GTBank stops International Transactions on Naira Mastercard

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Pan-African Bank, Guaranty Trust Bank has announced to its customers they will no longer be able to perform any international transaction on their naira-denominated ATM card.

This came as the bank announced the suspension of international online and PoS transactions on naira Mastercard effective from December 31, 2022.

With this update, customers of the bank are required to obtain dollar cards for all their international transactions.

In a statement addressed to its customers on Thursday, the bank made the announcement to its customers:

The statement reads:

“Dear Customer, 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.”

According to the bank, the dollar card allows ATM Withdrawal of $1,000 per day or the equivalent in the transaction’s local currency. It added that with the dollar card, there is no limit to international PoS or online transactions. There will also be no annual spending limit.

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