United Bank for Africa published the names of three customers that have not satisfied the regulator conditions for obtaining foreign exchange at the CBN official rate. Required fields are marked *. It said, Dear customer, we write to inform you that you will no longer be able to use your Naira Mastercard for international online and POS transactions effective 31st December 2022. In March, financial institutions cut the international spending limit on naira cards from $100 to $20 monthly. It can be used to make purchases online, pay bills, and access cash at ATMs worldwide. Visit any UBA Branch near you. Required fields are marked *. This is coming two weeks after GTBank announced it has capped international spending limit on its Naira MasterCard to $100 per month from the previous $500. The limits on international transactions using naira debit cards had been cut down from $100 (about 50,000) )to $20 (around 10,000) per month. So only Zenith left? Again, UBA Reduces International Spending Limit on Naira Card as Forex First Bank of Nigeria Limited, had, on September 30, suspended international transactions on its naira Mastercard. Zenith Bank Plc sent emailed note to customers on the new payment plan . September 6, 2022 By Sikiru Obarayese Over the past month, Nigeria's commercial banks declared reduced limits on international transactions using naira debit cards to $20 per month. When you have a Domiciliary Account, youll be able to get a card as well, this can be a Dollar Card or EUR, depending on the currency you selected when opening the dom account. Then, navigate to the next step to make payment for the card issuance, choose your payment . If you have higher International spend requirements, simply visit any of our branches and request for a foreign currency debit or prepaid card, which are available in US Dollar, Pounds, and Euro variants, Zenith Bank added. International Spending Limit - Business - Nigeria - Nairaland Recently, banks customers recieved . The Central Bank of Nigeria (CBN), for over a few months now has ordered all banks to impose a spending limit on all international transactions. Option to sue, high price tag 5 things Nigerians should know about Starlink, Basketball: Kwara Falcons, First Bank win Bullet championship prizes, Ibukun Awosika appointed to Binance global advisory board, First Bank to suspend intl transactions on naira cards Sep 30, First Bank to face MFM in WAfrican women basketball tourney final, Its been battles and sacrifices Remi Babalola explains why he resigned from FBNH, Golf: Ibom Icon, First Bank partner for Lagos Open, PenCom: Leadway Pensures shares in First Bank belong to RSA holders, MATTERS ARISING: All eyes on SEC as First Bank ownership tussle rages on, ALERT: First Bank warns against fraudsters, asks customers to avoid storing account details on mobile devices.

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