Nigeria: Access Bank creates dollar debit card to access forex outside Nigeria

Access Bank has created dollar debit cards that customers can use in accessing foreign exchange outside the country.

This is according to an email the bank sent to its customers titled “Important Update on Personal/Business Travel Allowance”, informing them of the creation of the Access Travel Debit Card to access foreign exchange for legitimate needs.

This card would be effective from October 18, 2021, only legitimate payments and approved PTA will now be credited to the Access Travel Debit Card for use outside Nigeria.

The mail reads:

In compliance with the directive of the Central Bank of Nigeria to all Deposit Money Banks on ensuring fulfilment of legitimate FX requests for PTA/BTA, we have created an easier process to access FX via the Access Travel Debit Card.

Benefits of the Access Travel Debit Card:

• Instant issuance for PTA/BTA requests
• Easy access to international transactions via POS, ATM and WEB
• The card is valid for 3 years and can be used for current and subsequent PTA/BTA requests within its validity
• All unutilized funds remain in the card and can be used for international transactions or subsequent trips

Effective October 18, 2021, all payments of legitimate and approved PTA will now be credited to the Access Travel Debit Card for use outside Nigeria.

On request, you can also get cashback in Naira equivalent using the prevailing approved rate.”

This move shows that the Nigerian commercial banks are becoming more innovative in handling the dynamics of foreign exchange demand in Nigeria. Hence, it would go a long way in meeting the need of well-meaning Nigerians.