Ecobank Nigeria Thursday announced an increase in the daily spending limit on its naira denominated MasterCard for international transactions from $100 to $1000 for its platinum card customers for online transactions.
It also set $750 and $300 limits for its gold and standard card holders respectively. In Addition to that, the bank said it also enabled $100 daily ATM cash withdrawals on all the card variants.
In a statement, the bank’s Head, Consumer Banking, Tunde Kuponiyi said the bank was conscious of the needs of customers 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, stressing that, the debit card now allows access to its naira account from any part of the world, enabling them to make cash withdrawals as well as carry out web purchases abroad.
He added: “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.”
He explained that customers could get an instant card within two minutes in any Ecobank branch, and that the card is automatically enabled for value added services and online transactions both locally and abroad.