In its drive to promote convenience and ease of business for customers, First Bank of Nigeria PLC has raised the limits on international transactions on Naira Cards to $1,100 monthly across ATMs, PoS, and online channels, with the daily ATM withdrawals raised to $300.
First Bank in a statement in Lagos, said customers can now enjoy increased access to funds using the FirstBank Naira Master Cards, Naira Prepaid, and Naira Credit Cards for international payments.
It however, pegged the monthly limit for points of sale (PoS), online transactions, and customers in UAE, and China to $250.
First Bank said the new international spend limits are coming on the heels of increased availability of foreign exchange in the economy, a fall-out of various economic recovery measures put in place by the Central Bank of Nigeria (CBN).
First Bank encouraged its customers to continue to leverage FirstBank’s dollar denominated credit and prepaid cards even they also enjoy the raised transaction value on the Naira Cards. “First Bank remains committed to meeting the banking and financing needs of its customers, providing world class services and expertise whilst ensuring the security of customer funds,” it added.
