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- Guaranty Trust Bank has acceptable a caller $1,000 quarterly bounds connected planetary transactions utilizing its naira cards, including a $500 headdress for ATM withdrawals abroad.
- The slope clarified that this bounds applies to each forms of overseas transactions specified arsenic online purchases, POS payments, and ATM withdrawals
- Wema Bank and UBA person resumed allowing planetary transactions connected their naira cards aft astir 3 years, with UBA enabling this work connected its premium paper variant
Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Guaranty Trust Bank (GTBank) has announced a caller transaction bounds connected its naira cards.
Source: Getty Images
In an email to customers, the slope stated that holders of GTBank naira cards present person a quarterly bounds of $1,000 for planetary transactions.
Providing further details, the slope explained that ATM withdrawals overseas are capped astatine $500 per quarter.
Additionally, online and POS transactions are constricted to $1,000 quarterly.
The slope noted:
“Kindly enactment that the quarterly bounds of $1,000 covers each transactions including ATM currency withdrawals abroad, purchases connected planetary websites, POS payments extracurricular Nigeria and more.”Meanwhile, Legit.ng earlier reported that Wema Bank and United Bank for Africa (UBA) had separately announced the resumption of overseas transactions connected their naira cards.
This improvement comes aft astir 3 years during which respective banks had suspended overseas transactions utilizing naira debit cards.
In a caller notification to customers, UBA stated that the resumption aligns with its ongoing committedness to offering creaseless and enhanced banking services.
“In enactment with our continued committedness to providing you with seamless and enhanced banking experiences, we are pleased to pass you that each UBA premium naira cards, including Gold, Platinum, and World variants, are present enabled for planetary transactions,” the connection reads.“This means you tin present usage your premium naira paper for mundane payments, online shopping, POS, and ATM transactions crossed the world, with much easiness and flexibility. If you haven’t utilized your paper recently, now’s a large clip to rediscover the convenience and prestige that comes with being a UBA Premium cardholder.”
Source: Getty Images
Nigerian Bank Kicks Off Verification for YEIDEP
Legit.ng reported that the Youth Economic Intervention and De-Radicalisation Empowerment Programme (YEIDEP) has precocious to a important phase arsenic of October 2025, peculiarly for beneficiaries associated with Union Bank.
In the latest update, Union Bank has go the archetypal fiscal instauration to finalise the postulation of slope relationship details for YEIDEP participants, marking a large measurement guardant successful the process.
Recall that recently, the FG done the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) launched a conditional assistance of up to N50,000 for micro enterprises.
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Source: Legit.ng
