Visa Infinite Foreign Currency Limit. All payments are limited to the funds available in the prepaid card. Zenith Bank enables Naira Cards for international spending 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. If you must pay above $100, you can apply for domiciliary account and get dollars credit card. In a statement to its customers, Union bank stated: " Please be informed that the daily/monthly spend limit on your Naira MasterCard is now $20. The card is a Naira denominated debit card which helps to keep track of what you spend online real-time. During the Naira/Dollar crises which saw Naira to Dollar exchange rate rise to almost 500, all Nigerian banks reduced the Naira MasterCard monthly spending limit out of the country to just 100 dollars. Re: Help With Naira Mastercard/visacard International Spending Limit by BjaySexy ( m ): 11:24am On Feb 01. In similar vein, Ecobank Nigeria also confirmed that a $100 monthly limit has been placed on international spending using its cards. It said, "We have reduced the daily international spending limit on your Naira MasterCard to $300.This means that you can only spend up to $300 daily when using your GTBank Naira MasterCard for international payments via POS and online. 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. atm service. One of the big banks in Nigeria, GTBank Limited, has announced an upward review of the monthly spending limit on the Naira Mastercard of its customers for international transactions. Thank you for banking with us.". the tier-one lender wrote, "Dear customer, the monthly spending limit on your GTBank Naira Mastercard is now $200 for international transactions. . The most popular credit card issuers on the market todayCapital One, Chase, Citi, . The banks informed their customers they were reducing the limit from $100 to either $20 or $50 a month . The bank had in February this year, reduced the monthly spending limit to $500, from the $1,500 it was previously, due to the . It's called Unity Platinum Debit Mastercard (USD) which is linked to your domiciliary account. All You Need To Know About Naira Card International Spending Limits For ... In one of such notices gleaned by this newspaper, it reads: "Dear Customer effective 16 August 2020, your Naira Mastercard International will be reduced from $500 to $300 monthly.". Related Videos. The UBA Debit MasterCard is a debit card issued on your Naira account and allows you only make transactions in Nigeria. atm service. Most of the messages relate to debit cards powered by Master Card. The Visa Infinite Debit Card is linked to your savings or current account. Features & Benefits. Visa Infinite Naira Limit. Kindly note that ATM cash withdrawal on your naira MasterCard is now only . Using a Sterling Bank Standard MasterCard gives you 24/7 access to the funds in your Savings and Current account anywhere in the world. Guaranty Trust Bank has lowered the international spending limit on its naira Mastercard to $500 a month. Local spend: ₦300,000 on ATM and ₦3,000,000 on POS/Web per day. In February, the United Bank of Africa (UBA) similarly lowered the international spending limit on its naira card from $100 to $20 a month. How much is a dollar to naira in GTBank? 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 . Banks slash dollar limit on naira debit cards to $100
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