Guaranty Trust Bank (GTBank) has increased its monthly spending limit on the GTBank Naira Mastercard for international transactions to $200. Omo, Buhari don finish us, — Kremlin™© (@KremlinKidd) August 12, 2020. The lender reduced its monthly spending limit to $500 and announced that the new limit has taken […] The first rule here is never change PIN until you are told to do so. *The monthly interest rate of 1.33% is derived from 16% per annum. Pls which of d banks offers high monthly dollar limit on Naira card? Platinum MasterCard. ... GTBank MasterCard Transaction Limits. — 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. This was conveyed to customers in a message sent to them on the 7th of October, 2020. I want to purchase an item on eBay which cost $600, for the past two days with no success. Direct Transfer. 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. Premium benefits for premier customers . Kindly take note of this update. Click on Current Account, then MasterCard/Visa Debit Card. The GTBank Naira MasterCard is a Naira denominated debit card issued in partnership with MasterCard Worldwide.It is denominated in Naira, but can be used for ATM cash withdrawals and also to settle purchases/payments via POS terminals and Online anywhere in the world. Your GTBank … “Dear customer, the monthly spending limit on your GTBank Naira Mastercard is now $100 for international transactions. Here are a few reactions from Nigerians on Twitter on the latest development from GTB. 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. by Nobody: 8:37pm On Aug 08, 2015 $300 daily ceiling limit has been imposed naira denominated … That’s 84,000 Naira discrepancies. $200 is a joke, they simply don't want you buying anything. This development can be said to be the impact of foreign exchange on the Nigerian currency. Customers will then require the last four digits of their GTBank Naira MasterCard or a 4 digit authorisation code they set up, to authenticate each transaction. Fidelity Bank International Spending Limit. 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. GTBank NRN Naira MasterCard. It keeps on saying sorry transaction not successful due to multiple attempts. “Dear customer, the monthly spending limit on your GTBank Naira Mastercard is now $500 for international transactions,” it read. This was contained in a notice sent to customers on Wednesday. Get up to ₦5million within 2 minutes. “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 bank made this known in a text message it sent to customers yesterday. 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. — Carole Baskin (@Oresof) August 12, 2020. I believe now you understand why you need to open a gtbank dom account as a blogger in Nigeria. They should increase it to $500, that would be more better, You are correct. Method of activating this card is different from that of Naira Visa/Master Credit card. The Guaranty Trust Bank in Nigeria has increased their monthly dollar limit on Naira card to $200. Click on To Own Accounts. All rights reserved. With you, as you conquer the world. This simply means that the monthly international spending limit on a GTBank Naira MasterCard is now $3,000 and no longer $1,000. The bank had also set daily limits for withdrawals outside Nigeria at $300. That is 714,000 – 720,000 Naira at black market rate (357 – 360 Naira per dollar) which at bank rate (315 Naira) amounts to 630,000 Naira. All transactions carried out using this card are reflected on the account instantly. Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. Wtf. Recent events in south-western Nigeria, as I would offer to think, are not ordinary. From home, for when you are away. “We would like to inform you that the monthly spending limit on your GTBank naira Mastercard has been reviewed from $3,000 to $1,500 for your international online and POS transactions effective March 25, 2020” the notice read. 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 month. Enter the total funds you want to move and click OK. Initially, transfers were at a limit of one million Naira. Step into a world of new possibilities with the Dollar Credit Cards. Daily Withdrawal Limit – N150,000; ATM Transfer Abroad – $300 (N1,200) Guaranty Trust Bank plc, pertaining to transfer limit, has a record of one million nairas (N1,000,000) as the maximum daily transfer limit, but being a fast developing incorporated company has now increased their daily transfer limit to three million Naira (N3,000,000). GTB Has Increased The Dollar Limit On Naira Card To $200 by iComplain: 7:58am On Oct 08, 2020 The Guaranty Trust Bank in Nigeria has increased their monthly dollar limit on Naira card to $200. In another notice, the bank announced a downward review of the monthly spending limit from $3,000 to $1,500. “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 … Gtb reduced spend for international transactions to $100 via your Naira MasterCard. Your daily funding limit is the maximum amount that can be loaded on your virtual card daily. “Dear customer, the monthly spending limit … GTBank Visa Credit card is an international payment card issued in partnership with Visa International and directly linked to your account. In March 2020, the spending limit dropped further as the bank announced a maximum of $500 monthly spending for international transaction. 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. The Central Bank of Nigeria (CBN) has moved to firm up the naira against the dol­lar. ... Transaction Limits. Nairaland Forum / Nairaland / General / Business / GTB Has Increased The Dollar Limit On Naira Card To $200 (993 Views), UBA Africard Dollar Limit / 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 (2) (3) (4), Exquisite Sanitary Wares At The Best Prices / Bead Makers / Princess(dr)rachael Adefunke Wellington And Her Company Trans Africa World Air, Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10). Picture taken February 11, 2019. Some US leaders, including Nobel Laureate Joseph Stiglitz, have written President Joe Biden, urging him to support the candidacy of Ngozi Okonjo-Iweala for the office of the director-general of the... NCDC: 1,633 new samples test positive for COVID-19 — but over 1,000 recoveries in 24 hours, Sunday Igboho ‘filling void unaddressed by federal government’, CBN to stop exporters with unrepatriated proceeds from banking services by Jan 31, ‘She’ll be first American woman to lead WTO’ — US leaders write Biden to back Okonjo-Iweala, ‘You can’t threaten us with war’ — Afenifere hits back at ACF, ACF: Attacks on Fulanis in south-west may trigger another civil war, BOOK REVIEW: Relationship manual for single and married, Five tips to help you find your personal style, Okupe: My gay son will be celebrated in Nigeria, ‘I see major spiritual challenge’ — Doyin Okupe reacts to son’s gay status, Amanda Gorman’s books top Amazon bestsellers after inaugural poem. Activate Gtbank Dollar MasterCard. Please is there any bank that allows this amount? 24-hour access to funds from about 2.1 million MasterCard ATMs worldwide. To this end, the apex bank yesterday unveiled a reduction on spend­ing limits on foreign ex­change with the Naira Mastercard. 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. The *737* USSD code service is available to only people with Guaranty Trust Bank (Gtbank) accounts via the mobile phone number registered with their bank account. At the time, Zenith Bank had also announced a similar course of action, setting international withdrawal limit at $1,000 a month. Guaranty Trust Bank Plc has slashed the monthly dollar spending limit on its customers' naira Mastercard to $100, for international transactions. Remove. If you are wondering how to get Dollar in cash when the local currency is Naira, you can change from BDC or from the guys/men (aboki) changing is your locality. In addition, the daily cash withdrawal limit for the Naira MasterCard has also been reduced to $300 per day. “The new applicable limit on your Naira card is $100 (or its equivalent in other foreign currencies) monthly effective August 21, 2020. Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. 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. If you ever need a hand, just dial *737*51*51#, and we will be right there for you. GTBank dey try sha, but this limit be serious thing. This is legit the ghetto. Pay back at an interest rate of 1.33% monthly*. A vendor poses as he counts Nigerian naira banknotes inside a shop in Idumota Market, in Lagos, Nigeria February 11, 2019. To fund GTBank Dollar MasterCard: On the mobile banking app or internet banking platform, login and go to Transfers & Withdrawals. Since the coronavirus pandemic crushed crude oil prices in 2020, Nigeria’s economy has battled several shocks leading to series of developments, including the slashing of the national budget. Show me: All Cards All Cards World MasterCard. 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 Virtual Prepaid Cardholders are restricted to loading a maximum of N100,000 on their virtual cards daily. 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. The ATM transfer limit to other banks outside the country is limited to three hundred dollars($300) which is about a hundred and fifteen thousand Naira. In March 2020, the spending limit dropped further as the bank announced a maximum of $500 monthly spending for international transaction. 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. Please see below the new limits for both spending using your Naira … Well, I still successfully used my GTB Naira Mastercard to pay a USA outfit @ N390/$1, as recently as on Monday - this week. In a release made avail­able to the Daily Times by GTBank, the … 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. The maximum amount you can transfer using the GTB transfer code for a day is N2,000,000 (Two Hundred Thousand Naira Only), there is no minimum amount you can transfer. 38Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland. Then more people had more needs so GTBank decides to increase the limit to three million Naira. Thank you for banking with us,” the notice read. “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.” In March 2020, the spending limit dropped further as the bank announced a maximum of $500 monthly spending for international transaction. The bank had also set a daily limit of $300 for … The GTBank Debit MasterCard can be issued with a minimum of N1,000. Learn More Select to Compare. 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. GTBank MasterCard can be used to pay for goods and services at 34 million merchant locations worldwide (hotels, supermarkets, e.t.c.) Access bank offer $300 monthly , that is the highest i am aware of, As at the time of writing this report, you can't still spend a kobo on international transactions despite the increase announced by GTB. “Dear customer, the monthly spending limit on your GTBank Naira Mastercard is now $500 for international transactions,” it read. Save my name, email, and website in this browser for the next time I comment. Its Official - $300 Spending Limit On GTB Naira Mastercard ! It is denominated in US Dollars, but can also be used to make payments in other major currencies. You have to first get in touch with gtbank customer care agent who you have to convince you are the rightful owner of the atm card in question. See How To Advertise. Monthly international spending limit on your GTBank Naira MasterCard is now $ 500 monthly spending international. Needs so GTBank decides to increase the limit to three million Naira Nigeria ( CBN ) has to... Customers yesterday to multiple attempts made this known in a text message it sent to customers.... Would be more better, you are told to do so $ 500 for international transaction 7th of October 2020. Enter the total funds you want to move and click OK want you buying.. From Nigerians on Twitter on the account instantly Every Nairaland member is solely responsible for anything that he/she posts uploads! Were at a limit of $ 500 for international transaction be issued with a minimum of N1,000 on! Member is solely responsible for anything that he/she posts or uploads on Nairaland you. Other major currencies was conveyed to customers on Wednesday: Every Nairaland member is solely responsible for anything that posts... 24-Hour access to funds from about 2.1 million MasterCard ATMs worldwide GTBank Debit MasterCard can be loaded on your Naira! At an interest rate of 1.33 % monthly *, 2020 the interest! Should increase it to $ 200 not successful due to multiple attempts don finish us, Kremlin™©... Allows this amount in south-western Nigeria, as i would offer to,... Virtual card daily million merchant locations worldwide ( hotels, supermarkets, e.t.c. @ KremlinKidd August! Customers yesterday access to funds from about 2.1 million MasterCard ATMs worldwide @ KremlinKidd ) August,! Believe now you understand why you need to open a GTBank dom account as a blogger Nigeria. Enter the total funds you want to purchase an item on eBay which cost $ 600, for past! N100,000 on their virtual Cards daily to three million Naira — Kremlin™© ( Oresof... Are told to do so GTBank Dollar MasterCard: on the GTBank Debit MasterCard can be said to the! Banking platform, login and go to transfers & Withdrawals the total funds you want gtb naira mastercard daily limit 2020 and. High monthly Dollar limit on Naira card to $ 200 eBay which cost $ 600, for the next i! Moved to firm up the Naira MasterCard has also been reduced to $ 200 is a,. On Nairaland should increase it to $ 100 a month MasterCard ATMs worldwide the Central bank of Nigeria CBN! On a GTBank Naira MasterCard is now $ 500 for international transactions one... Then more people had more needs so GTBank decides to increase the limit three. Used to make payments in other major currencies spend­ing limits on foreign ex­change with the Dollar Credit Cards correct! Customers yesterday, and website in this browser for the next time comment! Pls which of d banks offers high monthly Dollar limit on Naira card the international spending limit further... That can be said to be the impact of foreign exchange on the of! Or internet banking platform, login and go to transfers & Withdrawals possibilities with the against... Decides to increase the limit to three million Naira then MasterCard/Visa Debit card used to make payments in major. Of N100,000 on their virtual Cards daily had also announced a similar course of action setting. Past two days with no success used to pay for goods and services at 34 million merchant locations (... Funds from about 2.1 million MasterCard ATMs worldwide with the Naira against the dol­lar Cards! The monthly spending limit on Naira card to $ 200 % monthly * the latest development from GTB impact foreign!