Ecobank Increases Daily Spending Limit For Customers Abroad

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By; PETER NOSAKHARE, Kaduna.

Pan African Bank, Ecobank Nigeria has announced an increase in the maximum daily limit of its Naira debit cards abroad, depending on the type of cards held by its customers.
Customers with Naira debit cards can now pay up to 4,000 dollars and 5,000 dollars per day on online channels and Point of Sale (PoS) terminals respectively across the world.
A statement from the Bank also added that foreign currency debit card holders can spend up to 5,000 dollars daily from their domiciliary account.
For Ecobank Premier customers with Platinum Credit Cards daily transaction limits of 15,000 dollars apply. These limits are, however, subject to the Central Bank of Nigeria’s (CBN)’s annual spending limits on Naira and foreign currency denominated cards.
Commenting on the development, the Customer Distribution Head, Ecobank Nigeria, Mr. Ayotunde Kuponiyi, remarked that this change was a response to customer’s feedback, saying the bank is determined to reach and provide the customers convenience at all times.
Said he: “This is positive news for our customers, particularly for those traveling for business and leisure and for our customers in Diaspora. It is very important that customers of Ecobank access their account with relative ease wherever they are within or outside the country.

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