Connect with us

    Hi, what are you looking for?

    E-Financial

    Zenith Bank Suspends International Transaction On Naira Cards

    Zenith Bank

    Zenith Bank has suspended international transactions on its naira cards from Monday, January 9, 2023.

    The bank said this in a recent notice to its customers.

    It also temporarily suspended international transactions on automated teller machines (ATMs), and point of sale (POS) channels.

    In the latest announcement, Zenith Bank said customers will be unable to use its naira cards for international cash withdrawals, including web and POS transactions.

    The development may likely exacerbate the plight of Nigerians who shop from online stores such as Amazon, as they will no longer be able to pay with their naira cards.

    “Please be informed that you will be unable to use your Zenith Bank naira cards for international automated teller machine (ATM) cash withdrawals, POS transactions and web transactions with effect from Monday, January 9th, 2023,” the notice reads.

    “If you have international spend requirements, simply visit any of our branches and request for a foreign currency debit or prepaid card, which are available in US dollar, pounds and euro variants.”

    As Nigeria’s foreign exchange (FX) crisis worsens and threatens the survival of businesses, many financial institutions also made similar decisions.

    Last month, Guaranty Trust Bank (GTBank) stopped international transactions on its naira Mastercard.

     

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Opinion

    By Ursula Fear, Senior Talent Program Manager at Salesforce The conversation about AI and the workforce has been dominated by one word: replacement. However,...

    News

    Federal Government has described as false, baseless, despicable and divisive reports claiming that terrorists operating in Nigeria are engaged in a systematic genocide against...

    News

    Russia has carried out one of the largest aerial attacks of the war on Ukraine, firing over 600 drones and missiles in a coordinated...

    World

    Cuba has announced the death of Assata Shakur, the American-born Black militant who lived as a fugitive for more than four decades after her...