Bank Stops Naira Debit Cards For Dollar Transactions - Business - Nairaland
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| Bank Stops Naira Debit Cards For Dollar Transactions by lackren(m): 8:28pm On Sep 21, 2022 |
FirstBank of Nigeria has suspended the usage of the Naira Mastercard, Naira Credit Card, our Virtual card, and Visa Prepaid Naira card for international transactions. The bank said due to current market realities on foreign exchange, Naira Debit Cards will no longer be able to use. This was revealed in an email sent to customers and seen by Newsflash Nigeria titled, “Review of cross-border limit on Naira Card.” The bank also noted that foreign transactions can only be made with dollar cards with a $10,000 maximum. The Bank said, “Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card and Visa Prepaid Naira card for international transactions. This will take effect on 30 September 2022.” Read Full details here
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