Banks suspend cash withdrawals by cardholders abroad

News Desk :
Some private commercial banks have decided to suspend all forms of cash withdrawal by their cardholders outside Bangladesh, while some have also lowered their credit card limits.

Many banks choose not to inform customers, saying the decision was made because the rising daily withdrawal amounts on their cards appeared unusual in some countries, reports bdnews24.com

“All types of cash withdrawals outside the country with BRAC Bank cards have been suspended,” the private commercial bank said in text message to its customers on Sunday.

However, BRAC Bank cardholders can still make purchases through Point of Sale terminals and use e-commerce services within their designated travel quota, according to the SMS.

Earlier, the bank stopped cash withdrawals within the country using credit cards.