See GTB Current Exchange Rate On Naira Debit Card For Foreign Currency Online Payment

And for those of you that are planning to use their GTB Naira ATM debit card presently to pay online for foreign currency, either in Pounds or Dollars and also those that will like to know what GTB currently charge per Pound or Dollar, you can take my present experience as case study.

And yes, I decided to make an online payment yesterday in Pounds with my GTB Naira debit card and see what I was charged.

It was a £13.10 online payment with my GTB Naira Debit card and I was charged outrageous N6,737.43 for that, which is a clear indication that without proper calculating these things yourself as a bank customer, you might not know that the banks easily over charge their customers.
GTB-current-foreign-currency-exchange-rate-on-naira-debit-card

That charge amounts to N514 per pounds, and that was what I was charged by GTB on my £13.10 online payment with Naira debit card.

Even the current black market rate for pounds exchange is nowhere near N514, and then on how GTB came about with that rate is what I don’t really know.

On conversion of the £13.10 to dollar we got $16.81, meaning that GTB charged me a whopping N400 per dollar on that purchase.

So if you are currently planning to pay online with your GTB Naira debit card, then you should see for yourself above to get a clue of what you will be charged.

See GTB Current Exchange Rate On Naira Debit Card For Foreign Currency Online Payment See GTB Current Exchange Rate On Naira Debit Card For Foreign Currency Online Payment Reviewed by Edwin Akwudolu on 12:59:00 PM Rating: 5

6 comments:

  1. Why didn't you make use of bartercard..?

    ReplyDelete
  2. Sorry to say, but I guess you are lieing. GTBank don't currently accpet naira master card for foreign transaction. Show us the proof.

    ReplyDelete
    Replies
    1. Hi,

      Please note that we are not lying and we used our GTB Naira Debit card for the transaction and that was what we were charged.

      Thank you.

      Delete
  3. Hello Edwin I think you should consider using bartercard for your online transactions or what do you think..?

    ReplyDelete
    Replies
    1. Hi Chigozie,

      Thank you for suggesting Bartercard to us, but we normally use GTB USD dominated debit card for most of our online transactions above $100.

      We decided to use the Naira debit card for that particular transaction because the last time we used it we were charged N320 per dollar, and so we thought we will be charged in similar range again, but it turned out different currently.

      Thank you for dropping by and do have a pleasant day ahead.

      Delete
  4. I think you should consider using barter dollar card for your foreign online transaction's..

    ReplyDelete

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