There is no need to worry. We’ve got all the details you need to know about GTBank’s virtual card options so you can navigate the digital banking landscape seamlessly.
What is GTBank’s Virtual Card? How does it work?
With GTBank’s Virtual MasterCard, customers have access to a secure and flexible method of making online payments. The product is designed to meet the following needs:
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Online shoppers who are security conscious prefer not to use their primary debit/credit cards online.
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For customers who are unable to make online purchases due to the absence of their physical cards, we offer an immediate alternative.
Is GTBank offering a virtual card service?
As of 2024, GTBank will be offering virtual card services as part of its banking services. There are many online transactions that can be handled with this digital alternative, including local and international online shopping, bill payments, and subscriptions.
What is the procedure for applying for a Prepaid Virtual Naira MasterCard?
In order to apply for GTBank Virtual MasterCard, you will need to log into your Internet Banking account. For more information on how to apply, please follow these steps:
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Access your GTBank Internet Banking platform by logging in to your GTBank Internet Banking account.
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In order to access the Cards section, go to the left-hand menu and select ‘Cards’.
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Click on ‘Virtual Card Request’ and fill in the form displayed on the screen to request a virtual card.
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To initiate a request, click the ‘Request’ button to begin the process. You will have to choose the account you would like to link and agree to the terms and conditions.
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Answer your secret question and click the ‘Continue’ button to proceed with the security verification process.
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Enter your hardware token device’s 6-digit code as confirmation and input your hardware token device’s 6-digit code as input. On the confirmation page, enter the code and click the submit button.
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After you have made a successful transaction, you can view the details of your card, including the PAN (Card Number), the expiration date, the activation code, and the CVV.
The process is fast, convenient, and secure.
How to Convert Your Virtual Prepaid Card to a Physical MasterCard
Should you prefer a physical card, follow these steps:
- Initiate Conversion: Click on ‘Convert to physical Card’ and select the debit account for the card charge.
- Branch Pickup: Choose your preferred branch for card pickup.
- Security Confirmation: Answer your secret question, click ‘Continue’, and receive confirmation once the request is processed.
GTBank Virtual Card Transaction Limits
- Daily Loading Limit: Up to N100,000
- Daily Maximum Card Balance: Up to N500,000
- Local Web Transactions: Up to N500,000 daily
Benefits of Using GTBank Virtual Card
- Free Issuance: No cost for issuance.
- Accessibility: Accepted wherever MasterCard is recognized online.
- Instant Availability: Immediately accessible upon request.
- Flexibility: Load funds directly from your GTBank account via Internet Banking.
- Security: Eliminates the risk of carrying physical cash and offers advanced online security features.
- Prepaid Nature: Load funds only when needed, reducing financial exposure.
- Convertibility: Option to convert to a physical debit card upon request.
- Validity: The virtual card is valid for 3 years.
Frequently Asked Questions (FAQs)
Do I Need to Activate My Card Before Use? No, activation isn’t required for immediate use.
Is My Virtual Card Linked to My Primary Account? No, it operates independently with a separate account linked to the card.
What Are My Transaction Limits? Daily transactions are limited to N500,000, subject to regulatory guidelines.
Conclusion on GTBank Virtual Cards
GTBank’s virtual card service enhances digital banking convenience and security. Whether for everyday online purchases or as a backup option, the virtual MasterCard aligns with modern banking needs.
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