All rights reserved. This was the method adopted by banks in 2015 at the onset of the dollar crunch which was caused by a drop in crude oil prices, leading to the country’s recession in 2016. GTBank dey try sha, but this limit be serious thing. Gtb reduced spend for international transactions to $100 via your Naira MasterCard. In March 2020, the spending limit dropped further as the bank announced a maximum of $500 monthly spending for international transaction. A vendor poses as he counts Nigerian naira banknotes inside a shop in Idumota Market, in Lagos, Nigeria February 11, 2019. The Guaranty Trust Bank in Nigeria has increased their monthly dollar limit on Naira card to $200. See How To Advertise. Your GTBank … GTBank MasterCard can be used to pay for goods and services at 34 million merchant locations worldwide (hotels, supermarkets, e.t.c.) Thank you for banking with us,” the notice read. Show me: All Cards All Cards World MasterCard. Get a dom acc and source for usd yourself, GTB Has Increased The Dollar Limit On Naira Card To $200, GT Bank Has Increased The International Spending Limit On Their Naira Mastercard, Police Fire Tear Gas At Innoson Motors Workers, GTB Moves To Shut Down Factory, Re: GTB Has Increased The Dollar Limit On Naira Card To $200, Exquisite Sanitary Wares At The Best Prices, Princess(dr)rachael Adefunke Wellington And Her Company Trans Africa World Air. The bank had also set daily limits for withdrawals outside Nigeria at $300. Gtbank Naira MasterCard International Spending Limit Guaranty trust bank sent out email and text messages to all its subscribers this morning (September 10 2018) to notify them of changes that has been made to gtbank naira mastercard international spending limit. Recent events in south-western Nigeria, as I would offer to think, are not ordinary. The GTBank Debit MasterCard can be issued with a minimum of N1,000. Omo, Buhari don finish us, — Kremlin™© (@KremlinKidd) August 12, 2020. It is denominated in US Dollars, but can also be used to make payments in other major currencies. This development affects online, POS and ATM activities as the Mastercard can be used to complete all kinds of transactions including cash withdrawals, payments and purchases in Nigeria and abroad, across all channels. — T.W.I.X DA J.I.M.S (@twixdajims) August 12, 2020, Tried to do a $439 transaction on my Gtb this morning as per working with the old limit of $500 and I was hit with an L https://t.co/Crnx0nPCT2, GTB is restricting monthly spend limit on Naira MasterCard to $100. The bank made this known in a text message it sent to customers yesterday. The Central Bank of Nigeria (CBN) has moved to firm up the naira against the dollar. At the time, Zenith Bank had also announced a similar course of action, setting international withdrawal limit at $1,000 a month. by Nobody: 8:37pm On Aug 08, 2015 $300 daily ceiling limit has been imposed naira denominated … “We would like to inform you that the monthly spending limit on your GTBank naira master card has been reviewed from $3,000 to $1,500 for your international online and PoS transactions effective from March 25, 2020.” Likewise, Zenith Bank adopted a similar measure by setting an international withdrawal limit of $1,000 a month. The GTBank NRN Naira MasterCard is a Naira denominated debit card issued in partnership with MasterCard Worldwide for Non-resident Nigerians (NRN) that allows you spend from your naira account in Nigeria and Abroad. Premium benefits for premier customers . GTBank Virtual Prepaid Cardholders are restricted to loading a maximum of N100,000 on their virtual cards daily. Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. GTB has reduced its monthly spending limit on international transactions using its Naira MasterCard from $1000 to $500 in March and now to $100.Not surprising considering the way FX rates are doing gegenpressing on the naira. “However, your daily ATM withdrawal limit is pegged at $300.” The Guaranty Trust Bank also sent a mail on downward review of international spending limit on naira master … Then more people had more needs so GTBank decides to increase the limit to three million Naira. Here are a few reactions from Nigerians on Twitter on the latest development from GTB. In a notice sent to its customers in September 2018, GTB pegged international monthly spending limit at $3,000 while daily ATM cash withdrawal had a limit of $300. Just over a week ago, GTBank and other banks like UBA and Zenith bank raised the monthly spending limit on its Naira MasterCard to $1000, an upgrade from the previous $100 limit.Even with this new development, there are still some limitations to the Naira MasterCard as it … GTBank Visa Credit card is an international payment card issued in partnership with Visa International and directly linked to your account. “The new applicable limit on your Naira card is $100 (or its equivalent in other foreign currencies) monthly effective August 21, 2020. Pay back at an interest rate of 1.33% monthly*. UBA Joins Zenith, GTB to Cap International Card Spending Limits The United Bank for Africa on Sunday announced it has reduced international spending limits on its Naira denominated cards due to the uncertainty surrounding the foreign exchange market. As of Today (being Friday 31-July-2020), Zenith Bank customer care informed me that the limit on their Naira Master/Visa Card per month is now $200 USD. Picture taken February 11, 2019. Fidelity Bank International Spending Limit. Kindly take note of this update. GTBank NRN Naira MasterCard. Get up to ₦5million within 2 minutes. Enter the total funds you want to move and click OK. But it is an improvement from the previous $100 limit as at September 2020... i believe as they get things right, they will still increase it. To this end, the apex bank yesterday unveiled a reduction on spending limits on foreign exchange with the Naira Mastercard. Learn More Select to Compare. It keeps on saying sorry transaction not successful due to multiple attempts. Your daily funding limit is the maximum amount that can be loaded on your virtual card daily. I want to purchase an item on eBay which cost $600, for the past two days with no success. “Whilst we note this significant reduction from your previous spend limit, we would like to reassure that this limit will be revised upwards as the market continues to improve.” Click on To Own Accounts.