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Nairaland Forum / Nairaland / General / Business / GTB Suspends International Transaction On Naira Cards (31172 Views)
Zenith Bank Suspends International Transactions On Naira Cards / First Bank Suspends International Transactions On Naira Cards From September 30 / Zenith Bank Suspends International ATM Withdrawals/POS Payments (2) (3) (4)
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GTB Suspends International Transaction On Naira Cards by NaijaCover(m): 11:29am On Dec 30, 2022 |
Guaranty Trust Bank has announced that its naira cards will no longer be used for international transactions starting December 31, Reports. This means customers using the GTBank mastercard can no longer use their naira debit cards to pay for transactions originated in foreign currency. Nigerian Banks had in March reduced their monthly international spending limit on naira cards citing “current market realities on foreign exchange.” The banks gradually reduced their monthly international spending limit on naira cards from $100/$120 to $50/$20. In September, several banks suspended international transactions on naira cards. GTB announced its decision on Thursday. Read Their Statement On The Email Inbox As Obtained By Below: “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. Kindly note that you can use your GTBank dollar card for all your international spending requirements,” the bank said in an emailed memo. “According to the bank, the dollar card allows ATM Withdrawal of $1,000 daily or the equivalent in the transaction’s local currency. It added that with the dollar card, there is no limit to international PoS or online transactions. There will also be no annual spending limit,” it said. Nigeria has suffered an importation-fuelled foreign exchange crisis for years, but the scarcity worsened in 2021 with its export proceeds declining amid increaed supply for foreign exchange. The dollar exchanges for naira at about 440 a dollar at the official market and N740 a dollar at the parallel market. As of December 28, Nigeria’s foreign reserve fell to $37billion, compared to $37.1 billion recorded as of November 28. Source: BLOG 6 Likes 1 Share
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Re: GTB Suspends International Transaction On Naira Cards by NaijaCover(m): 11:29am On Dec 30, 2022 |
This Is The Latest Update From GTBANK Proudly Brought To You By |
Re: GTB Suspends International Transaction On Naira Cards by Jeon(f): 11:43am On Dec 30, 2022 |
What are all those people in the power positions up to?.. 57 Likes 2 Shares |
Re: GTB Suspends International Transaction On Naira Cards by New007: 1:26pm On Dec 30, 2022 |
Just left for the government to nuke its citizens. Is the suffering not enough!? 87 Likes 4 Shares |
Re: GTB Suspends International Transaction On Naira Cards by nony43(m): 7:07pm On Dec 30, 2022 |
B |
Re: GTB Suspends International Transaction On Naira Cards by fastseo: 7:07pm On Dec 30, 2022 |
Re: GTB Suspends International Transaction On Naira Cards by Nobody: 7:07pm On Dec 30, 2022 |
Under APC, the naira became more useless than tissue paper!!! 😪 This government entered and made everything worst, can't believe it has come to this! Big shame!!! 😔 74 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by Nobody: 7:07pm On Dec 30, 2022 |
Shame on this useless President, thunder go fire am every day 62 Likes 4 Shares |
Re: GTB Suspends International Transaction On Naira Cards by Nobody: 7:07pm On Dec 30, 2022 |
Another legacy of Buhari 48 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by Shetemi12(m): 7:07pm On Dec 30, 2022 |
Na person wet get money dey read am 55 Likes 1 Share
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Re: GTB Suspends International Transaction On Naira Cards by SirJerrie(m): 7:07pm On Dec 30, 2022 |
Kaiii Just after I concluded that I'll get a GTB account because of their MasterCard for online Shopping at Bank rates So we're stuck with ChipperCash Rates God please na Jesus pls help us beg your daddy to save Nigeria for us na 9 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by iLoveYouToo(m): 7:07pm On Dec 30, 2022 |
Please who else is experiencing issues receiving transfers to their Zenith account, I’m beyond livid 13 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by afbstrategies: 7:07pm On Dec 30, 2022 |
1 Like 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by jojothaiv(m): 7:07pm On Dec 30, 2022 |
Other banks to follow suit that is if most have not done that in a more subtle way... 16 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by BaddestQueen(f): 7:08pm On Dec 30, 2022 |
omenka Corrinthians government he rather supported the devil just to spite igbos Hahahahahaha 10 Likes |
Re: GTB Suspends International Transaction On Naira Cards by Johnrake69: 7:08pm On Dec 30, 2022 |
Okay |
Re: GTB Suspends International Transaction On Naira Cards by Theta1: 7:08pm On Dec 30, 2022 |
Nigeria Banks are now useless even the dollar card is now capped. Soon dollar card will not be cancel 7 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by Nobody: 7:08pm On Dec 30, 2022 |
The past 8 years have been a terrible one for our country and we must pray that such never occurs again! 53 Likes 4 Shares |
Re: GTB Suspends International Transaction On Naira Cards by Nobody: 7:08pm On Dec 30, 2022 |
Under APC, the naira became more useless than tissue paper!!! 8 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by Nobody: 7:08pm On Dec 30, 2022 |
Fúck APC!!! 28 Likes 2 Shares |
Re: GTB Suspends International Transaction On Naira Cards by Houseofglam7(f): 7:08pm On Dec 30, 2022 |
2 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by Fkmodhi: 7:08pm On Dec 30, 2022 |
Wtf 1 Like |
Re: GTB Suspends International Transaction On Naira Cards by Nobody: 7:09pm On Dec 30, 2022 |
APC must be voted out. Even the healthcare sector is now a disaster waiting to happen with the rate at which doctors are leaving the country. Meanwhile, these people will simply fly abroad if they need medical treatment. Yet some lunatics still want to vote for them. 43 Likes 3 Shares |
Re: GTB Suspends International Transaction On Naira Cards by Olachase(m): 7:09pm On Dec 30, 2022 |
Bank way no even care about him customer before them debit my #1000 till he remain #50 3 Likes |
Re: GTB Suspends International Transaction On Naira Cards by ZamaniT: 7:10pm On Dec 30, 2022 |
Buhari and APC And some urchins will come here and support Failure 15 Likes 2 Shares |
Re: GTB Suspends International Transaction On Naira Cards by LandMann: 7:10pm On Dec 30, 2022 |
No wonder. Cudos to those clapping for the foolish goat faced Emiefele 6 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by NwaNimo1(m): 7:10pm On Dec 30, 2022 |
[img]https://giffiles./217/217554.gif[/img] 1 Like |
Re: GTB Suspends International Transaction On Naira Cards by Roboto11: 7:10pm On Dec 30, 2022 |
You want to demand the dollar using your Naira account and at the same time complain about how the Naira is depreciating. 9 Likes 1 Share |
Re: GTB Suspends International Transaction On Naira Cards by CheapHomes1: 7:12pm On Dec 30, 2022 |
post=119546286: Even the so called dollar master card isn't available in any gtbank office 10 Likes 1 Share |
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