Stanbic IBTC bank has placed a ban on international transactions through the use of its Naira Mastercard.
This new development was contained in an e-mail sent to customers of the bank.
The message reads: “Dear Valued Customer, Thank you for your continued business.
“On account of current market conditions, please note that with effect from 18 October, 2016, you will not be able to use your Naira debit and credit cards for international transactions.
“If you wish to carry out card transactions priced in foreign currencies from that date, you can request for a USD card (debit or prepaid) from any of our branches.
“We apologize for any inconvenience that may be caused by this decision. We trust that our USD card product will allow you to continue to pay for goods and services that are priced in foreign currencies.
“To ensure unhindered access to your USD debit or prepaid card while abroad, kindly notify us of your impending trip(s), preferably before you leave Nigeria.
“Please feel free to contact us by email: EbankingQueries@stanbicibtc.com or call our 24 hour contact centre on any of the following numbers 0700CALLSTANBIC, (0700-2255-7826-242), 01-2709676 & 01-4222222
Stanbic IBTC Bank
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