In what is becoming a barrage of bad news Steward Bank has the latest blow. The Bank announced back in August that they were implementing international limit restrictions on Steward Bank MasterCard Debit cards.
Back then the bank announced that customers will only be able to access value on the debit card against pre-funding in foreign currency and cash in bond notes, up to the monthly limit of $10,000.
From that time things have deteriorated further and Steward Bank has just announced the following:
MASTERCARD SUSPENSION NOTICE
Dear Valued Customer
We regret to advise that due to the prevailing foreign currency challenges, the bank has, with immediate effect withdrawn limits on the following cards;
• MasterCard Titanium
• MasterCard Standard Debit
• MasterCard Diaspora Cards
Customers who still wish to use their cards abroad will be required to prefund their cards in USD or via Diaspora Remittances for Diaspora Accounts) up to the $10,000 regulatory monthly limit. We sincerely apologise for any inconvenience caused by this variation which unfortunately is beyond our control.