Zenith Bank Announces Suspension Of International Transactions On Naira Cards

Zenith Bank has said that its customers will no longer be able to carry out any international transaction on their naira Automated Teller Machine (ATM) cards effective from January 9, 2023.

This is coming barely a week after GTBank made the same announcement, which took effect on January 1, 2023.

Zenith Bank in a notice to its customers on Thursday said: “Please be informed that you will be unable to use your Zenith Bank Naira cards for International Automated Teller Machine (ATM) cash withdrawals, POS transactions, and web transactions with effect from Monday, January 9th, 2023. 

“If you have International spending requirements, simply visit any of our branches and request a foreign currency debit or prepaid card, which are available in US Dollars, Pounds, and euros variants.” 

A dollar card is an international debit card that is issued in partnership with MasterCard or Visa, which is directly linked to customers' domiciliary account (a foreign currency account) and can also be used to settle purchases in other currencies. 

While the naira debit card transactions are done in naira, the dollar debit card transactions are done in dollars.