FCMB suspends naira debit, credit cards for international transactions

Following scarcity in the foreign exchange market, First City Monument Bank (FCMB), a member of FCMB Group Plc, said it suspended Naira debit and credit card for international transactions.

The bank in a statement to its customers encouraged application for foreign currency card (USD or GBP Domiciliary account required) that comes with higher access to $5,000 monthly.

The Bank said:, “In view of the foreign exchange market realities, our Naira Debit and Credit cards will no longer be allowed for international transactions.

“If you require a card for international transactions, we encourage you to apply for our foreign currency card (USD or GBP Domiciliary account required).

“This will give you access to a higher international monthly limit of $5,000 (formerly $1,000), which can be increased.

“Please contact your Relationship Manager or visit any of our branches to get a foreign currency card.”