Access Bank Reduces International Spend Limit To $200 Per Month
The battle for defence of the Naira value has widened,
affecting existing monthly international spend limits on all
existing Naira debit cards (ATM cards). While some banks
have suspended the use of their cards for online foreign
transactions, Access Bank has instead, reduced the monthly
international spend limit to $200.
The update was sent to my email and users have been
encouraged to apply for any of the dollar denominated debit,
prepaid or credit cards to facilitate international transaction
needs.
Instead of setting international withdrawal limit for Access
Bank Naira debit cards, the bank no longer allows the use of
the card for withdrawal outside Nigeria.
Below is the summary of the new spend limits on Access
bank Naira debit cards:
International POS Transaction - $200 per month
International Online Transaction - $200 per month
International ATM Withdrawal - Not Allowed
This is still better that the GTBank Naira Mastercard
International spend limit which is currently pegged at $100 per
month.
What's your take on this?
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