RBC cuts credit card forex spending limit by US$1,500

RBC has cut its credit card holders' monthly foreign currency spending limit by $10,000 (US$1,500). The bank, in a notice to customers on July 19, said, "Personal banking and business banking clients (excluding private banking) monthly limits will be reduced from TT$51,000 (US$7,500) to TT$41,000 (US$6,000) in forex equivalent to a maximum of the account's credit limit, whichever is less." The reduction it said will be effective September 1. RBC said this adjustment was made given current foreign currency supply constraints. It added, "We are striving to balance the requirements of our credit card clients with the availability of foreign exchange (forex) supplies. To address this, we are revising forex limits on our credit cards." The bank said local Trinidad and Tobago dollar transactions remain unaffected. RBC apologised for any inconvenience this may cause. On March 1, 2020, Scotiabank Trinidad and Tobago Ltd advised customers that their monthly credit card foreign currency transactions may not exceed US$3,000. The post RBC cuts credit card forex spending limit by US$1,500 appeared first on Trinidad and Tobago Newsday.

Rubriques :

RBC cuts credit card forex spending limit by US$1,500

Articles similaires

RBC names new managing director

Best Practices for using your Forex card for hotel and car rentals

Farrell: Forex flows difficult to follow

Contours Of The Financial Mess In The Maldives – Analysis

Energy Minister: Shell job cuts won’t affect Trinidad and Tobago

Energy Minister: Shell job cuts won’t affect Trinidad and Tobago

Credit card spending in India increases 19% to ₹1.7 lakh crore in July 2024

Why I’m leaving after 10 years

JMMB opens newest branch in Princes Town

U.S. Bancorp's Arm Expands Credit Card Line With 2 New Launches

Les derniers communiqués