Monday, 10 July 2017

GT Bank Lifts Naira Mastercard Restrictions On International Transactions, Paypal | 2017

Guaranty Trust Bank, one of Nigeria's biggest financial institutions has lifted all restrictions on international transactions, including PayPal that was blocked recently.

Effective July 10th, 2017, the monthly international spend limit has been increased from $100 to $1000, and the daily limit now $300 dollars.

Nigerians abroad can now withdraw money abroad with their GT Bank Naira mastercard. All restrictions and card-use limitations in UAE and China have also been lifted.

However, the bank says it's withdrawal commission which used to be 420, is now 1000 Naira and restriction of magnetic stripe remains in place (meaning transactions can only be performed on chip and PIN enabled EMV terminals).

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