The Genius Media Nigeria reports that Access Bank has created dollar debit cards by which customers can use in accessing foreign exchange outside the country.

TGM gathered that this is according to an email the bank sent to its customers titled “Important Update on Personal/Business Travel Allowance” informing them of the creation of the Access Travel Debit Card to access foreign exchange for legitimate needs.

This card would be effective from October 18, 2021, only legitimate payments and approved PTA will now be credited to the Access Travel Debit Card for use outside Nigeria.
What is Access Bank saying

The mail reads, “In compliance with the directive of the Central Bank of Nigeria to all Deposit Money Banks on ensuring fulfilment of legitimate FX requests for PTA/BTA, we have created an easier process to access FX via the Access Travel Debit Card.

Benefits of the Access Travel Debit Card:

Instant issuance for PTA/BTA requests
Easy access to international transactions via POS, ATM and WEB
The card is valid for 3 years and can be used for current and subsequent PTA/BTA requests within its validity
All unutilized funds remain in the card and can be used for international transactions or subsequent trips

Effective October 18, 2021, all payments of legitimate and approved PTA will now be credited to the Access Travel Debit Card for use outside Nigeria.

On request, you can also get cashback in Naira equivalent using the prevailing approved rate.”

This move shows that the Nigerian commercial banks are becoming more innovative in handling the dynamics of foreign exchange demand in Nigeria. Hence, it would go a long way in meeting the need of well-meaning Nigerians------https://www.thegeniusmedia.com.ng/2021/10/14/breaking-access-bank-creates-us-dollar-debit-card-to-access-forex-outside-nigeria/

Cunning bank

It’s because a lot of people have been collecting Personal Traveling Allowance and Business Traveling Allowance (PTA/BTA) from banks at 412 and then selling to black market aboki at 570. Now they want to block that loophole

So this move by access bank is to combat and checkmate that anomaly

They don’t want people to do that and cash out anymore

So now, once you are approved for your PTA or BTA, access bank won’t give you cash anymore, they will pay it into this Debit card and that way, you can’t sell the funds to Aboki again

If you want to collect cash, you will have to collect it in naira at the bank rate of 412 as the article said.

This move will just make things tougher for access bank customers traveling, because some people will need cash to sort out certain things. Not everything can be paid or would be convenient to pay with debit card.

Access bank is a thief bank.
Run..., I repeat run from this offer.

Please has anyone applied for and got PTA/BTA recently? Please guide me on the current situation.

Good afternoon