Guaranty Trust Bank has announced the suspension of international online and Point of Sales (PoS) transactions on naira Mastercard effective from December 31, 2022.
With this development, customers of the bank are required to obtain dollar cards for international transactions.
In a statement to its customers, the bank said customers would not be able to make international transactions on Automated Teller Machines (ATMs) and Point of Sales (PoS) using their naira Mastercards.
“Kindly note that you can use your GTBank dollar card for international spending requirements.”
According to the bank, its dollar card allows a daily $1,000 or an equivalent in the local currency transaction, adding that there would be no withdrawal limit on “annual spend and PoS transactions” for the dollar cards.