First Bank of Nigeria Limited has raised monthly limits on international transactions on Naira Cards to $1,100 across Automated Teller Machines (ATM), Point of Sale (PoS), and online channels, with the daily ATM withdrawals raised to $300.
The gesture, the lender said, was in line with its drive to promote convenience and ease of business for customers. It said customers can now enjoy increased access to funds using the FirstBank Naira Master Cards, Naira Prepaid and Naira Credit Cards for International payments. However, customers in United Arab Emirates and China have a monthly limit of $250 for PoS and Online transactions.
The new international spend limits is coming on the heels of increased availability of foreign exchange in the economy. Customers are encouraged to continue to leverage FirstBank’s dollar denominated credit and prepaid cards even they also enjoy the raised transaction value on the Naira Cards. FirstBank 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, the lender said.
FirstBank is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, the lender has over 750 branches providing a comprehensive range of retail and corporate financial services.
The bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.