Guaranty Trust Bank (GTBank) has announced the suspension of international transactions on its naira Mastercard with effect from Saturday, December 31, 2022.
GTBank made the announcement via a statement to its customers on Thursday.
The bank stated that customers will be unable to make international Automated Teller Machine (ATM) and Point of Sales (POS) transactions on their naira Mastercard, adding that they (customers) can only use their GTBank dollar card.
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“We write to inform you that you will no longer be able to use your naira Mastercard for international online and POS transactions effective 31st December 2022.
“Kindly note that you can use your GTBank dollar card for all your international spending requirements,” it said.
The bank, however, noted that its dollar card allows a daily $1,000 (or equivalent in the transaction local currency) withdrawal limit on ATM transactions, adding that there would be no withdrawal limit on “annual spend and POS transactions” for the dollar cards.
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