Guaranty Trust Bank Plc has announced a new spending limit on its Naira MasteCcard outside Nigeria.The development is coming amid several moves on the use of debit and credit cards outside and within the country by the bank and other banks.The new spending limit, according to GTB, affects international cash withdrawals via Automated Teller Machines and international payments via Point Of Sale and online. The bank has pegged POS, Online and ATM cash withdrawal at $1,000 per month.

Initially, it was $300 daily. The announcement was made by the bank via email messages to its customers on Tuesday.