UTC to limit usage of TT Income Fund Visa Card due to forex issues
The foreign exchange (Forex) shortage plaguing Trinidad and Tobago has affected yet another company as the Unit Trust Corporation (UTC) was forced to take a decision to limit the usage of their TT Income Fund Visa Card to domestic use only, effective January 31.
In a notice issued today, UTC customers were informed that they would no longer be able to utilize their TT Income Fund Visa Card.
Instead, those interested in continuing to make international online purchases are urged to open a US Income Fund Account and apply for the US Income Fund Visa Debit Card which can be used for international transactions with daily withdrawal and Point of Sale services.
According to the notice, the daily card limit is as follows:
TT Income Fund
Daily local ATM withdrawal $3500.00
Daily local Point of Sale (POS) $20,000.00
US Income Fund Visa Card
Daily international ATM withdrawal US $1,000.00
Daily international Point of Sale (POS) limit US $5,000.00
See the notice below: