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Ecobank increases customers’ card limits for international spending

Ecobank Nigeria has announced an increase in the maximum daily limit of their Naira Debit Cards abroad depending on the type of Card held by the customer.

Customers with Naira Debit Cards can now pay up to $4,000.00 and $5,000.00 per day on Online Channels and POS terminals respectively across the world.

Also Foreign Currency Debit Card Holders can spend up to $5,000.00 daily from their Domiciliary Accounts held in the Bank. For Ecobank Premier Customers with Platinum Credit Cards, daily transaction limits of $15,000.00 apply. These limits are, however, subject to the Central Bank of Nigeria’s annual spending limits on Naira and Foreign Currency Denominated Cards.

Commenting on this development, the Consumer Distribution Head, Mr. Ayotunde Kuponiyi remarked that this change is a response to customer feedback, as the bank is determined to reach and provide the customers convenience at all times.

“This is positive news for our customers, particularly for those travelling abroad for business and leisure and for our Customers in Diaspora. It is very important that Customers of Ecobank access their accounts with relative ease wherever they are, within or outside Nigeria”, he stressed.

Mr. Kuponiyi reiterated that Ecobank Customers can walk into any of the bank’s over 400 branches to pick up an instant Card in under five minutes. These Cards are enabled for value added services and online transactions both locally and abroad. Foreign currency denominated debit cards, (USD, GBP and EUR) can also be accessed directly for use in transacting from domiciliary account withdrawals.

It would be recalled that Ecobank reviewed its card limits upwards for international spend in July last year.

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