Good news to Gtbank customers who uses their naira cards to pay for goods and services outside Nigerian because Gtbank recently reviewed their Monthly transaction limit of $100 when using Naira MasterCard for international transactions but now it have been raised from $100 to $1000 monthly transaction limit.
I just got this message from them
We write to inform you of the monthly spending limits currently applicable when using your GTBank Naira MasterCard for International payments.
Please see details below:
Channels New Monthly Limit Previous Monthly Limit
POS and Online $1,000 $100
Kindly note that International cash withdrawal is still restricted.
I must say that we are moving in the right direction because these days people buy lots goods online and restricting them to use only $100 per month is really absurd, I wonder what $100 can buy from abroad but now with $1000 monthly limit you can really go shopping and do real business internationally.
We are still waiting patiently for Gtbank to also review their Dollar to Naira exchange rate because is far too high, imagine US dollar, pounds and euro as at today being exchanged at N379, N493 and N432 respectively while even in some back market you can't even buy or sell at that rate.