What You need to know about The FCMB Bank Virtual Card in 2025
Virtual cards are almost a necessity in today’s digital age, especially for those who make frequent online purchases. Perhaps you’re interested in FCMB Bank’s virtual cards if you’re a customer or considering becoming one. We’ll look at how FCMB Bank’s virtual card can enhance your online shopping experience.
Key Takeaways
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Daily Transaction Limit: The virtual debit card has a daily transaction limit of N250,000.
| TRANSACTION LIMITS FOR MASTERCARD USD DENOMINATED CARD | ||
| TRANSACTIONS | CLASSIC | PLATINUM |
| Daily ATM Withdrawal Limit | $500 | $500 |
| Monthly ATM Withdrawal Limit | $15,000 | $15,000 |
| Daily POS/WEB Transaction Limit | $10,000 | $10,000 |
| Monthly POS/WEB Transaction Limit | $50,000 | $50,000 |
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Activation Required: You must activate the card before using it by changing the default PIN.
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Linked to Primary Account: The card is linked to a primary account or an additional account can be opened specifically for the virtual card.
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Customer Support: For any issues, contact FCMB’s 24/7 Contact Center at 01-2798800 or email customerservice@fcmb.com.
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International Transactions: The MasterCard USD denominated card has a daily ATM withdrawal limit of $500 and a POS/WEB transaction limit of $10,000.
What is a virtual card?
Virtual cards are digital versions of regular bank cards. You can’t physically hold it, but online transactions work the same way. During transactions, your actual card details are not revealed, which adds another layer of security. As virtual cards offer convenience as well as enhanced fraud protection, they are becoming increasingly popular.
Does FCMB Bank Offer Virtual Cards?
As of 2024, FCMB Bank will offer virtual cards. They are committed to providing their customers with modern banking solutions that meet their needs. Virtual cards make online transactions convenient, safe, and hassle-free.
Features of FCMB Bank Virtual Cards
FCMB Bank’s virtual cards offer the following features:
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Linked Accounts: You can link your virtual card to your Current or Savings account. There’s also a prepaid option that works with a wallet account.
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Card Variants: Available as MasterCard and Verve.
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Currency: Denominated in Naira.
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Instant Access: Card details are instantly displayed on the digital platform after authentication.
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Transaction History: Easily access your transaction history through your account.
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Validity: Each card is valid for five years and can be reissued.
How to Get an FCMB Bank Virtual Card
A FCMB virtual card can be obtained quickly and easily. You can do this by following these steps:
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Login to FCMB Mobile App: Download and open the FCMB Bank mobile app. Log in to your account.
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Navigate to Card Management: Navigate to the Card Management section in the menu and select “Request for Virtual Card.”
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Complete Your Details: Link the card to your chosen account, fill in the required details, and verify with an OTP.
Benefits of FCMB Virtual Card
What are the benefits of using an FCMB virtual card? The following are some compelling reasons:
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Enhanced Security: An OTP (one-time password) is required to complete each transaction, adding an extra layer of security.
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24/7 Access: Access your funds anytime, anywhere in Nigeria.
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Instant Alerts: Receive instant SMS alerts for every transaction, helping you monitor your spending.
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Fraud Protection: Reduced risk of fraud since virtual card details cannot be stolen or cloned.
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Cost-effective: Cheaper than a physical card and easier to obtain.
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Convenience: There is no need to carry a physical card around.
Conclusion
The FCMB Bank’s virtual card is a modern, secure, and convenient tool for online transactions. FCMB is committed to staying ahead of the digital banking curve and offering cutting-edge services to their customers. The FCMB virtual card makes it easier and safer to shop online, pay bills, and manage your finances.
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