Guaranty Trust Bank (GTBank) has increased the quarterly international spending limit on its naira cards to $40,000.
The latest limit represents a 566.7 percent increase from the $6,000 limit in May and a 100 percent increase from the $20,000 limit as of August 10.
The lender announced the increase in an email to customers on Tuesday.
“Dear Customer, The international spending limit on your GTBank Naira Card has been doubled to $40,000 per quarter. Pay for flights, hotels, school fees & more,” the notice reads.
The financial institution also disclosed that the foreign exchange (FX) rate for international payments on its naira card on Tuesday was N1,367 per dollar.
“Please note: FX rates are subject to change in line with prevailing market conditions,” the bank said.
The latest increase comes as Nigeria’s gross external reserves rose to $52.14 billion, the highest level this year, according to data from the Central Bank of Nigeria (CBN).
Banks resumed international transactions on naira cards in 2025, about three years after the service was suspended.
On July 5, 2025, in separate announcements to customers, United Bank for Africa (UBA), Wema Bank and GTBank said the service had recommenced on their naira cards.
When the service began, GTBank said only $1,000 could be spent on its naira card anywhere in the world each quarter.
The bank fixed withdrawals at automated teller machines (ATMs) at $500 and online or point-of-sale (POS) transactions at $1,000 per quarter.
