“Kindly ensure that all PTA/BTA applications along with the approved Form A are submitted at the branch exactly 14 days before your proposed travel date. Sales are limited to two quarters a year.
School Fees
“For School Fees, a minimum of 30 days is required for processing, after the submission of documents along with the approved Form A at the branch, subject to a maximum of $15,000 per semester and limited to 2 semesters per session.
Student Upkeep
“Application for Upkeep requires a minimum of 30 days for processing subject to a maximum of $3,000 (or its equivalent in other currencies) per Semester, limited to 2 semesters per session. Evidence of payment of school fees for the current session, if the school fees were not paid through FirstBank, will also be required.
Form Q
“Please be informed that a Form M must accompany applications for Form Q, subject to a maximum of $20,000 and limited to 2 quarters a financial year.
The bank reiterated that Application for Form A for (School fees, Student Upkeep and PTA/BTA) must be processed on the Central Bank of Nigeria’s Trade Monitoring System (TRMS) Platform.
Click here to see the requirements for FX purchase.