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Nairaland Forum / Nairaland / General / Business / Fidelity Bank Raises International Spend Limit On Naira Cards (12703 Views)
Access Bank Raises $158m From 13 International Banks / Access Bank Increases International Spend Limit To $5000/month / Access Bank Increases Monthly Spend Limit On Naira Cards (2) (3) (4)
Fidelity Bank Raises International Spend Limit On Naira Cards by Truth234(m): 6:43am On Jul 19, 2017 |
Fidelity Bank Plc on Tuesday became the third Nigerian bank to raise the monthly international spend limit on its naira Visa credit and debit card transactions to $1,000. The move, which clearly was an indication of the improved dollar liquidity in the economy, is also expected to strengthen investors’ confidence. According to Fidelity Bank yesterday, the initiative was in response to customer needs and the improved foreign exchange liquidity in the banking system, a fall-out of various economic recovery measures put in place by the Central Bank of Nigeria (CBN). “We are pleased to remove the restrictions on International transactions on Fidelity Visa Naira Credit and Debit Cards. It was important for us to take advantage of the slight ease in sourcing foreign exchange to do this in order meet with the yearnings of our teeming customers,” Fidelity Bank Chief Executive Officer, Nnamdi Okonkwo said. Specifically, the bank in a message to customers said international transactions on Fidelity Visa Naira Credit and Debit Cards will be subject to the following limits: “Visa Naira Debit Cards (POS/Web only) equivalent of $1000 only; Visa Naira Credit Cards (ATM/POS/Web) equivalent of $1,000 only.” Fidelity Bank explained that the window of opportunity with international transactions would only be available to Visa naira credit and debit cards and reminded customers that charges on credit cards are dependent on the acquirer and ATM used whilst POS/Web purchases attract no charges. “We encourage customers to always insist on being billed in the currency of the country in which the purchases are made especially, POS payments in order to avoid attracting additional charges,” Okonkwo further stated. http://investorsking.com/fidelity-bank-raises-international-spend-limit-naira-cards/ 2 Likes |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by loadedvibes: 6:50am On Jul 19, 2017 |
I think it's all the banks because even GT Bank did. Now 1000usd... Lol I finally made FTC o.. chineke I can't believe this.. oya make them give me the award wey them they give FTC 7 Likes 1 Share |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by burkingx(f): 7:00am On Jul 19, 2017 |
11 Likes 2 Shares
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Re: Fidelity Bank Raises International Spend Limit On Naira Cards by TRAY2(m): 7:00am On Jul 19, 2017 |
Now them eye don open.. 1 Like 1 Share |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by itoldu: 7:01am On Jul 19, 2017 |
Lol, 3rd bank? Biko, na who carry 1st and 2nd? 1 Like 2 Shares |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by obojememe: 7:04am On Jul 19, 2017 |
fidelity ...i don't have anything to say Lord pls let this rain subdue, i need to be on my way to work 2 Likes |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by psucc(m): 7:05am On Jul 19, 2017 |
I guess thus move is an indication of changes to expect in the coming weeks. 1 Like 1 Share |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Oladelson(m): 7:05am On Jul 19, 2017 |
is okay |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by obailala(m): 7:05am On Jul 19, 2017 |
GTBank has done same too... 5 Likes |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by geekybabe(f): 7:06am On Jul 19, 2017 |
Asides gtb..which other bank has raised limit to 1000usd per month |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by nkeona(m): 7:06am On Jul 19, 2017 |
will fidelity MasterCard work for international transaction |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Earthrealmlord: 7:06am On Jul 19, 2017 |
Thank God. I hope they will use the official rate |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Joan011: 7:10am On Jul 19, 2017 |
Earthrealmlord:what is the bank's naira exchange rate to dollar |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by texazzpete(m): 7:10am On Jul 19, 2017 |
Yes but at what exchange rate? 4 Likes |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by cyzzy: 7:11am On Jul 19, 2017 |
1,000usd? Thats poor, UBA is now 2,000usd 1 Like |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by IYIMAN: 7:12am On Jul 19, 2017 |
texazzpete: The big question, hope it's not 380 like some other banks. 3 Likes |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by seangy4konji: 7:12am On Jul 19, 2017 |
ok na |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Brendaniel: 7:13am On Jul 19, 2017 |
Has UBA also done theirs' ? |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by martinz1: 7:17am On Jul 19, 2017 |
Let them also reduce a dollar to 198N |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Solomonudofia(m): 7:17am On Jul 19, 2017 |
Good one .... Waiting for others to do the needful... North Korea is at it again..... https://www.youtube.com/watch?v=-dDJUjMuV9Y |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Giddiebabalaw(m): 7:20am On Jul 19, 2017 |
Let other banks follow suit... Good move. 1 Like 1 Share |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Nobody: 7:20am On Jul 19, 2017 |
Oil prices have not gone up. So how come d market don improve. Or was CBN just hoarding it before 1 Like 1 Share |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Nobody: 7:24am On Jul 19, 2017 |
You mean the same UBA i got their SMS as having raised d limit to 1k usd? cyzzy: 3 Likes 1 Share |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Nobody: 7:25am On Jul 19, 2017 |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by wristbangle: 7:26am On Jul 19, 2017 |
Sniper12: Our non oil sector export has improved which is one of the reason GTB started this initiative and big one to them. However can someone tell me how much they charge per dollar on the mastercard? |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by ElectronicsGuy(m): 7:27am On Jul 19, 2017 |
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Re: Fidelity Bank Raises International Spend Limit On Naira Cards by mecussey(m): 7:30am On Jul 19, 2017 |
Somebody should tell me when GTB unblock ebay. |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by jazinogold(m): 7:32am On Jul 19, 2017 |
hmm |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by StRichard(m): 7:36am On Jul 19, 2017 |
nkeona:I think it is only visa for now 1 Like |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by StRichard(m): 7:37am On Jul 19, 2017 |
wristbangle:374 per dollar |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by Lyoncrescent: 7:37am On Jul 19, 2017 |
I doubt if any of them including GTB can match the current black market rate. It's madness for GTB to be charging 370-380 when black market rate is less than 370. It's cheaper for you to get a dollar card and fund it with dollars you buy from mallam 5 Likes |
Re: Fidelity Bank Raises International Spend Limit On Naira Cards by okpurukata(f): 7:38am On Jul 19, 2017 |
This is great. I Love Fidelity bank. 1 Like 1 Share |
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