You’ll no longer be able to use your Naira card for foreign payments — Union Bank tells customers

Union Bank of Nigeria (UBN) has notified its customers that starting August 1, 2022 they would be unable to make international transactions using their Naira Debit card.

In a mail announcement, the bank said; “Dear Customer,

“Please be informed that effective August 1, 2022, you will no longer be able to use your Naira card for foreign payments.

“To carry out international transactions (including payments on foreign websites), open a UnionAce account today at any Union Bank branch.

“UnionAce offers you up to 4% per annum on your dollar deposits, and a card that allows you to shop globally with a daily limit of $7,500 on POS and $4,000 online.”

LanreNews had earlier reported that banks reduced the monthly naira debit limit from $100 to $20.


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