The United Bank for Africa (UBA) has announced revisions to its domiciliary MasterCard limits and associated fees in line with the latest central bank policy.
Outlined in a notice forwarded to customers, UBA detailed the modified limits across various currencies.
For Euro-denominated cards, the gold MasterCard now has a €1,000 daily ATM withdrawal cap, a €3,000 daily web transaction limit, and a €3,500 daily point of sale (POS) expenditure ceiling.
Similarly, the platinum MasterCard permits a €1,500 daily ATM withdrawal, a €5,000 daily web transaction cap, and a €5,000 daily POS limit.
Meanwhile, the world MasterCard imposes a €1,500 daily ATM withdrawal restriction, an €8,500 daily web transaction limit, and a €15,000 daily POS cap.
Regarding Pound Sterling cards, the daily ATM withdrawal limit stands at £1,200 across all card tiers, accompanied by varying daily web and POS transaction thresholds.
Likewise, for US Dollar cards, the gold MasterCard features a $1,000 daily ATM limit, while platinum and world MasterCards set a $1,500 daily withdrawal cap.
The daily web transaction limits for gold, platinum, and world MasterCards are $5,000, $6,000, and $10,000, respectively.
Furthermore, UBA disclosed adjustments to transaction fees, including a 0.6% charge for ATM cash withdrawals or POS cash advances, with a minimum fee of $3.5 per withdrawal.
Also, a 2.5% levy applies to transactions conducted in currencies other than the card’s base currency.
These revisions follow recent disclosures by International Money Transfer Operators (IMTOs) regarding the cessation of dollar transfers to Nigeria, prompted by a directive from the Central Bank of Nigeria (CBN).
