International spending limit on naira MasterCard 2022

Read all about the international spending limit on naira MasterCard.

Nigerians can use their naira-denominated debit cards to pay for transactions billed in US dollars online. For every purchase, debits are made directly from their naira accounts at current exchange rates.

As a result of the bank’s struggle with scarcity of foreign exchange, majority of the big commercial banks in Nigeria have reduced their international spending limit on Naira MasterCard from the initial $100.

Many of these banks notified their customers via email of the reduction in the international spending limit, while some temporarily suspended the usage of the naira cards for international transactions.

This move will inevitably force people to open DOM accounts and source for foreign currency from black market in order to carry out international transactions.

In this post, I am going to be writing about the international spending limit on naira MasterCard for some of the biggest banks in Nigeria.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my post on how to fund GTbank domiciliary account

Dollar spending limits for Nigerian banks 2022

Summary

Some banks have also suspended the use of naira cards for international automated teller machine (ATM) cash withdrawals and POS transactions.

Read my post on the best domiciliary accounts in Nigeria

Conclusion

Thank you for reading my post on International spending limit on naira MasterCard 2022. If you have any question or comment, you can leave it below in the comment section below.

Remember to share with your friends on social media and also subscribe to this blog for more banking and finance updates.

Thank you once again.