JUST like First Bank, Standard Chartered Bank and most recently, the Guaranty Trust Bank had all announced that its naira cards will no longer be used for international transactions starting starting September 2022, July 2022 and December 2022 respectively, Zenith Bank has also announced the suspension of use of all Zenith Bank Naira Cards for International Automated Teller Machine (ATM) cash withdrawals, POS transactions and web transactions with effect from January 9, 2023.
In a statement by the bank and made available to News Point Nigeria, the bank said, any customer with international spend requirements, should simply visit any of the bank’s branches and request for Foreign Currency Debit card or prepaid card, which are all available in US Dollars, Pounds and Euro variants.
“Thank you for banking with us and kindly direct all enquiries to the below number”, the statement concluded.
News Point Nigeria reports that, earlier, in September 2022, First Bank announced the suspension of international transactions on its naira Mastercards and visa prepaid naira cards.
It stated: “Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card, and Visa Prepaid Naira card for international transactions.
“This will take effect on September 2022”.
In July, Standard Chartered Bank also suspended international transactions on its naira visa debit card. Flutterwave, Eversend, and other fintech platforms had also stopped virtual card services for international transactions.
