Customers of Guaranty Trust Bank has announced the suspension of international online and PoS transactions on naira Mastercard with effect from December 31, 2022.
Consequently, holders of the bank’s Mastercard will no longer be able to carry out any international transaction on their naira-denominated ATM card.
The bank, in a letter to customers, said: “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.”
It, however, did not give any reason for the development.
The bank said the dollar card allows ATM withdrawal of $1,000 daily or the equivalent in the transaction’s local currency.
It further noted that with the dollar card, there is no limit to international PoS or online transactions and that there will also be no annual spending limit.
The bank urged customers to obtain dollar cards for all their international transactions.
