BREAKING! PTA/BTA NOW AVAILABLE ON FIRST BANK PREPAID TRAVELLING CARDS

 

As a bank that puts her customers first in decision making and  relationship convenience,First bank, one of Nigerian best innovative financial institution has announced new travelling convenience for numerous customers accross board. Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) will now be disbursed into your FirstBank Travel Card ($3,500) and via cash ($500). All applications will still be in line with Regulatory Requirements.   Kindly ensure that all PTA/BTA applications are submitted 14 days (minimum) before your proposed travel date, while a minimum of 30 days is required for school fees, upkeep and others.   Please be reminded that application for Form A for (School fees, Student Upkeep, PTA/BTA) must be processed on the Trade Monitoring System (TRMS) platform of the Central Bank of Nigeria.   Requirements for processing school fees for the first degree and post-graduate programmes: Admission letter in the school letter head Invoice for the current semester on the school letter head. The beneficiary bank/account details in the name of the school/university Duly completed Form A Authority to debit customer/applicant account for Naira equivalent and charges Biodata page of International passport of the student Additionally, first degree certificate is required for post graduate programs. Notification of result is acceptable only if it is duly endorsed as 'certified true copy' by the institution that awarded it The applicant should be a recognized parent or guardian of the student. School fees and student upkeep is strictly for degree and post graduate programs. The school fees amount should be equal to or less than the amount on the invoice and not more than the amount on the invoice. The maximum limit of USD15,000 (or its equivalent in other currencies) per semester is no longer applicable. The amount on the invoice is the limit in line with recent CBN/ Bankers committee decisions. The student upkeep/maintenance fee is a maximum of USD3,000 (or its equivalent in other currencies) and can be paid directly to the account in the name of the student abroad per semester if the school does not make provision for collection of student upkeep on behalf of the student. This is in line with the recent CBN/ Bankers committee decision.   Requirements for processing PTA/BTA: Biodata page of International Passport Valid Visa Page Duly confirmed return ticket with e-ticket number Authority to debit account for naira equivalent and charges Account must have been opened and run for at least 6 months Complete a prepaid card request form where customer does not have one For enquiries, please email firstcontact@firstbanknigeria.com