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7 Nigerian Banks That Offer Prepaid Dollar Cards

A collage of Nigerian Banks That Offer Prepaid Dollar Cards

In my previous article, I've compiled a list of the best virtual dollar cards in Nigeria. Today, we are going to explore seven Nigerian banks that offer prepaid dollar cards. What's a prepaid dollar card? You may wonder. In a nutshell, it's an international payment card that you can preload with money. Unlike a Naira debit card, you can use a prepaid dollar card to pay for goods and services outside Nigeria. You can also use your prepaid dollar card to make online purchases and get cash from ATMs globally. 

A prepaid dollar card is not linked to your Nigerian bank account. Instead, you fund the card account with money before you can spend it. A Naira debit card allows you to spend money you have in your bank account, while a prepaid dollar card allows you to spend money you have in your dollar card account. Without further ado, here are the top Nigerian banks that offer prepaid dollar cards.

1. Stanbic IBTC Bank

Stanbic IBTC Bank's prepaid dollar card

Stanbic IBTC Bank offers prepaid dollar cards that allow you to transact Internationally in US Dollars. It comes with a 10-dollar annual maintenance fee and can be used outside Nigeria only, on ATM, POS, and online transactions. The daily international ATM withdrawal limit is $1,000, while international POS and online transaction limits are $20,000 and $10,000 respectively. The card is valid for 3 years and you can apply for it by calling Stanbic Bank at +234 0700 909 909 909 or emailing customercarenigeria@stanbicibtc.com. To learn more about the US dollar pre-paid Stanbic card, visit the bank's website.

2. GTBank

GTBank Prepaid Dollar Card

GTBank offers an international Prepaid Dollar Card that allows you to have 24-hour access to funds from over 2.1 million ATMs worldwide. The card, which is issued in partnership with MasterCard Worldwide or VISA International, is available to GTBank customers and non-customers alike. To apply for the card as a non-GTB account holder, you need to:
  • Complete an application form at any GTB branch
  • Provide a recent passport photograph
  • Provide a recent utility bill
  • Provide a copy of your Driver's License or International Passport
  • Pay an issuance fee of 1,000 Naira
  • Pay an annual maintenance fee of $10
GTB account holders, on the other hand, just need to complete an application form and pay an issuance fee of N1,000. The GTB Prepaid Dollar Card has an annual spending limit of $20,000.

3. UBA

UBA Prepaid Dollar Card

The UBA Prepaid Dollar Card is a pre-funded and re-loadable card that allows you to pay bills and make purchases internationally. With a UBA Prepaid Dollar Card, you can withdraw money at any international ATM. The card is also accepted on international POS and online stores, making it great for online subscriptions and digital ad payments. As a UBA account holder, the Prepaid Dollar Card isn't linked to your UBA account.

You can spend up to $10,000 monthly with a UBA Prepaid Dollar Card. Just so you know, you can use the UBA Dollar Prepaid Card only for international transactions. It comes with an issuance fee of $3.39 and an annual maintenance fee of $20. You can walk into any UBA branch close to you to request a UBA Dollar Prepaid Card.

4. Polaris Bank

Polaris Bank Visa USD Prepaid Card

Polaris Bank offers a Visa USD Prepaid Card to its existing and non-existing customers. You can use this dollar-denominated card, which is valid for three years, globally on all terminals; ATM, POS, and WEB. What sets the Polaris Bank Visa USD Prepaid Card apart is that it has no annual limit on international spending. You can apply for the card by visiting any Polaris Bank close to you.

5. FCMB

FCMB Prepaid Dollar MasterCard

First City Monument Bank (FCMB) offers a Prepaid Dollar MasterCard that is accepted worldwide on ATMs, POS, and online stores. You don't need to open or have an FCMB account to apply for this dollar-denominated card, which is valid for three years. Like other prepaid dollar cards, the FCMB Prepaid Dollar MasterCard eliminates the need to carry large sums of cash when traveling. 

The card's issuance fee is $10. Its annual maintenance fee is also $10. Unlike other prepaid dollar cards, you can use the FCMB Prepaid Dollar MasterCard both in Nigeria and abroad. However, its daily/monthly spending limit, $1,000, is low compared to other prepaid dollar cards. Visit FCMB's website to learn more about its Prepaid Dollar MasterCard.

6. Wema Bank

Wema Bank Prepaid Dollar Card

Take your international transactions to the next level with Wema Bank's Visa USD Travel Card. This USD-denominated ATM card helps you manage all your travel expenses. Your travel prepaid dollar card isn't linked to your Wema Bank account. Instead, it's linked to a virtual prepaid account. This way, all your transactions will reflect instantly on your prepaid card account. This means you'll need to load money on the card before you can use it.

The Wema Bank Visa USD Travel Card is accepted wherever Visa is around the world. It does not come with an issuance fee, although it has an annual maintenance fee of $20 and a cash withdrawal fee of $3. Visit Wema Bank's website to learn more about their prepaid cards.

7. Ecobank

Ecobank Visa CashXpress Card

Ecobank offers a prepaid dollar card called "Visa CashXpress Card." This handy, multi-purpose prepaid card lets you set your own daily withdrawal limit. Also, it allows you to request a card statement. To have this card, you don’t have to be an Ecobank account holder. The card is linked to an electronic account, making it the perfect solution whether you’re a student, employee, merchant, or business person.

You can fund your Ecobank Visa CashXpress Card at any Ecobank branch close to you. After funding your card, you can use it at over 1.6 million ATMs and 24 million POS terminals worldwide. This is a card that allows you to withdraw local currency wherever you are.

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