Daily & Weekly Transfer Limit of $10,000 and $50,000 respectively or its equivalent in other currencies. “The new applicable limit on your Naira card is $100 (or its equivalent in other foreign currencies) monthly effective August 21, 2020. Already the CBN has directed all the banks to advise their customers to ensure strict compliance as any violation would be met with stiff sanctions. Business. Gtbank International Spending Limits & Charges: Withdrawals at ATMs Outside Nigeria: 300 US Dollars Daily: Charges: 1,200 Naira on Each Withdrawals: POS and Online Transactions: $3000: Charges: Free for POS and Online Transactions Zenith Bank Caps International Spending Limit at $100 Per Month – latest Zenith Bank international spending limit Following persistent forex scarcity impacting the nation, Zenith Bank has joined other deposit money banks capping international spending limits to ease pressure on dollar availability. On two different occasions this year, the Central Bank of Nigeria (CBN) had to adjust the value of the Naira to the Dollar; first from N306 to N360 and then to N380, its current rate. It is linked online real-time to the customer's Naira denominated GTBank Current and/or Savings account. This is coming months after a foreign exchange (forex) crisis in Nigeria led many banks to slash their international transactions monthly limit to about $100, with some reducing it to as low as $20 per […] “Dear customer, the monthly spending limit on your GTBank Naira Mastercard is now $500 for international transactions,” it … The GTbank international spending limit for the month was recently rasied from $100 to $1,000.This message was officially communicated to their various customers through emails (of which I am also one of them). One of such notices seen by Nairametrics reads: “Dear Customer effective 16 August 2020, your Naira Mastercard International will be reduced from $500 to $300 monthly.” Note that some bank have also reduced their monthly spending limits to as low as $100. Multi-purpose spending companion – Your GTBank TZS Debit MasterCard is capable of making all forms of local payments across all channels (ATM, POS, Online) and international payments (via POS & Online). Guaranty Trust Bank Plc has slashed the monthly dollar spending limit on its customers' naira Mastercard to $100, for international transactions. Switch to the light mode that's kinder on your eyes at day time. In line with the review, which takes immediate effect, users of such cards as the Naira MasterCard have been advised to limit their spending to only $50,000 per annum, from $150,000 previously. Afr... HUAWEI has been working on developing alternatives to Google’s various services that are used in its smartphones. Guaranty Trust Bank Plc has held its 2020 Annual General Meeting which was previously scheduled to hold today, long before the Coronavirus pandemic hit Nigeria. March 25, 2020 Banking, others, GTBank sent an email to all its customers about the review of International Spending limit on Naira MasterCard . The GTBank Platinum Debit MasterCard is a Naira denominated premium debit card issued in partnership with MasterCard Worldwide. Switch to the dark mode that's kinder on your eyes at night time. Reasons for he change in monthly transaction limit is best known to then . Each day passes by without Nigerian banks coming up with policy in regards to US Dollars. Nigeria: GTBank Cuts Monthly Dollar Spending … As an alternative to ... Am A researcher on latest technologies, computer engineer/Android tv box engineer. “Dear customer, the monthly spending limit on your GTBank Naira Mastercard is now $500 for international transactions,” the notice read. UPDATE: GTBank holds AGM, approves key resolutions amid Coronavirus scare. The company, in a notice to its customers, said, “In light of the uncertainties in the Foreign Exchange Market, we have had to review international card spending limits. GTBank  sent an email to all its customers about the review of International Spending limit on Naira MasterCard. Customers have been unable to bypass the previous $100 Spending Limit Pegged on GTBank Naira Master Card s for foreign transaction usage for months now, not unless users opt-in dollar Card Local POS & Online daily transactions: TZS 1,000,000. Since the government enforced the $100 limit, the only way for people to spend Dollars freely was to open a domiciliary account and getting a dollar card. 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There has been an increase in the number of domiciliary accounts opened with GTBank since then but with the restriction on international spending now raised to $1000 people can be happy to use their GTBank Naira MasterCard again. Nigeria’s foreign earnings took a hit on the back of the coronavirus pandemic especially from the sale of crude oil which plunged and as a result, put pressure on the local currency. Few weeks back at  CES , Google gave a sneak peek of a feature that would let your Android devices read entire web pages out loud to yo... Microsoft launched Office 365 on June 28, 2011, as a new subscription model for the company’s popular suite of office applications, but i... WhatsApp has finally launched it’s much-needed “Disappearing Messages’ feature with a time limit of seven days before the message gets aut... Android 10 which was released last year was a major move for the operating system. 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