GTBank Slashes Down Monthly Naira MasterCard Spend Limit On POS And Online Channels To A Meagre Amount

In the bid to further encourage GTBank customers to acquire for themselves foreign currency dominated MasterCard for their limitless POS and online transactions, GTBank has further slashed down the monthly allowable spend limit on their Naira dominated MasterCard.

You could recall that ever since the Naira have been suffering pressures against major foreign currencies, several attempts have been made by banks to temporarily suspend the use of Naira dominated MasterCard on online channels.

But instead of complete stoppage, most banks have adopted a strategy of reducing the allowable monthly spend limits with their Naira MasterCard on POS and online platforms.

And GTBank, in a recent email being circulated to their customers have notified them on the latest slash down of monthly spend limit with Naira MasterCard on those channels from $250 to a meagre $100

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What that simply means is that GTBank Naira MasterCard is still allowed for foreign payments online and usage on POS, but holders of the card will only be able to use their card to carry out transactions now to the tune of $100 each month.

Furthermore, in the latest message, GTBank also notified their customers that they will no longer be able to make ATM withdrawal transactions with their Naira MasterCard while abroad.

In order to dodge all these recent limitation by GTbank and their Naira MasterCard, customers are now encouraged to get for themselves Dollar dominated MasterCard or VISA card.