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Dollar Scarcity: Banks Suspend ATM Card Usage Abroad - Business (3) - Nairaland

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Dollar Scarcity Stops Capital Repatriation By Investors / Senate Asks CBN To Suspend ATM Card Maintenance Charges / Naira Faces Further Decline On Continued Dollar Scarcity (2) (3) (4)

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Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Kaydeexotic(m): 7:38am On Oct 17, 2016
priceaction:

God bless you. Thank you bro. This is the best. I never knew .
Yur welcome bro.... smiley smiley smiley
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by misscall247: 7:44am On Oct 17, 2016
DannyJ19:
ohk.....all those guy abroad wud be stranded abi....
bros I'm in China now.......imagine!!

Na poor ppl dey suffer dis change pass#Bleep APC

2 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by bayelsaowei(m): 7:45am On Oct 17, 2016
I guess gej should be responsible for this till this moment...

2 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Miles300: 7:45am On Oct 17, 2016
They want to turn nigeria to North Korea, where her citizens are cut off from the rest of the world , a government policy that doesn't represent the interest of the people at hand is no policy , now they want parents to g nd source for dollar at the silly high rates to send to their kids abroad .. With this useless policies most student will be cash trap .. This man will not find solution to the economy ,it's just to be arresting here nd there and ditchin out new dramas each week to divert attention .. Does it mean nigeria don't av solution for it's economy crisis ?

3 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by HeavenlyBang(m): 7:49am On Oct 17, 2016
saywhaat:
BITCOIN is the way now. Bitcoin is recession-proof. Click my signature.

What ignorant garbage is this? Bitcoin is just another currency, however the hell is it 'recession-proof'? Are saying that #200 in 2014 and #200 now will buy you the same amount of bitcoin? Do you want to be unfortunate in life?
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by mercyway: 7:54am On Oct 17, 2016
Kaydeexotic:
In fact I just received a payment early this morning from UK....their services work 24/7...it doesn't fail..... I mean IT DOESNT FAIL.. ...
This is what the text message they'll send to you looks like once someone sends you money
baddosky1 and priceaction
what's their exchange rate?

2 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Nobody: 7:56am On Oct 17, 2016
This government does not give a rat asss about anyone,how will you just wake up and decide to suspend such a thing as this with no alternative,wallahi we are all in a wrong bus.

2 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by ikoscar(m): 8:02am On Oct 17, 2016
Since I got my Payoneer card, I don't even bother using my Nigerian cards again.

Those people can spoil business for somebody undecided

3 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Kaydeexotic(m): 8:05am On Oct 17, 2016
mercyway:

what's their exchange rate?
It changes overtime but it's still better than others.. .and also you can checktheir website for their current rates
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by gbagyiza: 8:07am On Oct 17, 2016
D country is gradually sinking...ooh God come to our rescue human effort has failed us....we need ur help at this juncture...

2 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Nobody: 8:13am On Oct 17, 2016
ikoscar:
Since I got my Payoneer card, I don't even bother using my Nigerian cards again.

Those people can spoil business for somebody undecided
I HAVE PAYONNER dusty in my cupboard for almost 2 years now and it is expiring may next year. What can i do with it for now? i dont think it should be useless like that
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Nobody: 8:14am On Oct 17, 2016
always very close to black market
mercyway:

what's their exchange rate?

1 Like

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by InvertedHammer: 8:14am On Oct 17, 2016
/
Who is still using parallel market?

Deposit naira equivalent in a designated account and your ward collects the equivalent in dollars. It has been on for months. It is as simple as that.
\
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by kott(m): 8:17am On Oct 17, 2016
Kaydeexotic:
In fact I just received a payment early this morning from UK....their services work 24/7...it doesn't fail..... I mean IT DOESNT FAIL.. ...
This is what the text message they'll send to you looks like once someone sends you money
baddosky1 and priceaction
do they help send money abroad as well,
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by mercyway: 8:19am On Oct 17, 2016
priceaction:
always very close to black market
I checked it this morning and its 448/GBP
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by mercyway: 8:20am On Oct 17, 2016
Kaydeexotic:

It changes overtime but it's still better than others.. .and also you can checktheir website for their current rates

I checked this morning and its showing 448/GBP. At what rate do you receive this morning?
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by sunboy(m): 8:23am On Oct 17, 2016
DonCortino:
I am not understanding o!

I have naira here in my bank, I travel abroad and decided to withdraw over d atm there, I removed 50 dollars from the atm and d naira equivalent is taken from my account. Abeg o! How does this deplete dollars here in naija?

Someone pls explain to me how it works. Thanks.


Whatever amount you withdraw outside the country for instance $50 on your MasterCard. You bank pays $50 to MasterCard for the money you have withdrawn, then master card pay the ATM machine owner.
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by sunboy(m): 8:23am On Oct 17, 2016
DonCortino:
I am not understanding o!

I have naira here in my bank, I travel abroad and decided to withdraw over d atm there, I removed 50 dollars from the atm and d naira equivalent is taken from my account. Abeg o! How does this deplete dollars here in naija?

Someone pls explain to me how it works. Thanks.


Whatever amount you withdraw outside the country for instance $50 on your MasterCard. You bank pays $50 to MasterCard for the money you have withdrawn, then master card pay the ATM machine owner.

Now they mean there is not dollar to settle those kinds of payments/transactions again. So they kukuma cancel it.

1 Like

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Kaydeexotic(m): 8:28am On Oct 17, 2016
kott:

do they help send money abroad as well,
I'm not sure but you can please check their website in order to get more info.. ..
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Kaydeexotic(m): 8:30am On Oct 17, 2016
mercyway:


I checked this morning and its showing 448/GBP. At what rate do you receive this morning?
I received mine at that rate as well.. ..i received just £100... Last two weeks I received 200 at the rate of 485...so it fluctuates
Whereas.. .£100 through western union will be around just 42k.. .so that means there's 2k difference
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by tempest01(m): 8:30am On Oct 17, 2016
I give up on Nigeria,


Did someone actually put round tripping as part of the reasons? when the rate obtainable here was close to black market rate.

4 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Joygalore(f): 8:30am On Oct 17, 2016
Domicillary account is just the best to avoid all these stories

4 Likes

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by vectoh(m): 8:31am On Oct 17, 2016
MAXIMAL123:
Ok ooo, am watching in 3G
3G?
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by kott(m): 8:33am On Oct 17, 2016
Kaydeexotic:

I'm not sure but you can please check their website in order to get more info.. ..
do you know other means I can send cash abroad,ths parallel price is really wrecking me,

1 Like

Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Nobody: 8:33am On Oct 17, 2016
mercyway:


I checked it this morning and its 448/GBP
ok, that means they have been enforced too by the cbn rates enforcements
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Kaydeexotic(m): 8:35am On Oct 17, 2016
kott:

do you know other means I can send cash abroad,ths parallel price is really wrecking me,
I'll help you check
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by vivaciousvivi(f): 8:43am On Oct 17, 2016
DonCortino:
I am not understanding o!

I have naira here in my bank, I travel abroad and decided to withdraw over d atm there, I removed 50 dollars from the atm and d naira equivalent is taken from my account. Abeg o! How does this deplete dollars here in naija?

Someone pls explain to me how it works. Thanks.
If only you knew what I was also pondering. I had to read some parts of the article twice to make sure I understood it well. Whatever the case, they had better organise themselves before summer of 2017 o. I have professional certifications I need to renew + travel plans o.
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by herda: 8:52am On Oct 17, 2016
Kaydeexotic:

Switch to worldremit bro
Please how reliable and fast are they, also can one send money out of Nigeria through them, where are their agents located. Thanks
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by kott(m): 8:54am On Oct 17, 2016
Kaydeexotic:
I'll help you check
thanks a lot bro,hope to hear from you soonest,
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by saywhaat: 8:58am On Oct 17, 2016
HeavenlyBang:


What ignorant garbage is this? Bitcoin is just another currency, however the hell is it 'recession-proof'? Are saying that #200 in 2014 and #200 now will buy you the same amount of bitcoin? Do you want to be unfortunate in life?
I was referring to Nigerian recession. Don't be quick to jump to conclusion. Anyone knows bitcoin value can fall but for now it keeps rising and is still in high demand.
Re: Dollar Scarcity: Banks Suspend ATM Card Usage Abroad by Kaydeexotic(m): 8:58am On Oct 17, 2016
herda:

Please how reliable and fast are they, also can one send money out of Nigeria through them, where are their agents located. Thanks
Your bank account is your agent location... You'll receive your money directly into your bank account in maximum of ten minutes.. ..im not sure if you can send out of the country through them for now but I'll help you guys work on the available and reliable ones

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