Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink - Business (2)

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Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink - Business (2) - Nairaland

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Nigeria’s Dollar Shortage Worsens As Demand For School Fees Abroad Mounts / Naira Appreciates As Demand For Dollar Gets Low / Naira Slides Further As Demand Outweigh Supply (2) (3) (4)

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Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by menxer: 7:43pm On Jul 04, 2016

eleojo23:

I would have done that but I won't be needing anything from Amazon at the moment.

Have you tried it? How much do they charge?

Amazon rate is 295/$ but GTBank deactivated the DCC (direct currency converter) which enables them (GTBank) charge at 340/$ as at last week when I transacted.

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by adeoladele(m): 9:45pm On Jul 04, 2016

Please how can I pay my school fees with resealable rate I school in Rwanda

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by cosade(m): 6:04am On Jul 05, 2016

adeoladele:
Please how can I pay my school fees with resealable rate I school in Rwanda

Nigerian, schooling in Rwanda?

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by futurenix(m): 8:18am On Jul 05, 2016

eleojo23:

GTB is 330/$ through PayPal.

Please how can I pay to a PayPal account from my gtbank naira account?

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by eleojo23: 8:21am On Jul 05, 2016

futurenix:

Please how can I pay to a PayPal account from my gtbank naira account?

Do you want to pay to an individual or do you want to buy something online?

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by futurenix(m): 9:08am On Jul 05, 2016

eleojo23:

Do you want to pay to an individual or do you want to buy something online?

Pay to individual

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by eleojo23: 9:17am On Jul 05, 2016

futurenix:

Pay to individual

Is your GTBank card already linked to paypal?
Is the recipient in Nigeria? If the person is in Nigeria, it will not work because Nigerians are not allowed to receive money through PayPal, we can only use it for online goods payment and to send money outside the country.

But if the person is not in Nigeria, it is possible.
I haven't tried paying to an individual before but I think you can get instructions on how to do it from Paypal's FAQ/Help page.

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by futurenix(m): 9:21am On Jul 05, 2016

eleojo23:

Is your GTBank card already linked to paypal?
Is the recipient in Nigeria? If the person is in Nigeria, it will not work because Nigerians are not allowed to receive money through PayPal, we can only use it for online goods payment and to send money outside the country.

But if the person is not in Nigeria, it is possible.
I haven't tried paying to an individual before but I think you can get instructions on how to do it from Paypal's FAQ/Help page.

OK. It's outside the country. Thanks

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by olujastro: 7:21pm On Jul 05, 2016

Built2last:
My people!!!

How can we report banks to CBN for their terrible and ridiculous card rates.

These guys buy Dollars from CBN at 283-286 and you use your card outside Nigeria. banks want to cut your neck.

The cheapest card rate I know now is Standard chartered and Stanbic IBTC other banks charge as high as 320-340.

How can we report them to CBN to check this crazy charges.

Were you able to use your Standard Chartered card for foreign transactions recently? The last time I checked they suspended such transactions on June 1 due forex issues. Would love to know

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by Built2last: 10:48pm On Jul 05, 2016

[quote author=olujastro post=47240412]
Were you able to use your Standard Chartered card for foreign transactions recently? The last time I checked they suspended such transactions on June 1 due forex issues. Would love to know
[/quote

Still suspended.

Re: Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink by peperempe: 11:44pm On Jul 05, 2016

Heritage bank charged 291 per dollar for ATM withdrawal abroad on d 3rd of july 2016. Then 240naira for service charge

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