PTA /BTA Sales and Review of Intl Spending Limits on Naira MasterCard

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Sunday, August 09, 2015 2.17 PM / GTB

 


GT bank will be commencing the sale of Personal and Business Travel Allowance (PTA & BTA) from Monday, 10th August 2015 at select branches across the country.

 

This means that all intending travellers can now purchase foreign currency at designated GTBank branches up to a quarterly limit of $5,000 and $4,000 (for BTA and PTA respectively) or its equivalent in GBP and EURO.

 

Please find requirements below:


However, in view of the increased difficulty in sourcing foreign currency to settle international transactions on Naira MasterCards, the bank has reduced the daily international spending limit on individual Naira MasterCard to $300. This means that card holders can only spend up to $300 daily when using their GTBank Naira MasterCard for international payments via POS and online.

 

 

The bank reiterates that account holders will however continue to have the option of paying for medical bills, school fees, mortgages and credit cards using Form A, as these are eligible transactions for foreign currency.

 

The bank advices all customers to simply visit any GTBank branch to complete a Form A along with the required documents to make these payments.

 

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