How to bypass dollar spending limit in Nigeria?

Read all about how to bypass dollar spending limit in Nigeria.

It is well known now that majority of Nigerian banks have reduced their international dollar spending limit 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.

If you are someone who makes a lot of international online transactions, then I can only imagine how much of an inconvenience this is for you.

As with most problems, there is always a solution, or in this case, an alternative way in which you can bypass the international dollar spending limit.

In this post, I am going to be writing all you will need to know about how to bypass dollar spending limit 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 best domiciliary accounts in Nigeria

How to bypass dollar spending limit in Nigeria?

If you want to bypass the international dollar spending limit, then you will need to read this post carefully and pick the method that best suits you.

If you have any questions or any addition to this post, you can always leave us a comment below. Let’s get into it.

Bypass dollar spending limit with Barter

Barter is a lifestyle payments service that offers you a cheaper and seamless way to send, request, and receive money, pay merchants and bills and from the convenience of your mobile phone.

One of the most popular ways to bypass the dollar spending limit is by using Barter, which allows you to create virtual dollar card that you can use to carry out international transactions.

To create a virtual dollar card on Barter, you will need to visit the Barter website https://barter.me and follow the below instructions:

1. Visit the official Barter website
2. Create an account by providing all the required details
3. Login to your account
4. The first step is to fund your barter balance
5. You can fund your barter balance with your naira card, by paying the equivalent of the dollars you want to spend in naira.
6. After funding your barter balance, then move on to the next step
7. Click on CARDS
8. Create new cards
9. Once you have created your virtual dollar card, then you can make dollar payment online

Bypass dollar spending limit with UBA dollar prepaid card

The UBA Prepaid card is a pre-funded and re-loaded card that can be used to pay bills and make purchases.

You will need to visit the nearest UBA bank branch to get a UBA dollar prepaid card. There are two types of UBA prepaid card, one a naira prepaid card, and the other is a dollar prepaid card.

Obviously, you will need to request for the dollar prepaid card, which you will have to activate with at least $50 cash.

You can get dollars from any of the bureau de Change office, by taking the equivalent in Naira, depending on the current rate.

Load up your Prepaid card with the amount of dollars you need, by deposit the cash in the bank branch.

The disadvantage of using the prepaid card is that you will always have to load up your card with dollars, anytime you want to make transactions.

Bypass dollar spending limit with Payoneer

Read my post on how to fund GTbank domiciliary account

Another method is to order for a Payoneer Physical card or a Payoneer Virtual card. To get started, you will need to create a payoneer account.

After creating your Payoneer account, login to your account and navigate to “Banks & cards”, then click on “Payoneer cards”.

Click on “order cards”, you can pick from either a physical card or a virtual card, depending on the one you want.

With the Payoneer card, you will be able to perform international transactions easily.

Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.

Summary

With the above, you should be able to bypass the dollar spending limit in Nigeria. If you are having any troubles or you have something to add to this post, you can always leave us a comment or shoot us an email, and we will get back to you as soon as we can.

Conclusion

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