Foreign Exchange (FX Mart)
Buy and exchange foreign currency, at competitive rates, at UBA FXMart. Available in UBA business offices.
Get PTA and BTA in Dollars, Pounds or Euro.
Travelling abroad? You can get a maximum of $4000 Personal Travel Allowance, $5,000 Business Travel Allowance or its equivalent per quarter at any UBA branch nationwide.
Benefits
- We serve all customers; you do not have to be a UBA account holder!
- Purchasing traveling allowances is easier and faster.
- All foreign currency purchases can be loaded on a convenient UBA card.
- Added security.
Terms and conditions
- To be eligible, you must not have been paid a total of $4000 or its equivalent within the quarter.
- PTA/BTA applicants must provide a duly completed Form A, a valid Nigerian Passport with a valid visa, an international return ticket with a travel date not more than 14 days from the date of PTA/BTA purchase. In addition to these documents, a Certificate of Incorporation/Registration, Letter of Invitation from a business partner abroad would be required for BTA.
- PTA/BTA is valid for journeys of 5 hours minimum flight time originating from Nigeria. Countries within the West African Region and Cameroon are exempted from PTA/BTA.
- For school fees, applicants should be Self or a parent/guardian with a valid BVN.
- Admission letter, payment invoice and a duly completed Form A and Applicant’s valid ID card are required for school fees.
Apply for PTA or BTA for personal or business
Frequently Asked Questions
Here is everything you need to know about the UBA FX Mart.
Where can I purchase foreign exchange?
The FX Mart service is available in all UBA Business Offices.
What is PTA/BTA?
PTA stands for Personal Travel Allowance. BTA stands for Business Travel Allowance.
Do I have to be a UBA account holder to buy foreign currency from UBA FXMart?
No, UBA FX Mart will sell to both account holders and walk-in customers.
Can a traveler buy all three currencies at the same time?
Absolutely, as long as the quarterly limit for PTA/BTA is not exceeded. The US dollar is the base currency.
Can I buy both PTA and BTA at once?
No, you can only purchase one allowance at a time.
Are children entitled to buy foreign exchange?
Foreign exchange can be purchased by holders of Nigerian passports who are 18 years and above
Can I still buy foreign exchange, even if I do not want up to my maximum travel allowance?
Yes you can. The minimum purchase amount is $100 or it’s equivalent in other currencies.
Does FXMart deal in all the currencies in the world?
At this time, FXMart only deals with the three major world currencies, US Dollar, British Pounds and the Euro.
Contact
If you need more information please contact us.
