customers recieved . Features & Benefits. Zenith Bank enables Naira Cards for international spending Over the weekend, First Bank, Zenith Bank, Sterling Bank, Guaranty Trust Bank, Union Bank and other banks sent notices to their customers on the restrictions. Ecobank Nigeria has again reviewed, upwards, the daily limit that customers can spend with their naira MasterCards for international transactions. . In a move to reduce dollar obligations, commercial banks in the country are cutting monthly international spending limits on Naira cards to $20 compared to the precious limit of $100. Local POS (& Online) transaction Limit: Web-N500 000. "This means your card can be used on POS, Web, and ATM for a cumulative transaction value of up to $1,000 monthly. Re: Please O!. In order to conserve foreign currency and to bypass settlements from debit card use abroad, banks in Nigeria are placing a limit on transaction and withdrawals.

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