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To make international payments without limit, all you have to do is to make sure your payment is sending in the requested foreign currency and not naira. Godwin Emefiele, CBN governor, said banks should generate FX proceeds from exporters to give their customers (importers). Then walk up to the counter and request for prepaid card enrollment form. This means if your making payment internationally with your Nigerian ATM card, you can only spend up to a maximum amount of 420 in a month. How UPI- PayNow will Benefit Customers in India and Singapore, Check Over the past month, at least 2 of Nigeria's largest commercial banks have announced reduced limits on international transactions using naira debit cards to $20 (around 10,000) per month. But if you need to pay more up to 1k dollar, use barter app by flutterwave but ready to fund at 618 naira per dollar as at today Re: Gtbank International Spending Limit On Naira Card by wisemaster ( m ): 12:01pm On Jul 15, 2022 Thanks guys With the suspension of the usage of naira-denominated debit cards for international transactions by some banks, the monthly spending limit for customers has dropped to zero from over $4,000 seven years ago. Guaranty Trust Bank (GTB) International Spending Limit on Mastercard is $100 in 2021 Nigeria's leading financial institution, Guaranty Trust Bank (GTbank), has said its international spending limit on Mastercard for 2021 remains $100 per month given the current economic situation. Nigerians can use their naira-denominated debit cards to pay for transactions billed in US dollars online. This was because of a longstanding scarcity of foreign exchange and the Central Bank of Nigerias strict capital outflow regime. How To Bypass International Spending Limit With A Domiciliary Account. Zenith bank - $20 Access bank -$20 Gtb bank-$20 Union bank -$20 First bank -$20 Ecobank bank -$20 Fidelity bank -$20 More banks suspend international transactions on naira cards Remember to share with your friends on social media and also subscribe to this blog for more banking and finance updates. No 1 banking and finance information website in Nigeria. When you have a Domiciliary Account, youll be able to get a card as well, this can be a Dollar Card or EUR, depending on the currency you selected when opening the dom account. There is a daily transaction limit of 60,000 (equivalent to approximately SGD 1,000) for cross-border remittance transactions via the UPI-PayNow interlinkage. This will take effect on 30 September 2022. Zenith Bank Plc sent emailed note to customers on the new payment plan abroad. The era is coming to an end when, because your customers need $100 million in foreign exchange or $200 million, you now want to pack all the dollars and pass it to CBN to give you dollars, he had said. If you do not have one and would like to subscribe, please visit a branch close to you.. GTB Suspends International Transaction On Naira Cards - Business