PTA and BTA ▷ Buy from Nigerian Banks Now (Requirements)

Lot of Nigerians are concerned about the rates and requirements to register and buy Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) from banks.

Are you one of them?

Have you been asking how much is PTA/BTA (US Dollar, EUR, GBP) in Nigeria banks today?

If YES, this is the only article to read today as you will get to know the right steps to take.

Getting started…

Personal Travel Allowance (PTA) and Business Travel Allowance (BTA)

Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) are currency exchange schemes specifically set up for Nigerians traveling abroad for personal or business reasons.

Nigerians who spend Naira abroad are sadly shortchanged because of the unstable foreign exchange rates.

The primary aim of this program is to level the gap between the Central Bank of Nigeria (CBN) rate and the black market rate for Nigerians traveling abroad.

So, CBN specifically allocates FX to the Bureau De Change and Commercial Banks in Nigeria to achieve this goal.

CBN Requirements for Personal Travel Allowance and Business Travel Allowance

Here are the eligibility requirements set by the Central Bank of Nigeria for PTA/BTA:

  • PTA and BTA are available to Nigerians only.
  • Applicant must be 18 years or above.
  • The destination country must be at least 5 hours away by air.
  • Flight must be a return ticket.
  • Where the applicant did not travel, PTA/BTA bought must be returned to the bank by within 2 weeks of purchase.
  • When tickets scheduled date is changed, the applicant is required to also update the bank.
  • The flight ticket must originate from Nigeria.
  • Travel date must be within the next 2 weeks.
  • PTA limit is $4,000 per quarter (3 months).
  • BTA limit is $5,000 per quarter (3 months).
  • Your passport must be stamped after each purchase.
  • Not sold to travelers visiting blacklisted countries.

How to Apply for PTA/BTA in any Bank

Here are the right steps to apply for your PTA and BTA online using the new CBN portal:

  • Fund your bank account with Naira value of the amount you need.
  • Visit the CBN’s Trade Monitoring System Portal.
  • Register with your BVN (individual) or TIN (organization).
  • An OTP will be sent to your registered email.
  • Verify your email.
  • Login and fill the fields.
  • Upload your data page, visa page, and flight ticket only.
  • Choose your preferred bank and branch.
  • Submit.
  • Visit the chosen bank branch with your original international passport to collect the cash.
  • The bank will start processing your request immediately. On approval, present your international passport for stamping and collect your money.

Personal Travel Allowance (PTA) Requirements in Nigeria

Here are the requirements for PTA:

  • Maximum amount for PTA is $4,000 per quarter.
  • Applicant’s valid and current international passport.
  • A valid visa.
  • Confirmation of a return flight ticket originating from Nigeria (Must be a return ticket and within the next two weeks).
  • A credit balance/cash of the equivalent amount being sold.

Business Travel Allowance (BTA) Requirements in Nigeria

Here are the requirements for the BTA:

  • Maximum amount for BTA is $5,000 per quarter and per head.
  • Applicant’s valid and current international passport of the director or staff of the company.
  • An introduction letter from the company stating the purpose of travel.
  • Letter of invitation from the overseas business partners.
  • Copies of CAC documentation.
  • A valid visa.
  • Confirmation of a return flight ticket originating from Nigeria (Must be a return ticket and within the next two weeks).
  • A credit balance/cash of the equivalent amount being sold.

How to Apply for PTA in any Bank as a Student

Because of the recent CBN FX reforms by the, students who are going to study abroad are now eligible to purchase Personal Travel Allowance (PTA).

Here are requirements for students to buy PTA at the bank:

  • International passport that also has the student visa page in it.
  • Provisional admission letter.
  • Return flight ticket.

READ ⇒ The Right Ways To Pay School Fees Abroad From Nigeria

What if I have a Visa on Arrival?

If your destination country is visa on arrival:

  • Ensure your trip meets PTA requirements.
  • If it does, login to the portal.
  • Fill the fields and upload the documents (international passport data page, return flight ticket).
  • Upload a blank document as a visa page.
  • Submit.
  • Then, contact your bank to explain that you do not actually require a visa to visit the destination country. An exceptional approval should cover for that.


  • PTA turnaround time is 1 business day.
  • A residence permit to your destination country can be used in place of a visa or e-Visa.
  • For PTA, third-party applications are not allowed. However, you can apply for a BTA if your third-party is a corporate account.
  • To avoid issues, your bank account name should be the same as your passport.
  • Depending on the bank, PTA can be given out in cash or electronically.
  • Once your application is approved by the trade system, a 16-digit ‘form number’ is generated and displayed on your request. You can also contact your bank to confirm and proceed for collection.
  • Most banks operate on a first-come-first-serve basis. So, after application, follow up with your bank with your AF-number.
  • After collecting the dollars and eventually you didn’t travel, you’re expected to return the cash to the bank within 2 weeks.
  • If you couldn’t upload your flight ticket while uploading the required documents, just login, choose form-a click history, choose the application and upload missing documents. Ensure to fund your account before applying.
  • You can inquire about the exchange rate and turnaround time from your bank. Insufficient funding is a good reason to disapprove a TRMS transaction.
  • If you are having adb_review status after application, contact your bank with your AF number.

PTA and BTA FX Defaulters

Commercial banks are required by Central Bank of Nigeria (CBN) regulations to publish names and BVN of PTA and BTA FX defaulters.

The customers to be listed cancelled their trip and failed to return the FX availed to them despite several mails, text messages and follow-up phone calls.

This offense can earn the defaulter a BVN blacklist and/or jail term.

Hope you learnt a lot from this article?

Good luck.

READ ⇒ How To Start A Blog Earning ₦525k Weekly In Nigeria

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Saint Chinedu

My GOAL is to equip you with the right strategy and working information to improve academically, financially and also achieve a healthy lifestyle this year.


  1. my Girlfriend is here she is going to return to the US her agent the book the bride said she needs 1000 BTA basic gravel allowance to board the plane back home is that true

  2. Can someone purchase PTA/BTA with another countries passport in Nigeria, in case of Dual citizenship and having a valid/residence visa/permit of the destination country in the other passport?

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