Okay!! Gone are the days one will have 1000 Naira and purchase a $5 service from Fiverr and still have change.
The exchange rate of dollar to naira is not something to write home about. This has led to many people who make ends meet via online to source means which will enable them reduce the burden of this high exchange rate.
The various means deviced includes the use of Payoneer Mastercard, GTB dollar Mastercard, and various dollar cards offered by banks in Nigeria.
For the purpose of this Article, we shall be treating only GTB dollar debit card.
What is the GTB dollar Mastercard all about?
Though it is not new, The GTB dollar Mastercard is like any other mastercard you know about. Except for the fact that it is dollar denominated, meaning that it counts your money in dollar. It also means that you can make online payments on websites that bill you in US dollars and there wont be need for converting Naira to dollar when making making payments online at those sites.
How do I get the GTB dollar Mastercard?
To get the Dollar Mastercard from GTB, firstly you need to have a dormicilliary account with them. For those who dont have it, they can refer Here for a detailed instruction.
After you might have gotten your GTB Dormicilliary account, ensure you have atleast $50 in the account. You can goto any GTB branch and request for the GTB dollar Mastercard form. The below charges are required for getting the Mastercard.
GTBank Dollar Debit MasterCard Transaction Charges
*. Card Issuance One Time Fee: $20 USD
*. Yearly Card Maintenance Fee: $18 USD
*. ATM Withdrawals: $3.50 USD per withdrawal
*. POS & Internet transactions: FREE
*. POS cash advance: $6.25 USD + 0.1% of transaction amount
The Card can be ready in less than a week, with your Name on it, just like the normal ATM card you use.
Upon reception of your card, you are advised not to change your PIN immediately because you’ll have to activate your card first before changing the pin. You will be given instructions to call card services via GTCONNECT (014480000) to activate the card. After answering quite a number of security questions, your card will be activated in 10 minutes after which you can then change your PIN and then its ready for transactions.
Note: The card will NOT be linked directly to your GTBank domiciliary account. A separate account will created for the card. Meaning that your money is safe and you can easily move funds in and out of the card via the Internet banking platform.
How Can I Fund My GTB dollar account?
It is quite easy to fund your GTB dollar Mastercard. You just have to follow the below procedures:
*. Login in to your GT Bank Internet banking dashboard
*. Click on ‘Account Transfers’
*. Click on ‘Own Account Transfer’
*. In the ‘From’ dropdown menu, Select your GTBank dorm account
*. In the ‘To’ dropdown menu, Select your dollar card account number
*. Enter the amount you want to transfer
*. Click ‘Submit’
*. Press the white button on your token device
*. Lastly, type the transaction code generated in the space provided to authenticate the transfer.
After a successful Transfer, your transferred amount should reflect on your Dollar card account. If you know any other ways to fund GTBank dollar mastercard, why not let us know? There are a couple of people who also sell PayPal funds online. PayPal doesn’t allow “receive funds” in Nigeria right now, but if you have a USA PayPal and it was limited, you can withdraw funds from a limited PayPal.