Honestly, it has being a difficult period for most people since Nigerian banks set limits on naira Master cards usage for foreign transaction. I have received a lot of messages from people trying to pay for one thing or the other on foreign websites but were unable because of the limitations but now it has been taking care of.
Your GTBank Naira Mastercard can now be used to shop on foreign sites such as AliExpress, Gearbest, Amazon, Google Playstore and even pay for Facebook adverts with a monthly limit of $1000
Though I have been making use of my GTBank Naira Mastercard and Dollar card for foreign transactions, some people who don’t have a dollar card and couldn’t use the Naira Mastercard for paying for goods and services online had to resort to using barter virtual cards. But now, am sure they will be glad at this latest development.
GTBANK RATE FOR FOREIGN TRANSACTIONS
As at yesterday, GTB charges N380 per dollar which is still very much on the high side and I’m not comfortable with that. However, if you already have a dollar account, you might not need to use your naira master card, simply fund it from your Domiciliary account or just buy dollars from Bureau de’change and initiate your transaction; but if you don’t, then you can make use of your Naira Master card.
BENEFITS & ADVANTAGES
✔ The transaction limit is now $1000 per month
✔️ It is convenient and simple to use
✔ No need of visiting the ATM centers or bank halls to make transactions
✔️ It’s fast.
✔ To make withdrawals with your naira master card abroad, you’ll be charge N1000 instead of N420
✔ You can only withdraw $300 daily.
✔️ If you aren’t careful, your Mastercard could be stolen and manipulated.
Recall that few days ago, Guaranty Trust Bank was awarded the best bank in Nigeria by an organization known as Euromoney.