The GTBank Dollar MasterCard is what I currently use to make online payments in Nigeria on websites that bill me in US dollars. For that reason, no need for converting Naira to dollar whenever I am making payments online at those sites. In this article I’m going to bring to the fore what everyone need to know about gtbank dollar master card. So far, I’ve effectively used it to pay for Google & Facebook ads, web hosting, domain registration, Google apps for work, MadMimi subscription etc
Using the GTBank Naira MasterCard makes absolutely no sense to me any longer because of the current Central Bank of Nigeria (CBN) monetary policy which allows the Naira to float against the US dollar at the inter-bank market, instead of holding on to a fixed peg. What this simply means is your bank can charge you N330 per US$ today and N410 per US$ the following day. Therefore, to prevent stories that touch the heart, I decided I would go for the Dollar MasterCard and also considering the fact that I earn online in US dollars, I didn’t have to think twice.
One important thing I so much like regarding the card is that it is NOT linked directly to my GTBank domiciliary account. A different account was created for the card. I have to move money to the card by myself from my dorm account to the card’s account any time I need dollars for my online payments. Awesome, isn’t it?
My GT bank dollar debit card is custom-made with my name. The card number & expiry date appear at the front of the card while the 3 digit Card Validation Value (CVV2) is branded on the reverse side of the card, beside the signature panel. Validity of the dollar card is 2 years.
How Do I Get Dollar MasterCard By Gtbank In Nigeria?
Getting the Dollar MasterCard by GTBank is very easy if you already have a dollar (dom) account with GTBank. You simply have to visit the nearest branch to fill the GTBank Dollar Debit MasterCard application form and make sure you have a minimum balance of $50 in your GTBank dom account. You can also request for the application form to be delivered to you through email, fill and scan back to your GTBank account manager.
For non-account holders, you will be expected to open a GT bank dollar domiciliary account with the following documents:
- Completed (USD) Domiciliary account form,
- 2 (Two) Referees,
- 1 (one) latest passport photograph,
- a recent Utility Bill,
- a copy of your Driver’s License or International Passport and
- minimum opening balance of $50.
My dollar card was ready for pick up at GTBank Barnawa Kaduna branch after 1 week I submitted my application. As soon as it was ready for pick up, you will get an SMS or perhaps a call from the bank. You MUST make sure you activate the card before changing the default PIN.
How To Activate GT Bank Dollar MasterCard?
After you receive the card, do not change your PIN immediately. You will need to activate it by calling GTCONNECT and then you proceed to change the PIN. You can ask the customer care representative to direct you to where you can call card services for the activation of your card rather than your personal phone. On the GTBank phone, you will see the number to dial for you to be able to speak with a representative that will activate your card.
The GTBank card services representative will ask for your bank account number, date of birth, number of accounts on your GTBank profile, name of the last person that paid into your account as well as amount, the most recent payment you made on your account along with other questions in order to confirm that the account really belongs to you.
The representative will then tell you to wait for 10 or 15 minutes before changing the PIN. As soon as you correctly change the PIN of the GTBank Dollar MasterCard, you can start using it to pay online from Nigeria and anywhere in the world.
Gtbank Dollar MasterCard Charges And Transaction Limits
==> ATM Withdrawal: $1000 (or equivalent in the local currency of any transaction)
==> POS: No Limit
==> Web (Online): No Limit
- Card Issuance Fee: $20
- Yearly Fee: $18
- ATM Withdrawals: $3.50 per withdrawal
- POS & Online transactions: Free of charge
- POS cash advance: $6.25 + 0.1% of transaction amount
NB: The charges are printed on the introduction letter enclosed in the white envelope which also has your default pin and dollar card.
If you know other dollar cards issued by banks in Nigeria which are better than this or have questions to ask, feel free to use the comment form.