Banking Briefs
ECOBANK Nigeria has reinstated its Naira denominated MasterCard for international transactions and increased daily limits customers can spend on their cards from $100 to $1,000 for its platinum card holders.
The bank’s spending limits for its gold and standard card holders are $750 and $300 limits, respectively. It has also enabled $100 daily ATM cash withdrawals on all the card variants.
Tunde Kuponiyi, head, Consumer Banking, last week said the bank is conscious of the needs of customers this season and has therefore made provisions to cater for the expected high demands. “This move is to create an ease and encourage customers of the bank to shop and spend abroad with their Ecobank naira denominated cards during this summer.” he said.
According to him, “further to our earlier communication informing you of the suspension of international transactions on Naira denominated debit cards, we are pleased to inform you that you can now use your Naira denominated Ecobank MasterCard for international transactions. The debit card now allows you access to your Naira account from any part of the world. With it, you can now make cash withdrawals and make POS / Web purchases abroad, subject to the limits.”
Customers could get an instant card within two minutes in any Ecobank branch, and the card is automatically enabled for value added services and online transactions both locally and internationally.
Bank customers with domiciliary account can make payments directly with their foreign currency denominated MasterCard debit cards
— Jul 17, 2017 @ 11:40 GMT
Tags: Bank customers Consumer Banking Ecobank MasterCard Ecobank Nigeria head Naira denominated MasterCard Tunde Kuponiyi
